Technical Research on Oil and Gas Equities -- Oasis Petroleum, Anadarko Petroleum, Hess, and CONSOL Energy
NEW YORK, June 7, 2017 /PRNewswire/ --
Pre-market, DailyStockTracker.com revisits the Independent Oil and Gas space to see how these select stocks have fared over the previous trading sessions: Oasis Petroleum Inc. (NYSE: OAS), Anadarko Petroleum Corp. (NYSE: APC), Hess Corp. (NYSE: HES), and CONSOL Energy Inc. (NYSE: CNX). For the week of June 05th, 2017, Stratas Advisors forecasts that the price of Brent crude will be under pressure and will test at $49.00. The global consultancy group also expects that the Brent-WTI differential will trade in the range of $2.30 and $1.90 with respect to the August contract. Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
http://dailystocktracker.com/register/
Oasis Petroleum
On Tuesday, shares in Houston, Texas headquartered Oasis Petroleum Inc. recorded a trading volume of 6.91 million shares. The stock ended the day at $10.19, climbing 4.41% from the last trading session. The Company's shares are trading below their 50-day moving average by 16.38%. Furthermore, 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 a Relative Strength Index (RSI) of 36.84.
On May 08th, 2017, Oasis Petroleum announced its intention to contribute a portion of its midstream assets to a Master Limited Partnership (MLP), and sell a minority interest in the MLP in an initial public offering. The midstream assets that are expected to be contributed to the MLP are located in the Williston Basin area of North Dakota and/or Montana, and include a portion of the Company's crude oil gathering and transportation system, natural gas gathering and processing system, and water handling systems.
On May 11th, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'. Sign up and read the free research report on OAS at:
http://dailystocktracker.com/registration/?symbol=OAS
Anadarko Petroleum
The Woodlands, Texas headquartered Anadarko Petroleum Corp.'s stock rose 0.93%, finishing yesterday's session at $50.10 with a total trading volume of 4.52 million shares. The Company's shares are trading below their 50-day moving average by 11.42%. Shares of the Company, which engages in the exploration, development, production, and marketing of oil and gas properties, have an RSI of 29.80.
On May 10th, 2017, Anadarko Petroleum's board of directors declared a quarterly cash dividend on the Company's common stock of five cents per share, payable on June 28th, 2017, to stockholders of record at the close of business on June 14th, 2017.
On May 19th, 2017, research firm Stifel reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $81 a share to $80 a share. The complimentary research report on APC can be downloaded at:
http://dailystocktracker.com/registration/?symbol=APC
Hess
Shares in New York headquartered Hess Corp. ended the session 1.80% higher at $46.94. The stock recorded a trading volume of 2.90 million shares. The Company's shares are trading 2.47% below their 50-day moving average. Moreover, shares of Hess, which develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas, have an RSI of 45.95.
On May 30th, 2017, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'. Register for free on DailyStockTracker.com and access the latest report on HES at:
http://dailystocktracker.com/registration/?symbol=HES
CONSOL Energy
At the closing bell on Tuesday, Canonsburg, Pennsylvania headquartered CONSOL Energy Inc.'s stock gained 2.12%, finishing at $14.45. A total volume of 1.84 million shares was traded. The Company's shares are trading 9.10% below their 50-day moving average. Additionally, shares of CONSOL Energy, which together with its subsidiaries, operates as an integrated energy company in the US and internationally, have an RSI of 36.85.
On May 23rd, 2017, CONSOL Energy announced the release of its annual Corporate Responsibility Report, which details execution against Key Performance Indicators and outlines activities and new initiatives undertaken during the past year toward the Company's comprehensive corporate responsibility goals. A separate report has been prepared with sustainability performance data related to the Company's affiliate, CNX Coal Resources L.P. Get free access to your research report on CNX at:
http://dailystocktracker.com/registration/?symbol=CNX
Daily Stock Tracker:
Daily Stock Tracker (DST) 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. DST 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.
DST 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 DST. DST 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
DST, 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. DST, 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, DST, 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 DST 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
http://dailystocktracker.com/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: (207)-331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article