Stock Review for Independent Oil & Gas Investors -- Callon Petroleum, Canadian Natural Resources, Cimarex Energy, and Continental Resources

NEW YORK, Feb. 5, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community.  Today we are offering reports on CPE, CNQ, XEC, and CLR which can be accessed for free by signing up to www.wallstequities.com/registration. CNBC reported that Goldman Sachs raised its 2018 oil price forecasts on February 01^st, 2018, projecting Brent, the international benchmark for oil, to average $75 a barrel over the next three months, up from its previous target of $62. The report further noted that Goldman also raised its six- and 12-month forecasts to $82.50 and $75, respectively. Pre-market today, WallStEquities.com revisits the Independent Oil and Gas space to see how select stocks have fared over the previous trading sessions: Callon Petroleum Co. (NYSE: CPE), Canadian Natural Resources Ltd (NYSE: CNQ), Cimarex Energy Co. (NYSE: XEC), and Continental Resources Inc. (NYSE: CLR). All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration.

Callon Petroleum

Last Friday at the close, shares in Natchez, Mississippi headquartered Callon Petroleum Co. ended 1.48% lower at $11.33. The stock recorded a trading volume of 11.69 million shares, which was above its three months average volume of 4.62 million shares. The Company's shares are trading above its their 200-day moving average by 1.38%. Furthermore, shares of Callon Petroleum, which acquires, explores for, develops, and produces oil and natural gas properties in the Permian Basin in West Texas, have a Relative Strength Index (RSI) of 37.23.  

On January 18^th, 2018, Callon Petroleum announced plans to release its Q4 2017 results after market close on February 27^th, 2018. The Company also plans to host a conference call on February 28^th, 2018, at 9:00 a.m. ET to discuss its results. The conference call webcast may be accessed by selecting "IR Calendar" under the "Investors" section of the Company's website.

On February 02^nd, 2018, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, with a target price of $15 per share. Get the full research report on CPE for free by clicking below at: www.wallstequities.com/registration/?symbol=CPE

Canadian Natural Resources

Calgary, Canada headquartered Canadian Natural Resources Ltd's stock finished Friday's session 2.74% lower at $33.69. A total volume of 2.51 million shares was traded, which was above their three months average volume of 2.12 million shares. The Company's shares have advanced 8.78% over the past year. The stock is trading above its 200-day moving average by 3.73%. Additionally, shares of the Company, which acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids, have an RSI of 32.11. Get access to our top-rated research, including the free report on CNQ at: www.wallstequities.com/registration/?symbol=CNQ

Cimarex Energy

Shares in Denver, Colorado headquartered Cimarex Energy Co. ended the session 2.17% lower at $110.95. A total volume of 1.16 million shares was traded, which was above their three months average volume of 914,580 shares. The stock is trading above its 200-day moving average by 0.96%. Moreover, shares of Cimarex Energy, which operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico, have an RSI of 30.03.

On February 02^nd, 2018, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, with a target price of $164 per share. Click here to subscribe for a free membership which welcomes you with our report on XEC at: www.wallstequities.com/registration/?symbol=XEC

Continental Resources

Oklahoma City, Oklahoma-based Continental Resources Inc.'s shares recorded a trading volume of 2.02 million shares. The stock closed 5.07% lower at $53.74. The Company's shares have gained 28.75% in the previous three months and 11.26% over the past year. The stock is trading 3.73% and 32.24% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Continental Resources, which explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the US, have an RSI of 45.28.

On January 25^th, 2018, Continental Resources announced plans to report its Q4 and full-year 2017 results on February 21^st, 2018, following the close of trading on the NYSE. The Company also plans to host a conference call on February 22^nd, 2018, at 12:00 p.m. ET to discuss its results. The conference call may be accessed on the Company's website.

On February 02^nd, 2018, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, with a target price of $70 per share. To get free access to your research report on CLR, sign up at: www.wallstequities.com/registration/?symbol=CLR

--

Wall St. Equities:

Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

WSE has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY

WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit https://wallstequities.com/legal-disclaimer/

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company, we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +21-32-044-483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Wall St. Equities