Energy Sector Equities Technical Updates -- Research on Matador Resources, Rosetta Resources, Range Resources, and EQT Corp.
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LONDON, June 12, 2014 /PRNewswire/ --
The US markets on Wednesday, June 11, 2014 ended on a negative note as the Dow Jones Industrial Average finished at 16,843.88, down 0.60% and the NASDAQ Composite closed at 4,331.93, down 0.14%. The S&P 500 finished the session 0.35% lower at 1,943.89. During the trading session, nine out of ten sectors finished on a lower note. The S&P 500 Energy Sector Index ended the day at 705.42, up 0.32%, with the index gaining 11.27% in the previous three months. Investor-Edge has initiated coverage on the following equities: Matador Resources Co. (NYSE: MTDR), Rosetta Resources Inc. (NASDAQ: ROSE), Range Resources Corp. (NYSE: RRC) and EQT Corp. (NYSE: EQT). Free technical research on MTDR, ROSE, RRC and EQT can be downloaded upon signing up at:
http://www.investor-edge.com/3733-register
On Wednesday, shares in Matador Resources Co. recorded a trading volume of 0.75 million shares, lower than its three months average volume of 1.18 million shares. The stock ended the day at $26.81, which was 1.75% above its previous day's closing of $26.35, and registered an intraday range of $26.15 and $27.00. Shares of the company traded at a PE ratio of 20.96. Matador Resources Co.'s stock has surged 2.64% in the previous three trading sessions, 9.12% in the last one month and 43.83% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $25.97 and $21.38, respectively. Furthermore, shares of Matador Resources Co. have a Relative Strength Index (RSI) of 58.00. Sign up today to read free research on MTDR at:
http://www.investor-edge.com/3733-MTDR-12Jun2014.pdf
Rosetta Resources Inc.'s stock finished the Wednesday's session 1.02% higher at $51.49. A total of 0.73 million shares were traded, which was below its three months average volume of 1.11 million shares. The stock vacillated between $50.25 and $51.85 during the session. Over the last one month and over the previous three months, Rosetta Resources Inc.'s shares have gained 13.84% and 9.53%, respectively. Additionally, from the beginning of 2014, the company's stock has advanced 7.18%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $49.15 is greater than its 50-day moving average of $47.33. Rosetta Resources Inc.'s stock traded at a PE ratio of 12.99 and has an RSI of 69.66. Sign up today to read free research on ROSE at:
http://www.investor-edge.com/3733-ROSE-12Jun2014.pdf
On Wednesday, shares in Range Resources Corp. fluctuated between $88.00 and $90.15 before ending the session 1.68% lower at $88.00. The stock reported a trading volume of 1.05 million shares, below its three months average volume of 1.43 million shares. Shares of the company traded at a PE ratio of 60.82. Range Resources Corp.'s shares have lost 5.74% in the previous three trading sessions and 0.43% in the last one month, while the stock has advanced 4.38% on YTD basis. The stock is trading above its 200-day moving average of $82.99, while the 200-day moving average is below its 50-day moving average of $89.91. Moreover, shares of Range Resources Corp. have an RSI of 44.40. Sign up today to read free research on RRC at:
http://www.investor-edge.com/3733-RRC-12Jun2014.pdf
EQT Corp.'s stock edged 0.20% higher, to close the day at $102.85. The stock recorded a trading volume of 1.04 million shares, below its three months average volume of 1.44 million shares. The stock oscillated between $102.29 and $103.61 during the session. Over the last three trading sessions and over the past one month, EQT Corp.'s shares have fallen by 3.33% and 2.08%, respectively. However, the stock has gained an upside of 14.56% since the start of this year. The stock is trading above its 200-day moving averages. EQT Corp.'s 50-day moving average of $104.68 is above its 200-day moving average of $94.10. Additionally, the stock traded at a PE ratio of 39.06 and has an RSI of 41.34. Sign up today to read free research on EQT at:
http://www.investor-edge.com/3733-EQT-12Jun2014.pdf
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