Oil and Gas Exploration and Production Stocks Technical Analysis - Apache, Ivanhoe Energy, Cobalt Intl. Energy, EOG Resources, and Penn Virginia
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LONDON, September 10, 2014 /PRNewswire/ --
On Tuesday, September 09, 2014, the NASDAQ Composite ended at 4,552.29, down 0.87%, the Dow Jones Industrial Average finished the day 0.57% lower at 17,013.87, and the S&P 500 closed at 1,988.44, down 0.65%. The losses were broad based as all the ten sectors ended the session in negative. The S&P 500 Energy Sector Index ended the day at 690.18, down 0.47%, and the index has declined 1.89% in the last one month. Investor-Edge has initiated coverage on the following equities: Apache Corporation (NYSE: APA), Ivanhoe Energy Inc. (NASDAQ: IVAN), Cobalt International Energy Inc. (NYSE: CIE), EOG Resources Inc. (NYSE: EOG), and Penn Virginia Corporation (NYSE: PVA). Free research on these five companies can be accessed at:
http://investor-edge.com/register
On Tuesday, Apache Corp.'s stock recorded a trading volume of 2.73 million shares, higher than its three months average volume of 2.69 million shares. The stock finished the day at $97.11, down 0.84%, and registered an intraday range of $96.64 and $98.59. Apache Corp.'s shares have declined 3.26% in the last one month. However, the stock has surged 2.60% in the past three months and 13.00% on YTD basis. Furthermore, the company's stock is trading above its 200-day moving average. The stock's 50-day moving average of $100.05 is above its 200-day moving average of $89.99. Additionally, shares of Apache Corp. traded at a PE ratio of 13.20 and have a Relative Strength Index (RSI) of 41.66. Sign up and read the free notes on APA at:
www.Investor-Edge.com/APA-10Sep2014
Ivanhoe Energy Inc.'s stock lost 7.69%, to close Tuesday's session at $1.92, after oscillating between $1.90 and $2.13. The stock recorded a trading volume of 0.56 million shares, above its three months average volume of 0.44 million shares. Over the last one month, Ivanhoe Energy Inc.'s shares have gained 20.37%. However, over the past three months and from the beginning of 2014, the stock has plummeted 29.09% and 55.76%, respectively. The company's stock is trading above its 50-day moving average. The stock's 200-day moving average of $3.15 is above its 50-day moving average of $1.87. Further, Ivanhoe Energy Inc.'s stock has an RSI of 58.81. The complimentary notes on IVAN can be downloaded as in PDF format at:
www.Investor-Edge.com/IVAN-10Sep2014
On Tuesday, shares in Cobalt International Energy Inc. finished the session 1.15% higher at $14.99. A total of 3.66 million shares were traded, which was above its three months average volume of 2.93 million shares. The stock moved between $14.89 and $15.25 during the session. Over the last one month, Cobalt International Energy Inc.'s shares have gone up 5.56%. However, the stock has fallen by 18.53% over the past three months and 8.88% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $17.31 is greater than its 50-day moving average of $15.89. Shares of Cobalt International Energy Inc. have an RSI of 40.70. Register for free on Investor-Edge and access the latest research on CIE at:
www.Investor-Edge.com/CIE-10Sep2014
EOG Resources Inc.'s stock fluctuated between $100.82 and $102.49 before ending Tuesday's session down 0.10%, at $101.31. The stock reported a trading volume of 3.63 million shares, above its three months average volume of 2.97 million shares. Further, EOG Resources Inc.'s shares have lost 6.00% over the last one month and 7.49% over the past three months. However, the stock has surged 20.72% on YTD basis. The company's stock is trading above its 200-day moving average. The stock's 50-day moving average of $111.03 is greater than its 200-day moving average of $98.40. Moreover, shares of EOG Resources Inc. traded at a PE ratio of 20.48 and have an RSI of 33.21. The complete research on EOG is available for free at:
www.Investor-Edge.com/EOG-10Sep2014
Penn Virginia Corp.'s stock fell by 0.59%, to close Tuesday's session at $13.42, after vacillating between $13.25 and $14.02. The stock recorded a trading volume of 1.60 million shares, below its three months average volume of 2.94 million shares. Over the last one month and from the beginning of 2014, Penn Virginia Corp.'s shares have advanced 2.99% and 42.31%, respectively. However, over the past three months, the stock has declined 7.06%. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $14.49 is above its 200-day moving average of $13.96. Further, Penn Virginia Corp.'s stock has an RSI of 42.30. Free in depth research on PVA is available at:
www.Investor-Edge.com/PVA-10Sep2014
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