Stock Review for Independent Oil & Gas Investors -- SM Energy, Zion Oil & Gas, Oasis Petroleum, and Newfield Exploration
NEW YORK, Dec. 26, 2017 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on SM, ZN, OAS, and NFX which can be accessed for free by signing up to www.wallstequities.com/registration. For 2018, expectations are that global economic growth will support solid oil demand growth on the demand side, according to an article on oilprice.com. On the supply side, the article further noted, Venezuela's dire situation, possible new sanctions on Iran, and increased tension in the Middle-East mostly with the Saudi-Iran issues and the Iraq-Kurdistan standoff may take more barrels off the market than OPEC and friends plan, and send geopolitical jitters through the oil market. For today, WallStEquities.com reexplores the Independent Oil and Gas space to find out how select companies have fared over the past few trading sessions: SM Energy Co. (NYSE: SM), Zion Oil & Gas Inc. (NASDAQ: ZN), Oasis Petroleum Inc. (NYSE: OAS), and Newfield Exploration Co. (NYSE: NFX). All you have to do is sign up today for this free limited time offer, click the link below.
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SM Energy
Last Friday at the close, shares in Denver, Colorado headquartered SM Energy Co. ended 0.36% lower at $21.86. The stock recorded a trading volume of 3.05 million shares. The Company's shares have advanced 3.85% in the last one month and 23.36% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 7.51% and 16.70%, respectively. Furthermore, shares of SM Energy, which engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America, have a Relative Strength Index (RSI) of 59.02.
On December 19th, 2017, research firm Robert W. Baird resumed its 'Outperform' rating on the Company's stock while revising its previous target price from $26 a share to $27 a share. Get the full research report on SM for free by clicking below at:
www.wallstequities.com/registration/?symbol=SM
Zion Oil & Gas
Dallas, Texas headquartered Zion Oil & Gas Inc.'s stock finished Friday's session 2.94% lower at $2.31 with a total trading volume of 225,290 shares. The Company's shares have surged 22.22% in the last one month and 68.61% since the start of this year. The stock is trading below its 50-day moving average by 1.80%. Additionally, shares of the Company, which engages in the exploration of oil and gas properties in Israel, have an RSI of 50.23. Get access to our top-rated research, including the free report on ZN at:
www.wallstequities.com/registration/?symbol=ZN
Oasis Petroleum
Shares in Houston, Texas headquartered Oasis Petroleum Inc. ended the session 1.47% lower at $8.06. A total volume of 10.77 million shares, which was above their three months average volume of 10.47 million shares. The stock is trading below its 50-day moving average by 14.16%. Moreover, shares of Oasis Petroleum, which focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, have an RSI of 38.51.
On December 11th, 2017, Oasis Petroleum ("OAS") announced that it has entered into a definitive purchase and sale agreement with Forge Energy, LLC to acquire 20,300 net acres in the Delaware Basin for approximately $946 million, consisting of approximately $483 million in cash and 46 million shares of OAS' common stock valued at approximately $463 million, as of the close of trading on December 08th, 2017. Additionally, OAS expects to divest non-core Williston Basin acreage up to $500 million in 2018.
On December 14th, 2017, research firm Macquarie downgraded the Company's stock rating from 'Outperform' to 'Neutral'. Click here to subscribe for a free membership which welcomes you with our report on OAS at:
www.wallstequities.com/registration/?symbol=OAS
Newfield Exploration
The Woodlands, Texas headquartered Newfield Exploration Co.'s shares recorded a trading volume of 1.31 million shares. The stock closed 1.45% higher at $31.46. The Company's shares have gained 2.61% in the past month and 6.57% in the previous three months. The stock is trading 4.16% and 3.58% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Newfield Exploration, which engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the US, have an RSI of 58.89.
On December 07th, 2017, Newfield Exploration announced plans to release its Q4 and full-year 2017 earnings after market close on February 20th, 2018. The Company will host its earnings conference call on February 21st, 2018, at 10:00 a.m. CST. A listen-only broadcast of the call will be available under the Investor Relations section of the Company's website.
On December 19th, 2017, research firm Seaport Global Securities upgraded the Company's stock rating from 'Sell' to 'Neutral'. To get free access to your research report on NFX, sign up at:
www.wallstequities.com/registration/?symbol=NFX
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