Technical Roundup on Oil & Gas Stocks -- Triangle Petroleum, Pioneer Natural Resources, EXCO Resources, and Diamondback Energy
NEW YORK, February 23, 2017 /PRNewswire/ --
These four Independent Oil and Gas companies have been lined up by Stock-Callers.com for evaluation this morning: Triangle Petroleum Corp. (NYSE MKT: TPLM), Pioneer Natural Resources Co. (NYSE: PXD), EXCO Resources Inc. (NYSE: XCO), and Diamondback Energy Inc. (NASDAQ: FANG). According to Citi analysts, oil prices are not likely to stray far from their current $53 to $58 per barrel range in the near term as record investor net length and bearish inventory data will likely cap prices until more tangible evidence of a tighter market emerges. However, as supply and demand levels continue to rebalance, crude is likely to reach $70 per barrel by the end of 2017, according to the bank. Sign up today and download for free the research reports for the stocks covered today at:
http://stock-callers.com/registration
Triangle Petroleum
Denver, Colorado headquartered Triangle Petroleum Corp.'s stock finished Wednesday's session 1.48% lower at $0.27 with a total trading volume of 473,691 shares. Over the last month and the previous three months, the Company's shares have advanced 4.31% and 8.09%, respectively. Additionally, the stock has gained 12.71% since the start of this year. Shares of the Company are trading below their 200-day moving average by 2.95%. Moreover, shares of Triangle Petroleum, which engages in the exploration, development, and production of oil and natural gas properties in the US, have a Relative Strength Index (RSI) of 43.33. TPLM complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=TPLM
Pioneer Natural Resources
Shares in Irving, Texas headquartered Pioneer Natural Resources Co. declined 2.86%, ending yesterday's session at $188.13. A total volume of 2.13 million shares was traded, which was above their three months average volume of 1.70 million shares. The stock has gained 2.86% in the past month, 5.58% in the previous three months, and 4.48% on an YTD basis. The Company's shares are trading 1.49% above their 50-day moving average and 7.60% above their 200-day moving average. Moreover, shares of Pioneer Natural Resources, which operates as an independent oil and gas exploration and production company in the US, have an RSI of 50.47.
On February 07th, 2017, Pioneer Natural Resources announced that the Company added proved reserves totaling 205 million barrels oil equivalent (MMBOE) during full year 2016 from discoveries, extensions and technical revisions of previous estimates. These drillbit proved reserve additions equate to a drillbit reserve replacement of 232% of Pioneer's full-year 2016 production of 88 MMBOE, which includes production used for field fuel of 2.5 MMBOE.
On February 08th, 2017, research firm Societe Generale upgraded the Company's stock rating from 'Hold' to 'Buy'. The complimentary report on PXD can be downloaded at:
http://stock-callers.com/registration/?symbol=PXD
EXCO Resources
On Wednesday, Dallas, Texas-based EXCO Resources Inc.'s stock saw a drop of 5.66%, to close the day at $0.61. A total volume of 2.12 million shares was traded, which was above their three months average volume of 1.83 million shares. The Company's shares are trading 27.16% below their 50-day moving average. Additionally, shares of EXCO Resources, which engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the US, have an RSI of 30.17.
On January 20th, 2017, EXCO Resources announced that on January 16th, 2017, EXCO was notified by the NYSE of its noncompliance with continued listing standards because the average closing price of its common shares over a period of 30 consecutive trading days had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE. Sign up for your complimentary report on XCO at:
http://stock-callers.com/registration/?symbol=XCO
Diamondback Energy
Shares in Midland, Texas headquartered Diamondback Energy Inc. ended the day 4.50% lower at $102.03. A total volume of 2.25 million shares was traded, which was above their three months average volume of 1.57 million shares. The stock has gained 5.08% in the previous three months and 0.96% since the start of this year. The Company's shares are trading above their 200-day moving average by 6.29%. Furthermore, shares of Diamondback Energy, which focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas, have an RSI of 44.76.
On February 14th, 2017, Diamondback reported that Q4 2016 production was 51.9 Mboe/d, up 38% y-o-y from 37.6 Mboe/d in Q4 2015. Diamondback's Q4 2016 net income was $26 million, or $0.32 per diluted share. Adjusted net income was $72 million, or $0.90 per share. Diamondback's cash operating costs for Q4 2016 were $8.48 per boe, including lease operating expenses of $4.89 per boe and cash general and administrative expenses of $0.92 per boe. Download the research report for free on FANG at:
http://stock-callers.com/registration/?symbol=FANG
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