Daily Technical Summary Reports on Independent Oil & Gas Stocks -- Hess, Jones Energy, Laredo Petroleum, and Murphy Oil

NEW YORK, Nov. 09, 2017 /PRNewswire/ --

If you want a Stock Review on HES, JONE, LPI, or MUR then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. CNBC reported that Morgan Stanley has raised its forecast for oil prices through 2020, now seeing international benchmark Brent crude fetching $62 a barrel in the final quarter of the year, up from an earlier estimate of $55. US West Texas Intermediate crude is poised to average $56 for the quarter, up from the financial services firm's prior $48 call. Pre-market today, DailyStockTracker.com monitors four Independent Oil and Gas companies to see how current oil prices and market conditions have influenced their current performance: Hess Corp. (NYSE: HES), Jones Energy Inc. (NYSE: JONE), Laredo Petroleum Inc. (NYSE: LPI), and Murphy Oil Corp. (NYSE: MUR). Register now and get full and free access to these DailyStockTracker.com research reports at: http://dailystocktracker.com/register/

Hess

On Wednesday, shares in New York headquartered Hess Corp. recorded a trading volume of 3.70 million shares. The stock ended at $47.08, declining 1.81% from the last trading session. The Company's shares have gained 6.25% in the last one month and 12.79% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 7.59% and 2.28%, respectively. Furthermore, shares of Hess Corp. have a Relative Strength Index (RSI) of 62.40.

On November 07(th), 2017, Hess Corp. announced that John Hess, CEO, will present at the Bank of America Merrill Lynch 2017 Global Energy Conference on November 16(th), 2017 at 8:15 a.m. EST in Miami Beach, Florida. A live audio webcast and a replay of the presentation will be accessible on the Company's website. Access our complete research report on HES for free at: http://dailystocktracker.com/registration/?symbol=HES

Jones Energy

Texas headquartered Jones Energy Inc.'s stock finished yesterday's session 24.24% lower at $1.25. A total volume of 2.25 million shares was traded, which was above their three months average volume of 1.23 million shares. The Company's shares have gained 4.17% over the previous three months. The stock is trading below its 50-day moving average by 10.48%. Furthermore, shares of Jones Energy have an RSI of 46.77.

On November 07(th), 2017, Jones Energy announced results for the third quarter ended September 30(th), 2017. Net loss for Q3 2017 was $83.0 million, EBITDAX was $47.1 million, total operating revenues were $44.2 million, and total operating expenses were $68.6 million. As of September 30(th), 2017, the Company had $151 million of outstanding borrowings under its revolving credit facility, resulting in approximately $224 million of total unborrowed capacity and approximately $6 million in cash.

On November 08(th), 2017, research firm Stephens downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. The complimentary research report on JONE can be downloaded at: http://dailystocktracker.com/registration/?symbol=JONE

Laredo Petroleum

At the close of trading on Wednesday, shares in Oklahoma headquartered Laredo Petroleum Inc. saw a decline of 2.29%, ending the day at $10.69. The stock recorded a trading volume of 3.51 million shares, which was above its three months average volume of 3.15 million shares. The Company's shares are trading 12.19% below their 50-day moving average. Moreover, shares of Laredo Petroleum have an RSI of 39.16.

On October 18(th), 2017, research firm Williams Capital Group reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $13 a share to $14 a share.

On November 01(st), 2017, Laredo Petroleum announced its Q3 2017 results. The Company produced a record 60,011 barrels of oil equivalent ("BOE") per day; reduced unit lease operating expenses to a record $3.55 per BOE; increased adjusted EBITDA to $130.9 million; and recognized approximately $7.6 million in cash benefits from Laredo Midstream Services, LLC field infrastructure investments through reduced costs and increased revenue. At September 30(th), 2017, the Company had total liquidity of approximately $866 million. Register for free on DailyStockTracker.com and get access to the latest report on LPI at: http://dailystocktracker.com/registration/?symbol=LPI

Murphy Oil

Arkansas headquartered Murphy Oil Corp.'s shares ended the day 0.68% lower at $29.04. A total volume of 2.50 million shares was traded, which was above their three months average volume of 2.18 million shares. The stock has gained 12.30% in the last month. The Company's shares are trading 12.71% above their 50-day moving average and 10.55% above their 200-day moving average. Additionally, shares of Murphy Oil have an RSI of 76.26.

On November 02(nd), 2017, Murphy Oil announced its financial and operating results for the third quarter ended September 30(th), 2017. Net loss from continuing operations was $66 million, EBITDA from continuing operations totaled $229 million, and production averaged 154 thousand barrels of oil equivalent per day. As of September 30(th), 2017, the Company had $2.8 billion of outstanding fixed-rate notes and $1.0 billion in cash and cash equivalents. Register for free on DailyStockTracker.com and get access to the latest report on MUR at: http://dailystocktracker.com/registration/?symbol=MUR

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