Energy Sector Equities Under Review -- Research on Emerald Oil, VAALCO Energy, Energen, and LinnCo
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LONDON, May 16, 2014 /PRNewswire/ --
On Thursday, May 15, 2014, the NASDAQ Composite ended at 4,069.29, down 0.76%, the Dow Jones Industrial Average finished the day 1.01% lower at 16,446.81, and the S&P 500 closed at 1,870.85, down 0.94%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Energy Sector Index ended the day at 683.03, down 1.31%, while the index has advanced 2.63% in the last one month. Investor-Edge has initiated coverage on the following equities: Emerald Oil Inc. (NYSE MKT: EOX), VAALCO Energy Inc. (NYSE: EGY), Energen Corporation (NYSE: EGN) and LinnCo LLC (NASDAQ: LNCO). Free technical research on EOX, EGY, EGN and LNCO can be downloaded upon signing up at:
http://www.investor-edge.com/2638-register
On Thursday, Emerald Oil Inc.'s stock recorded a trading volume of 3.72 million shares, higher than its three months average volume of 1.43 million shares. The stock finished the day at $6.17, down 5.08%, and registered an intraday range of $6.06 and $6.54. Emerald Oil Inc.'s shares have lost 8.86% in the last one month and 13.34% in the previous three months. Also, the stock has declined 19.45% on YTD basis. Furthermore, the company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $7.33 is above its 50-day moving average of $6.97. Additionally, Shares of the company have a Relative Strength Index (RSI) of 37.75. Sign up today to read free research on EOX at:
http://www.investor-edge.com/2638-EOX-16May2014.pdf
VAALCO Energy Inc.'s stock fell by 2.12%, to close Thursday's session at $6.91, after oscillating between $6.68 and $7.07. The stock recorded a trading volume of 1.28 million shares, above its three months average volume of 0.68 million shares. Over the last one month, shares in VAALCO Energy Inc. have declined 20.57%. However, over the past three months and from the beginning of 2014, the company's stock has gained 4.22% and 0.29%, respectively. The stock is trading above its 200-day moving average. The company stock's 50-day moving average of $7.95 is above its 200-day moving average of $6.55. Further, the company's stock traded at a PE ratio of 13.82 has an RSI of 36.13. Sign up today to read free research on EGY at:
http://www.investor-edge.com/2638-EGY-16May2014.pdf
On Thursday, Energen Corp.'s stock finished the session 0.41% lower at $84.22. A total of 0.93 million shares were traded, which was above its three months average volume of 0.89 million shares. The stock moved between $81.97 and $84.67 during the session. Over the last one month and previous three months, shares of Energen Corp. have surged 5.76% and 11.42%, respectively. Also, the stock has gone up 19.04% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $80.59 is greater than its 200-day moving average of $74.61. Energen Corp.'s stock traded at a PE ratio of 23.07 and it has an RSI of 60.79. Sign up today to read free research on EGN at:
http://www.investor-edge.com/2638-EGN-16May2014.pdf
Shares in LinnCo LLC fluctuated between $27.70 and $28.10 before ending Thursday's session down 0.04%, at $28.04. The company's stock reported a trading volume of 1.19 million shares, below its three months average volume of 1.29 million shares. Further, LinnCo LLC's shares have gained 0.54% over the past three trading sessions and 3.43% over the last one month. However, the stock has fallen by 8.99% on YTD basis. The stock is trading above its 50-day moving average. The stock's 200-day moving average of $29.61 is greater than its 50-day moving average of $27.81. Moreover, shares of the company have an RSI of 53.85. Sign up today to read free research on LNCO at:
http://www.investor-edge.com/2638-LNCO-16May2014.pdf
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