Morning Technical Breakdown Highlights on Independent Oil and Gas Stocks

LONDON, UK / ACCESSWIRE / May 31, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Denbury Resources, Devon Energy, WPX Energy, and Oasis Petroleum.

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Oil hit a benchmark last Thursday, May 26, 2016, touching $50 a barrel in intraday trading, which was the first time since November 2015. This presents a long-term upside that investors might want to consider. Let us see how this is affecting some of the big names in the industry. Sign up now and access the free technical alerts on these companies at:

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ActiveWallSt.com takes a look on how well these stocks performed at the close on Friday, May 27, 2016:

Denbury Resources Inc. (NYSE: DNR)

Shares in Texas-based independent oil and natural gas Company, Denbury Resources Inc., ended at $3.93, which was a correction of 2.72%. The stock recorded a trading volume of 9.22 million shares. The Company’s shares have surged 207.03% in the previous three months and 94.55% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 19.18% and 38.95%, respectively. Furthermore, shares of Denbury Resources have a Relative Strength Index (RSI) of 53.99.

Devon Energy Corp. (NYSE: DVN)

Devon Energy Corp. largely engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the U.S. and Canada. The Company’s stock finished last Friday’s session flat at $35.90 with a total volume of 5.38 million shares traded. The Company’s shares have advanced 84.39% over the previous three months and 13.40% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 14.78% and 6.41%, respectively. Additionally, shares of Devon Energy have an RSI of 64.25. On May 19th, 2016, research firm Johnson Rice upgraded the stock’s ratings from ‘Hold’ to ‘Accumulate’.

WPX Energy Inc. (NYSE: WPX)

Shares in Oklahoma-based independent oil and natural gas exploration and production Company, WPX Energy Inc., ended the session 1.76% higher at $10.39 and with a total volume of 7.19 million shares traded. The stock has gained 8.46% in the past month, 152.80% in the previous three months, and 81.01% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 28.06% and 50.18%, respectively. Moreover, WPX Energy’s stock has an RSI of 69.73. On May 09th, 2016, research firm Imperial Markets reiterated its ‘Outperform’ rating with an increase of the target price to $11 a share from $8.75 a share for the Company’s stock.

Oasis Petroleum Inc. (NYSE: OAS)

Houston, Texas- based independent exploration and production Company, Oasis Petroleum Inc.’s stock recorded a trading volume of 8.06 million shares, and closed the day 3.30% lower at $9.97. The Company’s shares have gained 1.63% in the past month, 84.97% over the previous three months, and 35.28% since the start of this year. The stock is trading 14.08% above its 50-day moving average and 13.76% above its 200-day moving average. Additionally, shares of Oasis Petroleum have an RSI of 58.84. On May 11th, 2016, research firm Wunderlich reiterated its ‘Hold’ rating with an increase of the target price to $8 a share from $4 a share for the Company’s stock. OAS free trade alert is just a click away at:

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