NEW YORK, April 3, 2017 /PRNewswire/ --
Stock-Callers.com takes a closer look at some Independent Oil and Gas stocks to see how they have fared at the close of the
last trading session. They are: Cobalt International Energy Inc. (NYSE: CIE), Parsley Energy Inc. (NYSE: PE), Occidental
Petroleum Corp. (NYSE: OXY), and Callon Petroleum Co. (NYSE: CPE). According to a Reuters report, oil prices fell on Friday, March 31 st, 2017, as a higher US rig count signaled rising production from shale,
contributing to the global supply glut. Brent futures settled down 13 cents at $52.83 a barrel, and US crude futures CLc1 settled up slightly, rising 25 cents
to $50.60 a barrel after slipping below $50. Learn more about these
stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Cobalt
Last Friday at the close, shares in Houston, Texas headquartered Cobalt International Energy
Inc. ended 4.75% lower at $0.53. The stock recorded a trading volume of 13.26 million shares, which
was above its three months average volume of 8.06 million shares. The Company's shares are trading below their 50-day moving
average by 26.39%. Furthermore, shares of Cobalt International Energy, which through its subsidiaries, operates as an oil and gas
exploration and production company primarily in the deepwater US Gulf of Mexico, have a Relative Strength Index (RSI) of
49.42.
On March 14 th, 2017, Cobalt International Energy announced a net loss of
$1,872.9 million for Q4 2016, and a net loss of $2,343.3 million for
the year ending December 31 st, 2016. Included in the current quarter and full year
results is an impairment charge of $1,691.8 million, or $4.04 and
$4.11 per basic and diluted share, respectively, related to the Company's Angolan assets. Sign up
and read the free research report on CIE at:
http://stock-callers.com/registration/?symbol=CIE
Parsley
Austin, Texas headquartered Parsley Energy Inc.'s stock finished Friday's session 1.91%
higher at $32.51 with a total trading volume of 4.73 million shares. The Company's shares have
advanced 4.07% in the last one month. The stock is trading above its 50-day moving average by 0.30%. Additionally, shares of
Parsley Energy, which engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas
properties in the Permian Basin in West Texas and Southeastern New
Mexico, have an RSI of 56.24.
On March 23 rd, 2017, research firm UBS resumed its 'Buy' rating on the Company's
stock, while revising its previous target price from $45 a share to $42 a share. The complimentary research report on PE can be downloaded at:
http://stock-callers.com/registration/?symbol=PE
Occidental Petroleum
Shares in Houston, Texas headquartered Occidental Petroleum Corp. ended the session 1.42%
lower at $63.36. A total volume of 6.52 million shares was traded, which was above their three
months average volume of 5.19 million shares. The stock is trading below its 50-day moving average by 2.93%. Moreover, 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 45.43.
On March 15 th, 2017, research firm Bank of America/ Merrill upgraded the Company's
stock rating from 'Neutral' to 'Buy'. Register for free on Stock-Callers.com and access the latest report on OXY at:
http://stock-callers.com/registration/?symbol=OXY
Callon Petroleum
Natchez, Mississippi headquartered Callon Petroleum Co.'s shares recorded a trading volume of
6.06 million shares, above their three months average volume of 4.90 million shares. The stock closed 2.97% higher at
$13.16. The Company's shares have gained 4.69% in the past month. The stock is trading 2.01% below
its 50-day moving average. Additionally, 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 58.85.
On March 22 nd, 2017, Callon Petroleum announced that the Company will present at the
23rd Annual Oil & Gas Investment Symposium hosted by the Independent Petroleum Association of America
New York, NY on Monday, April 03 rd, 2017 at
9:15 am ET.
On March 23 rd, 2017, research firm UBS initiated a 'Buy' rating on the Company's
stock, with a target price of $16 per share. Get free access to your research report on CPE at:
http://stock-callers.com/registration/?symbol=CPE
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