NEW YORK, June 13, 2017 /PRNewswire/ --
Today, DailyStockTracker.com reviews four Independent Oil and Gas stocks to see how current oil prices and market conditions
have influenced their most recent performances: Denbury Resources Inc. (NYSE: DNR), Cabot Oil & Gas Corp. (NYSE: COG), WPX
Energy Inc. (NYSE: WPX), and Murphy Oil Corp. (NYSE: MUR). According to a report on MarketWatch, investors are looking forward to
the release of a slew of data this week, such as the International Energy Agency's report on Wednesday, which includes figures on
the state of OECD stocks. The data will give traders a better picture of whether a global rebalancing is taking place in the oil
market. Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:http://dailystocktracker.com/register/
Denbury Resources
On Monday, shares in Plano, Texas headquartered Denbury Resources Inc. ("DNR") recorded a
trading volume of 7.61 million shares, which was higher than their three months average volume of 7.54 million shares. The stock
ended the day at $1.54, rising 5.48% from the last trading session. The Company's shares are
trading below their 50-day moving average by 23.60%. Furthermore, shares of Denbury Resources, which operates as an independent
oil and natural gas company in the US, have a Relative Strength Index (RSI) of 41.46.
On May 30 th, 2017, DNR announced that it has entered into a definitive agreement with
certain subsidiaries of Linn Energy, Inc. to acquire their 23% non-operated working interest in Salt Creek Field in Wyoming for $71.5 million. The acquisition is expected to close in late June
and is subject to satisfactory completion of due diligence reviews and customary closing conditions. Sign up and read the
free research report on DNR at:http://dailystocktracker.com/registration/?symbol=DNR
Cabot Oil & Gas
Houston, Texas headquartered Cabot Oil & Gas Corp.'s stock saw a slight decline of 0.44%,
finishing yesterday's session at $22.78 with a total trading volume of 5.91 million shares. The
Company's shares are trading below their 200-day moving average by 1.77%. Shares of the Company, which develops, exploits,
explores for, produces, and markets natural gas, oil, and natural gas liquids in the US, have an RSI of 47.49.
On June 06 th, 2017, research firm Macquarie upgraded the Company's stock rating from
'Neutral' to 'Outperform'. The complimentary research report on COG can be downloaded at: http://dailystocktracker.com/registration/?symbol=COG
WPX Energy
Shares in Tulsa, Oklahoma headquartered WPX Energy Inc. ended the session 1.29% lower at
$9.94. The stock recorded a trading volume of 9.99 million shares, which was above its three months
average volume of 7.56 million shares. The Company's shares are trading 17.61% below their 50-day moving average. Moreover,
shares of WPX Energy, which engages in the exploitation and development of unconventional properties in the US, have an RSI of
32.35.
On May 18 th, 2017, WPX Energy's board of directors has approved a quarterly
dividend of $0.78125 per share to holders of the Company's 6.25 percent Series A Mandatory
Convertible Preferred Stock. The dividend is payable as of July 31 st, 2017, to holders
of record of the Company's preferred stock on July 14 th, 2017.
On June 02 nd, 2017, research firm Credit Suisse initiated an 'Outperform' rating on the
Company's stock, with a target price of $18 per share. Register for free on DailyStockTracker.com
and access the latest report on WPX at:http://dailystocktracker.com/registration/?symbol=WPX
Murphy Oil
At the closing bell on Monday, El Dorado, Arkansas headquartered Murphy Oil Corp.'s stock
climbed 1.51%, finishing at $25.59. A total volume of 3.52 million shares was traded, which was
above their three months average volume of 2.75 million shares. The Company's shares are trading 3.49% below their 50-day moving
average. Additionally, shares of Murphy Oil, which operates as an oil and gas exploration and production company worldwide, have
an RSI of 49.70.
On May 24 th, 2017, research firm KLR Group initiated a 'Buy' rating on the Company's
stock, with a target price of $41 per share. Get free access to your research report on MUR
at:http://dailystocktracker.com/registration/?symbol=MUR
--
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.
SOURCE Chelmsford Park SA