Oil and Gas Exploration and Production Stocks Technical Insight -- QEP Resources, VAALCO Energy, Gran Tierra Energy, Memorial Resource Development, and Whiting Petroleum
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LONDON, August 25, 2014 /PRNewswire/ --
On Friday, August 22, 2014, the NASDAQ Composite ended at 4,538.55, up 0.14%, the Dow Jones Industrial Average finished the day 0.22% lower at 17,001.22, and the S&P 500 closed at 1,988.40, down 0.20%. The losses were broad based as seven out of ten sectors ended the session in negative. The S&P 500 Energy Sector Index ended the day at 704.06, down 0.65%, and the index has declined 3.26% in the last one month. Investor-Edge has initiated coverage on the following equities: QEP Resources Inc. (NYSE: QEP), VAALCO Energy Inc. (NYSE: EGY), Gran Tierra Energy Inc. (NYSE MKT: GTE), Memorial Resource Development Corporation (NASDAQ: MRD), and Whiting Petroleum Corporation (NYSE: WLL). Free research on these five companies can be accessed at:
http://investor-edge.com/register
On Friday, QEP Resources Inc.'s stock recorded a trading volume of 1.28 million shares, lower than its three months average volume of 1.49 million shares. The stock finished the day at $34.31, down 1.15%, and registered an intraday range of $34.22 and $34.74. QEP Resources Inc.'s shares have declined 0.58% in the last one month. However, the stock has surged 12.23% in the past three months and 11.94% on YTD basis. Furthermore, the shares are trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $33.76 is above its 200-day moving average of $31.58. Additionally, shares of QEP Resources Inc. traded at a PE ratio of 28.50 and have a Relative Strength Index (RSI) of 54.91. Sign up and read the free notes on QEP at:
http://www.Investor-Edge.com/QEP-25Aug2014
VAALCO Energy Inc.'s stock gained 0.66%, to close Friday's session at $9.10, after oscillating between $8.86 and $9.14. The stock recorded a trading volume of 0.99 million shares, above its three months average volume of 0.94 million shares. Over the last one month and past three months, VAALCO Energy Inc.'s shares have rallied 20.21% and 41.30%, respectively. Also, from the beginning of 2014, the stock has gone up 32.08%. The company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $7.38 is above its 200-day moving average of $7.05. Further, VAALCO Energy Inc.'s stock traded at a PE ratio of 11.29 and has an RSI of 72.02. The complimentary notes on EGY can be downloaded as in PDF format at:
http://www.Investor-Edge.com/EGY-25Aug2014
On Friday, shares in Gran Tierra Energy Inc. finished the session 1.81% lower at $6.51. A total of 0.65 million shares were traded, which was below its three months average volume of 0.92 million shares. The stock moved between $6.49 and $6.64 during the session. Over the last one month and past three months, Gran Tierra Energy Inc.'s shares have lost 9.46% and 9.58%, respectively. Also, the stock has plummeted 10.94% 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 $7.23 is greater than its 50-day moving average of $7.16. Shares of Gran Tierra Energy Inc. traded at a PE ratio of 18.60 and have an RSI of 39.20. Register for free on Investor-Edge and access the latest research on GTE at:
http://www.Investor-Edge.com/GTE-25Aug2014
Shares in Memorial Resource Development Corp. fluctuated between $26.85 and $27.84 before ending Friday's session up 1.02%, at $27.74. The stock reported a trading volume of 1.48 million shares during the session. Further, shares of Memorial Resource Development Corp. have surged 11.36% over the past three trading sessions and 11.32% over the last one month. The company's stock is trading above its 50-day moving average of $24.54 and has an RSI of 74.82. The complete research on MRD is available for free at:
http://www.Investor-Edge.com/MRD-25Aug2014
Whiting Petroleum Corp.'s stock advanced 0.61%, to close Friday's session at $88.42, after vacillating between $87.08 and $88.71. The stock recorded a trading volume of 1.65 million shares, above its three months average volume of 1.57 million shares. Over the last one month, Whiting Petroleum Corp.'s shares have fallen by 1.24%. However, over the past three months and from the beginning of 2014, the stock has gained 23.80% and 42.91%, respectively. The company is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $83.93 is above its 200-day moving average of $70.44. Further, Whiting Petroleum Corp.'s stock traded at a PE ratio of 17.85 and has an RSI of 58.24. Free in depth research on WLL is available at:
http://www.Investor-Edge.com/WLL-25Aug2014
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