NEW YORK, October 28, 2016 /PRNewswire/ --
Stock-Callers.com is currently evaluating the performances of the following Independent Oil and Gas equities: Hess Corp.
(NYSE: HES), Callon Petroleum Co. (NYSE: CPE), Occidental Petroleum Corp. (NYSE: OXY), and Laredo Petroleum Inc. (NYSE: LPI). On
Thursday, October 27, 2016, December Brent crude tacked on 49 cents,
or 1%, to $50.47 a barrel on London's ICE Futures exchange, while
December West Texas Intermediate crude rose 54 cents, or 1.1%, to $49.72 a barrel on the New York Mercantile Exchange. Sign up today and download for free the research reports
for the stocks covered at:
http://stock-callers.com/registration
Hess
New York headquartered Hess Corp.'s stock finished Thursday's session at $50.42, climbing 0.32%. A total volume of 4.81 million shares was traded, which was above their three months
average volume of 4.45 million shares. Over the last month and since the start of this year, the Company's shares have gained
1.16% and 5.54%, respectively. The stock is trading below its 50-day moving average by 2.59%. Moreover, shares of Hess, which
develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas, have a Relative Strength
Index (RSI) of 42.07.
On October 26th, 2016, Hess reported a net loss of $339
million, or $1.12 per common share, in Q3 2016 compared to a net loss of $279 million, or $0.98 per common share, in Q3 2015. The Exploration and
Production net loss in Q3 2016 was $234 million compared to a net loss of $188 million in Q3 2015. The Corporation's average realized crude oil selling price was $41.50 per barrel in Q3 2016, down 9% on y-o-y basis. HES complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=HES
Callon Petroleum
Shares in Mississippi headquartered Callon Petroleum Co. ended yesterday's session 1.07%
lower at $13.92 with a total trading volume of 2.05 million shares. The stock has gained 22.21% in
the previous three months and 66.91% on an YTD basis. The Company's shares are trading 27.71% above their 200-day moving average.
Moreover, shares of Callon Petroleum, which acquires, explores for, develops, and produces oil and natural gas properties in the
Permian Basin in West Texas, have an RSI of 35.74.
On October 6th, 2016, research firm Mizuho initiated a 'Neutral' rating on the
Company's stock, issuing a target price of $16 per share.
On October 24th, 2016, Callon Petroleum announced the closing of its previously
announced acquisition of certain assets located in the Midland Basin within its WildHorse operating area. On October 20th, 2016, the Company completed the acquisition of 6,904 gross acres primarily located in
Howard County, Texas from Plymouth Petroleum, LLC and additional sellers for total cash
consideration of $340 million. The complimentary report on CPE can be downloaded at:
http://stock-callers.com/registration/?symbol=CPE
Occidental Petroleum
Texas headquartered Occidental Petroleum Corp.'s stock declined 0.81% yesterday, to close the
day at $73.79. A total volume of 4.12 million shares was traded. The Company's shares have advanced
2.63% in the last one month and 12.50% on an YTD basis. The stock is trading 2.97% above its 200-day moving average.
Additionally, shares of Occidental Petroleum, which engages in the acquisition, exploration, and development of oil and gas
properties in the US and internationally, have an RSI of 49.07.
On October 6th, 2016, research firm Mizuho initiated a 'Buy' rating on the Company's
stock, issuing a target price of $83 per share.
On October 17th, 2016, Occidental Petroleum announced that it will hold a conference
call on November 1st, 2016, at 11 a.m. Eastern, following
the release of its Q3 2016 financial results. Sign up for your complimentary report on OXY at:
http://stock-callers.com/registration/?symbol=OXY
Laredo Petroleum
Shares in Oklahoma headquartered Laredo Petroleum Inc. ended the day 0.69% lower at
$12.90 with a total trading volume of 1.80 million shares. The stock has gained 6.26% in the last
one month, 28.74% in the previous three months, and 61.45% since the start of this year. The Company's shares are trading above
their 50-day and 200-day moving averages by 2.41% and 26.67%, respectively. Furthermore, shares of Laredo Petroleum, which
focuses on the acquisition, exploration, and development of oil and natural gas properties, as well as the transportation of oil
and natural gas primarily in the Permian Basin in West Texas, have an RSI of 49.78.
On October 12th, 2016, Laredo Petroleum announced that it will host a conference call
on November 3rd at 7:30 a.m. CT to discuss its Q3 2016
financial and operating results. Laredo expects to report a gain on derivatives of approximately
$6.9 million for Q3 2016. At September 30th, 2016, the
Company had hedged 5,684,875 barrels of oil at a weighted-average floor price of $57.01 per barrel
for 2017.
On October 13th, 2016, research firm Credit Suisse downgraded the Company's stock
rating from 'Neutral' to 'Underperform'. Download the research report for free on LPI at:
http://stock-callers.com/registration/?symbol=LPI
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