Pre-Market Technical Pulse on Oil and Gas Stocks -- Energen, California Resources, EQT Corp., and Jones Energy
NEW YORK, June 12, 2017 /PRNewswire/ --
DailyStockTracker.com revisits the Independent Oil and Gas space to see how some companies have been faring under current market conditions: Energen Corp. (NYSE: EGN), California Resources Corp. (NYSE: CRC), EQT Corp. (NYSE: EQT), and Jones Energy Inc. (NYSE: JONE). According to a Reuters report, oil prices rose on June 09th, 2017, after a pipeline stoppage in Nigeria, but crude still ended the week down nearly 4% on persistent worries about global oversupply. Brent crude oil LCOc1 settled up 29 cents at $48.15 a barrel, while US crude CLc1 futures rose 19 cents to $45.83 a barrel. Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
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Energen
Last Friday, shares in Birmingham, Alabama headquartered Energen Corp. ended the session 3.96% higher at $55.87. The stock recorded a trading volume of 1.79 million shares, which was above its three months average volume of 1.46 million shares. The Company's shares have advanced 4.72% in the last one month and 10.11% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 2.99% and 1.14%, respectively. Furthermore, shares of Energen, which through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas, have a Relative Strength Index (RSI) of 50.94. EGN complete research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=EGN
California Resources
Los Angeles, California headquartered California Resources Corp.'s stock finished 1.79% higher at $10.79. A total volume of 2.16 million shares was traded, which was above their three months average volume of 2.01 million shares. The Company's shares are trading below their 50-day moving average by 14.31%. Moreover, shares of California Resources, which operates as an oil and natural gas exploration and production company in the State of California, have an RSI of 39.17.
On June 01st, 2017, California Resources announced that Mark Smith, Senior Executive Vice President and CFO will be presenting at the Goldman Sachs 2nd Annual Leveraged Finance Conference on June 20th, 2017 at 5:10 p.m. EDT in Rancho Palos Verdes, California. The slides for the presentation and certain webcast links will be available on the day of the event under the Investor Relations section of the Company's website. The complimentary report on CRC can be downloaded at:
http://dailystocktracker.com/registration/?symbol=CRC
EQT Corp.
Shares in Pittsburgh, Pennsylvania headquartered EQT Corp. closed the day 2.91% higher at $56.49. The stock recorded a trading volume of 4.32 million shares, which was above its three months average volume of 2.21 million shares. The Company's shares are trading below their 50-day moving average by 4.10%. Moreover, shares of EQT, which together with its subsidiaries, operates as an integrated energy company in the US, have an RSI of 48.96. Sign up for your complimentary report on EQT at:
http://dailystocktracker.com/registration/?symbol=EQT
Jones Energy
Austin, Texas headquartered Jones Energy Inc.'s shares recorded a trading volume of 1.20 million shares last Friday, which was above their three months average volume of 1.15 million shares. The stock closed 5.56% higher at $1.90. The Company's shares are trading 12.48% below their 50-day moving average. Additionally, shares of Jones Energy, which acquires, explores for, develops, and produces oil and natural gas properties in the mid-continent region of the US, have an RSI of 39.18.
On June 05th, 2017, Jones Energy announced plans to participate in the Wells Fargo 2nd Annual West Coast Energy Conference on June 20th, 2017, to June 21st, 2017, in San Francisco, CA. The presentation material for the event will be posted under the Investor Relations section of the Company's website. Download the research report for free on JONE at:
http://dailystocktracker.com/registration/?symbol=JONE
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