Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 May 20, 2013 - 7:56 AM EDT
Print Email Article Font Down Font Up Charts

Pre-Market Analysis on SD, MHR, RIG, and PSE Provides Stock Research on SandRidge Energy Inc., Magnum Hunter Resources Corp., Transocean Ltd., and Pioneer Southwest Energy Partners L.P.

New York City, New York -- (May 20, 2013)

According to the International Energy Agency (IEA), a significant increase in North American oil production has created a supply shock in the global oil market. The major reason behind the increase in North American oil production is the shale boom in the U.S. Last week, the IEA, which last year said that the U.S. will overtake Saudi Arabia as the world’s largest producer of oil due to the shale revolution, said in a report that the shale oil and gas boom in the U.S. will result in oil companies overhauling their global investment strategies. Oil & gas stocks ended mostly higher in trading on Friday, tracking gains in the broad market which rallied following some upbeat economic data. Among the major movers were SandRidge Energy Inc. (NYSE: SD), Magnum Hunter Resources Corp (NYSE: MHR), Transocean Ltd. (NYSE: RIG), and Pioneer Southwest Energy Partners LP (NYSE: PSE). StockCall has posted free technicalresearch on SD, MHR, RIG, and PSE which can be downloaded upon sign up at

SandRidge Energy Inc.’s stock is down 16.05 percent on a YTD basis despite its 0.97 percent gain in the previous trading session. The stock closed at $5.23 after trading in the range of $5.17 and $5.27. The stock shows bullish streak and may touch $5.43 level. Its second resistance level is at $5.62. It traded 3.84 million shares during the session, down from its average trading volume of 7.04 million. SandRidge Energy lost 13.98 percent in the past 52 weeks and oscillated between $4.52 and $7.80 during the same time period. It is currently trading above its short-term moving average price of $5.09. Sign up and read the complimentary report on SD at

Magnum Hunter Resources Corp closed its Friday’s trading session at $3.32, down 1.48 percent from its previous close. The stock shows a neutral trend and it is currently marginally below its short-term and long-term moving average price of $3.32. It is likely to face a minor pullback in the coming trading sessions and may find support at $3.22. Upon breaching this level, it may go down to $2.73 level. Magnum Hunter’s shares traded on volume 3.93 million during the session, and the stock oscillated in the range of $3.29 and $3.43. The stock has declined 12.86 percent in the past 52 weeks. The company commands market capitalization of $559.85 million. The free report on MHR can be downloaded by signing up now at

Transocean Ltd. is currently trading above its 20-day and 50-day moving average price, and the stock is in a bullish mode. However, it also ended its latest trading session 1.28 percent lower at $54.03. Transocean exchanged 8.43 million shares during Friday’s session. The stock has outperformed the broader markets and has gained 22.24 percent so far this year. However, it is likely to go up to $54.63 in the coming sessions. Its second resistance level is at $55.90. The company commands market capitalization of $17.42 billion, and its stock is mildly volatile with beta of 1.20. Free report on RIG can be accessed by registering at

Pioneer Southwest Energy Partners LP is currently trading in overbought territory with its Relative Strength Index at 83.86. Consequently, the stock may see some pullback in the coming sessions. It closed its Friday’s session at $33.09, up 2.04 percent. The stock is currently in a bullish mode and may touch $33.52 level in the coming days. Upon breaching this level, the stock’s next support price is at $33.74. Pioneer Southwest Energy’s stock has low volatility with its beta at 0.51. So far in 2013, the stock appreciated 49.53 percent.Register withStockCall and download the research on PSE for free at

About is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at

Contact Person:

William T. Knight


Contact Number: (646) 396-9857 (9:00 am EST – 01:30 pm EST)

Source: Accesswire IA (May 20, 2013 - 7:56 AM EDT)

News by QuoteMedia