Oil and Gas Exploration and Production Stocks Technical Insight - Ultra Petroleum, Baytex Energy, Murphy Oil, Magnum Hunter Resources, and Penn West Petroleum

LONDON, December 2, 2014 /PRNewswire/ --

Investor-Edge has initiated coverage on the following equities: Ultra Petroleum Corporation (NYSE: UPL), Baytex Energy Corporation (NYSE: BTE), Murphy Oil Corporation (NYSE: MUR), Magnum Hunter Resources Corporation (NYSE: MHR), and Penn West Petroleum Ltd (NYSE: PWE). Free research on these five companies can be accessed at: http://investor-edge.com/register. On Monday, December 01, 2014, the NASDAQ Composite ended at 4,727.35, down 1.34%, the Dow Jones Industrial Average edged 0.29% lower, to finish the day at 17,776.80, and the S&P 500 closed at 2,053.44, down 0.68%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Energy Sector Index ended the day at 588.74, up 0.71%, while the index has declined 6.64% in the previous three trading sessions. Register for your complimentary reports on these five stocks at:  

http://investor-edge.com/register

Ultra Petroleum Corp.'s stock finished Monday's session 1.61% lower at $19.53. A total of 7.49 million shares were traded, which was much above its three months average volume of 2.01 million shares. The stock moved between $17.94 and $19.84 during the session. Over the previous three trading sessions and the last one month, Ultra Petroleum Corp.'s shares have declined 11.99% and 14.34%, respectively. Additionally, from the beginning of 2014, the stock has lost 9.79%. The company's shares closed below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $25.65 is greater than its 50-day moving average of $22.89. Ultra Petroleum Corp.'s stock traded at a PE ratio of 8.22 and has a Relative Strength Index (RSI) of 31.62. Sign up and read the free notes on UPL at:

www.Investor-Edge.com/UPL-02Dec2014

On Monday, shares in Baytex Energy Corp. fluctuated between $19.46 and $20.96 before ending the session 9.67% lower at $20.09. The stock reported a trading volume of 1.84 million shares, above its three months average volume of 0.64 million shares. Baytex Energy Corp.'s shares have declined 25.32% in the previous three trading sessions, 34.24% in the last one month and 48.70% on YTD basis. The company's stock closed below its 50-day and 200-day moving averages of $31.64 and $39.29, respectively. Moreover, shares of Baytex Energy Corp. have an RSI of 21.85. The complimentary notes on BTE can be downloaded as in PDF format at:

www.Investor-Edge.com/BTE-02Dec2014

Murphy Oil Corp.'s stock advanced 1.26%, to close the day at $49.03. The stock recorded a trading volume of 3.39 million shares, much above its three months average volume of 1.59 million shares. The stock oscillated between $47.68 and $49.11 during the session. Over the last three trading sessions and over the past one month, Murphy Oil Corp.'s shares have lost 6.50% and 8.17%, respectively. Further, the stock has declined 24.43% since the start of this year. The company's stock closed below its 50-day and 200-day moving averages. The stock's 200-day moving average of $59.91 is above its 50-day moving average of $53.40. Additionally, Murphy Oil Corp. traded at a PE ratio of 11.42 and has an RSI of 34.43. Register for free on Investor-Edge and access the latest research on MUR at:

www.Investor-Edge.com/MUR-02Dec2014

On Monday, shares in Magnum Hunter Resources Corp. recorded a trading volume of 13.26 million shares, higher than its three months average volume of 5.94 million shares. The stock ended the day at $3.91, which was 2.25% below its previous day's closing of $4.00, and registered an intraday range of $3.70 and $4.03. Magnum Hunter Resources Corp.'s shares have plummeted 22.11% in the previous three trading sessions, 15.73% in the last one month and 46.51% on YTD basis. The company's stock closed below its 50-day and 200-day moving averages of $4.84 and $6.92, respectively. Furthermore, shares of Magnum Hunter Resources Corp. have an RSI of 37.07. The complete research on MHR is available for free at:

www.Investor-Edge.com/MHR-02Dec2014

Penn West Petroleum Ltd's stock declined 4.53%, to close Monday's session at $3.37, after oscillating between $3.22 and $3.50. The stock recorded a trading volume of 6.30 million shares, above its three months average volume of 3.68 million shares. Penn West Petroleum Ltd's shares have declined 25.93% in the previous three trading sessions and 25.44% in the last one month. Additionally, from the beginning of 2014, the stock has lost 59.69%. The company's stock closed below its 50-day and 200-day moving averages. The stock's 200-day moving average of $7.72 is above its 50-day moving average of $5.09. Further, Penn West Petroleum Ltd's stock has an RSI of 30.82. Free in depth research on PWE is available at:

www.Investor-Edge.com/PWE-02Dec2014

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