Oil and Gas Exploration and Production Equities under Review -- Denbury Resources, EOG Resources, PDC Energy, Ivanhoe Energy, and Ultra Petroleum
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LONDON, August 7, 2014 /PRNewswire/ --
On Wednesday, August 06, 2014, the NASDAQ Composite ended at 4,355.05, up 0.05%, the Dow Jones Industrial Average finished the day 0.08% higher at 16,443.34, and the S&P 500 closed flat at 1,920.24. However, the gains were not broad based as six out of ten sectors ended the session in negative. The S&P 500 Energy Sector Index ended the day at 696.66, up 0.39%, while the index has declined 4.62% in the last one month. Investor-Edge has initiated coverage on the following equities: Denbury Resources Inc. (NYSE: DNR), EOG Resources Inc. (NYSE: EOG), PDC Energy Inc. (NASDAQ: PDCE), Ivanhoe Energy Inc. (NASDAQ: IVAN), and Ultra Petroleum Corporation (NYSE: UPL). Free research on these five companies can be accessed at:
http://investor-edge.com/register
On Wednesday, Denbury Resources Inc.'s stock recorded a trading volume of 8.26 million shares, higher than its three months average volume of 3.56 million shares. The stock finished the day at $16.66, down 1.36%, and registered an intraday range of $16.37 and $17.06. Shares of Denbury Resources Inc. have declined 8.71% in the last one month and 3.76% in the past three months. However, the stock has advanced 1.40% on YTD basis. Furthermore, the company's shares are trading below their 50-day and 200-day moving averages. The stock's 50-day moving average of $17.57 is above its 200-day moving average of $17.01. Additionally, shares of Denbury Resources Inc. traded at a PE ratio of 13.68 and have a Relative Strength Index (RSI) of 39.08. Sign up and read the free notes on DNR at:
http://www.Investor-Edge.com/DNR-07Aug2014
EOG Resources Inc.'s stock fell by 1.83%, to close Wednesday's session at $106.64, after oscillating between $105.63 and $108.51. The stock recorded a trading volume of 5.01 million shares, above its three months average volume of 2.98 million shares. Over the last one month, EOG Resources Inc.'s shares have fallen by 8.66%. However, over the past three months and from the beginning of 2014, the stock has gone up 2.90% and 27.07%, respectively. The stock is trading above its 200-day moving average. The stock's 50-day moving average of $112.88 is above its 200-day moving average of $96.30. Further, EOG Resources Inc.'s stock traded at a PE ratio of 21.55 and has an RSI of 39.20. The complimentary notes on EOG can be downloaded as in PDF format at:
http://www.Investor-Edge.com/EOG-07Aug2014
On Wednesday, shares in PDC Energy Inc. finished the session 0.59% lower at $56.87. A total of 0.82 million shares were traded, which was close to its three months average volume of 0.86 million shares. The stock moved between $56.26 and $58.00 during the session. Over the past three trading sessions and since the start of this year, PDC Energy Inc.'s shares have surged 5.88% and 6.86%, respectively. However, the stock has plummeted 5.97% over the last one month. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $60.92 is greater than its 200-day moving average of $58.92. Shares of PDC Energy Inc. traded at a PE ratio of 58.63 and have an RSI of 49.99. Register for free on Investor-Edge and access the latest research on PDCE at:
http://www.Investor-Edge.com/PDCE-07Aug2014
Ivanhoe Energy Inc.'s stock fluctuated between $0.23 and $0.24 before ending Wednesday's session up 0.34%, at $0.23. The stock reported a trading volume of 0.18 million shares, below its three months average volume of 0.49 million shares. Further, Ivanhoe Energy Inc.'s shares have lost 40.31% over the last one month and 53.69% over the past three months. Also, the stock has declined 62.45% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $0.50 is greater than its 50-day moving average of $0.35. Moreover, shares of Ivanhoe Energy Inc. have an RSI of 33.08. The complete research on IVAN is available for free at:
http://www.Investor-Edge.com/IVAN-07Aug2014
Ultra Petroleum Corp.'s stock advanced 1.17%, to close Wednesday's session at $23.41, after vacillating between $22.79 and $23.50. The stock recorded a trading volume of 3.23 million shares, above its three months average volume of 2.95 million shares. Over the last one month and past three months, Ultra Petroleum Corp.'s shares have fallen by 20.32% and 21.99%, respectively. However, from the beginning of 2014, the stock has gained 8.13%. The company's shares are trading below their 50-day and 200-day moving averages. The stock's 50-day moving average of $27.06 is above its 200-day moving average of $24.59. Further, Ultra Petroleum Corp.'s stock traded at a PE ratio of 10.96 and has an RSI of 22.36. Free in depth research on UPL is available at:
http://www.Investor-Edge.com/UPL-07Aug2014
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