Technical Research on Independent Oil & Gas Equities -- Crescent Point Energy, Denbury Resources, Devon Energy, and Range Resources

NEW YORK, Nov. 02, 2017 /PRNewswire/ --

If you want a Stock Review on CPG, DNR, DVN, or RRC then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Reuters reported that for the month of October, Brent was up 6.7%, while WTI rose 5.2%. WTI's discount to Brent CL-LCO1=R has widened to nearly $7, making it attractive to exporters. This morning, DailyStockTracker.com draws attention back to the Independent Oil and Gas space to see how select equities have fared over the past trading sessions: Crescent Point Energy Corp. (NYSE: CPG), Denbury Resources Inc. (NYSE: DNR), Devon Energy Corp. (NYSE: DVN), and Range Resources Corp. (NYSE: RRC). Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:

http://dailystocktracker.com/register/

Crescent Point Energy

On Wednesday, shares in Calgary, Canada headquartered Crescent Point Energy Corp. recorded a trading volume of 2.48 million shares, which was higher than their three months average volume of 1.13 million shares. The stock ended the day at $8.18, declining 0.61% from the last trading session. The Company's shares have advanced 2.51% in the past month and 12.21% in the previous three months. The stock is trading above its 50-day moving average by 10.16%. Furthermore, shares of the Company have a Relative Strength Index (RSI) of 64.65.

On October 16(th), 2017, Crescent Point Energy confirmed that the dividend to be paid on November 15(th), 2017, in respect of October 2017 production, for shareholders of record on October 31(st), 2017, will be CDN$0.03 per share. Sign up and read the free research report on CPG at:

http://dailystocktracker.com/registration/?symbol=CPG

Denbury Resources

Plano, Texas headquartered A total volume of 6.76 million shares was traded, which was above their three months average volume of 6.32 million shares. The Company's shares are trading above their 50-day moving average by 5.42%. Additionally, shares of Denbury Resources, which operates as an independent oil and natural gas company in the US, have an RSI of 56.20.

On October 16(th), 2017, Denbury Resources announced that it will host a conference call on November 07, 2017, at 11:00 a.m. ET to review and discuss third-quarter 2017 financial and operating results. The Company plans to issue its financial and operating results prior to the market opening on the same day. A live presentation webcast of the conference call will be available on the Company's website. The complimentary research report on DNR can be downloaded at:

http://dailystocktracker.com/registration/?symbol=DNR

Devon Energy

Shares in Oklahoma City, Oklahoma headquartered Devon Energy Corp. ended the session 5.91% higher at $39.08. The stock recorded a trading volume of 9.30 million shares, which was above its three months average volume of 4.20 million shares. The Company's shares have gained 6.98% in the last one month and 21.10% over the previous three months. The stock is trading 13.84% above its 50-day moving average and 5.85% above its 200-day moving average. Moreover, shares of Devon Energy, which engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US and Canada, have an RSI of 76.07.

On October 10(th), 2017, research firm Jefferies upgraded the Company's stock rating from 'Hold' to 'Buy', with a target price of $43 per share.

On October 16(th), 2017, Devon Energy announced that President and CEO Dave Hager will present at the Bank of America Merrill Lynch Global Energy Conference on November 16(th), 2017, at 2:05 p.m. ET in Miami. A link to the webcast of the event will be accessible on the Company's home page. Register for free on DailyStockTracker.com and access the latest report on DVN at:

http://dailystocktracker.com/registration/?symbol=DVN

Range Resources

At the closing bell on Wednesday, Fort Worth, Texas headquartered Range Resources Corp.'s stock climbed 1.77%, finishing at $18.43. A total volume of 7.58 million shares was traded, which was above their three months average volume of 7.19 million shares. The Company's shares have gained 3.66% over the previous three months. The stock is trading 1.79% below its 50-day moving average. Additionally, shares of Range Resources, which operates as an independent natural gas, natural gas liquids, and oil company, have an RSI of 46.05.

On October 23(rd), 2017, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'.

On October 24(th), 2017, Range Resources announced its third-quarter 2017 financial results. GAAP revenues for Q3 2017 totaled $482 million, GAAP net cash provided from operating activities was $189 million, and GAAP net loss was $128 million. At September 30(th), 2017, the Company had total debt outstanding of $4.0 billion before amortization of debt issuance costs and premium, consisting of $2.9 billion in senior notes, $1.1 billion in bank debt, and $49 million in senior subordinated notes. Get free access to your research report on RRC at:

http://dailystocktracker.com/registration/?symbol=RRC

--

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 contact@dailystocktracker.com. 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: contact@dailystocktracker.com
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.

View original content:http://www.prnewswire.com/news-releases/technical-research-on-independent-oil--gas-equities----crescent-point-energy-denbury-resources-devon-energy-and-range-resources-300548302.html

SOURCE dailystocktracker.com