StockCall.com Provides Stock Research on Newfield Exploration Co., Cabot Oil & Gas Corp., Oasis Petroleum Inc., Gran Tierra Energy Inc., and Pioneer Natural Resources Co.
New York City, New York -- (June 03, 2013)
The shale revolution in the U.S. has had a major impact on the oil and gas sector. According to the International Energy Agency (IEA), the U.S. is likely to overtake Saudi Arabia as the world’s largest producer of oil thanks to the shale boom. Several oil and gas companies in the U.S. have boosted their investment in the country to capitalize on the shale revolution. However, oil and gas companies are expected to face significant pressure going forward due to weakening demand amid a slowdown in the global economy. Shares in oil and gas companies ended mostly lower on Friday, May 31, 2013, as the broad market tumbled. The major movers in the sector included Newfield Exploration Co. (NYSE: NFX), Cabot Oil & Gas Corporation (NYSE: COG), Oasis Petroleum Inc. (NYSE: OAS), Gran Tierra Energy Inc. (AMEX: GTE), and Pioneer Natural Resources Co. (NYSE: PXD). StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at
www.stockcall.com/report
Shares in Newfield Exploration Co. fell sharply on Friday, tracking losses in the broader market. The stock closed 4.42% lower at $23.79 after trading between $23.70 and $24.80. A total of 8.28 million shares were traded which is more than double the daily average volume of 3.05 million. So far this year, the company’s shares have fallen nearly 11.20%, underperforming the S&P 500. Sign up for the free report on NFX at
www.StockCall.com/NFX060313.pdf
Cabot Oil & Gas Corporation’s stock was one of the worst performers in the oil & gas sector on Friday. The company’s shares hit an intraday low of $70.35 before finishing the day 2.51% lower at $70.36. A total of 1.71 million shares were exchanged which is below the daily average volume of 1.94 million. However, despite the pullback, the stock is currently trading close to its 52-week high $74.23. COG free technical report can be accessed by signing up at
www.StockCall.com/COG060313.pdf
Shares in Oasis Petroleum Inc. also struggled on Friday, closing 2.18% lower at $37.16 after trading between $37.14 and $38.27. The stock saw volume of 805,879 which is below the daily average volume of 1.38 million. The company’s shares have fallen nearly 3.50% in the last three sessions. However, despite the recent losses, the stock is still trading above its 50- and 200-day moving averages. Free report on OAS can be accessed by registering at
www.StockCall.com/OAS060313.pdf
Gran Tierra Energy Inc.’s stock moved higher on Friday, even as the broader market struggled. The stock hit an intraday high of $6.29 before finishing the day 0.96% higher at $6.28. A total of 2.02 million shares were exchanged which is well above the daily average volume of 1.12 million. However, despite the gains on Friday, shares of GTE have fallen nearly 2.50% in the last three trading sessions.Register withStockCall and download the research on GTE for free at
www.StockCall.com/GTE060313.pdf
Shares in Pioneer Natural Resources Co. tumbled on Friday, closing 4.01% lower at $138.68 after trading between $138.62 and $144.30. A total of 1.74 million shares were traded which is above the daily average volume of 1.58 million. The company’s shares are still trading close to their 52-week high of $146.68. So far this year, the stock has gained over 30.10%, outperforming the S&P 500. Read the full free research on PXD by signing up to StockCall at
www.StockCall.com/PXD060313.pdf
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