Oil and Gas Exploration and Production Equities Technical Notes -- Research on SM Energy, PetroQuest Energy, SandRidge Energy, and Halcon Resources
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LONDON, June 19, 2014 /PRNewswire/ --
On Wednesday, June 18, 2014, the NASDAQ Composite ended at 4,362.84, up 0.59%, the Dow Jones Industrial Average finished the day 0.58% higher at 16,906.62, and the S&P 500 closed at 1,956.98, up 0.77%. The gains were broad based as all the ten sectors finished higher. The S&P 500 Energy Sector Index ended the day at 722.75, up 0.75%, and the index has advanced 6.11% in the last one month. Investor-Edge has initiated coverage on the following equities: SM Energy Co. (NYSE: SM), PetroQuest Energy Inc. (NYSE: PQ), SandRidge Energy Inc. (NYSE: SD) and Halcon Resources Corp. (NYSE: HK). Free technical research on SM, PQ, SD and HK can be downloaded upon signing up at:
http://www.investor-edge.com/3961-register
On Wednesday, SM Energy Co.'s stock recorded a trading volume of 1.26 million shares, higher than its three months average volume of 1.00 million shares. The stock finished the day at $82.33, up 1.89%, and registered an intraday range of $81.05 and $83.66. SM Energy Co.'s shares have advanced 5.47% in the past three trading sessions and 10.35% in the last one month. However, the stock has declined 0.94% on YTD basis. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages. The stock's 200-day moving average of $79.39 is above its 50-day moving average of $75.86. Additionally, shares of the company traded at a PE ratio of 16.34 and have a Relative Strength Index (RSI) of 66.14. Sign up today to read free research on SM at:
http://www.investor-edge.com/3961-SM-19Jun2014.pdf
PetroQuest Energy Inc.'s stock gained 5.08%, to close Wednesday's session at a new 52-week high of $7.03, after oscillating between $6.78 and $7.03. The stock recorded a trading volume of 1.10 million shares, above its three months average volume of 0.84 million shares. Over the last one month and previous three months, PetroQuest Energy Inc.'s shares have surged 19.35% and 21.21%, respectively. Also, from the beginning of 2014, the company's stock has rallied 62.73%. The stock is trading above its 50-day and 200-day moving averages. The company stock's 50-day moving average of $5.97 is above its 200-day moving average of $4.79. Further, the company's stock traded at a PE ratio of 23.97 and has an RSI of 71.15. Sign up today to read free research on PQ at:
http://www.investor-edge.com/3961-PQ-19Jun2014.pdf
On Wednesday, SandRidge Energy Inc.'s stock finished the session 0.42% higher at $7.17, hitting a new 52-week high of $7.25. A total of 6.96 million shares were traded, which was below its three months average volume of 7.86 million shares. The stock moved between $7.11 and $7.25 during the session. Over the last one month and past three months, SandRidge Energy Inc.'s shares have advanced 8.31% and 11.86%, respectively. Also, the stock has gone up 18.12% 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 $6.68 is greater than its 200-day moving average of $6.20. SandRidge Energy Inc.'s stock has an RSI of 67.63. Sign up today to read free research on SD at:
http://www.investor-edge.com/3961-SD-19Jun2014.pdf
Shares in Halcon Resources Corp. fluctuated between $6.82 and $6.99 before ending Wednesday's session down 2.81%, at $6.91. The company's stock reported a trading volume of 8.57 million shares, above its three months average volume of 6.63 million shares. Further, shares of Halcon Resources Corp. have rallied 19.34% over the last one month and 87.26% over the past three months. Also, the stock has surged 79.02% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $5.68 is greater than its 200-day moving average of $4.57. Moreover, shares of the company have an RSI of 74.25. Sign up today to read free research on HK at:
http://www.investor-edge.com/3961-HK-19Jun2014.pdf
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