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 May 17, 2013 - 8:28 AM EDT
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Before the Bell Scans of UPL, APA, RRC, and END Provides Stock Research on Ultra Petroleum Corp., Apache Corp., Range Resources Corp., and Endeavour Intl. Corp.

New York City, New York -- (May 17, 2013)

The shale boom in the U.S. has created significant opportunities for the oil and gas industry. In a recent report, the International Energy Agency (IEA) noted that the shale revolution has created a supply shock in the global market. The IEA, meanwhile, noted that demand for oil and gas will continue to be driven by emerging economies. However, with the Chinese economy showing signs of slowdown, the oil and gas industry can expect a challenging year ahead. Oil and gas stocks struggled in Thursday’s trading session as the broad market fell following the release of some disappointing economic data in the U.S. Among the major movers were Ultra Petroleum Corp. (NYSE: UPL), Apache Corporation (NYSE: APA), Range Resources Corp. (NYSE: RRC), and Endeavour International Corporation (NYSE: END). StockCall has taken an interest in these companies and you can now sign up to download the free technical research on UPL, APA, RRC, and END at

Shares of Ultra Petroleum Corp. edged higher yesterday, extending their gains from previous trading sessions. The stock closed 1.56% higher at $22.08 on above average volume of 6.97 million, taking its gains in the last three sessions to 5.9%. The company’s shares have seen a series of highs over the past week which indicates that market sentiment is bullish on the stock. The stock’s MACD has crossed above the signal line recently which further confirms the upbeat trend. Sign up today to read the free research report on UPL at

Shares of Apache Corporation struggled in Thursday’s session. The stock traded between $80.88 and $81.94 before finishing the day 1.22% lower at $80.89 on volume of 3.03 million. Apache’s shares have now fallen nearly 2.90% in the last three trading sessions. The stock has seen a pullback this week after seeing a series of highs in the previous two weeks. Shares of APA currently have support at around $80. The stock is currently trading above its 50-day and 200-day moving averages. Register to download the free technical analysis on APA at

Another major loser in the oil and gas sector yesterday was Range Resources Corp. Shares of the Fort Worth, Texas-based company fell 1.15% to finish the day $74.86 on volume of 666,644. The company’s shares have had an excellent run thus far in 2013, gaining 19.20% as compared to a gain of over 15.70% for the S&P 500. Despite the gains, the stock is still trading nearly 10% below its 52-week high. Shares of RRC are also trading below their 50-day moving average. Free report on RRC can be accessed by registering at

Shares of Endeavour International Corporation fell sharply in Thursday’s trading session. The stock traded between $2.96 and $3.14 before finishing the day 2.89% lower at $3.02 on volume of 242,843. Despite the sharp decline yesterday, Endeavour International’s shares have gained more than 6.30% in the last three sessions. The stock has traded in a very tight range over the past month, struggling to break through $3.10 resistance level. Year-to-date, the company’s shares have fallen 41.70% even as the broad market has rallied. The stock is currently trading nearly 71.90% below its 52-week high.Register withStockCall and download the research on END for free at

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Source: Accesswire IA (May 17, 2013 - 8:28 AM EDT)

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