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 August 29, 2013 - 9:03 AM EDT
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Wall Street Fundamentals Releases New In-Depth Stock Reports on GDP, NFX, PQ and SGY

On Wednesday, oil prices continued to surge on concerns that that U.S. would strike against Syria. Benchmark oil for October delivery closed at $110.10 a barrel on the New York Mercantile Exchange, the highest in over two years. Since falling to its 2013 low of $86.68 on April 17th, oil preices have rallied approximately 27 percent. "The market is very concerned that if the US did carry out a missile strike or some kind of military action that it could pull in Iraq and other neighboring states in the Middle East," said Dan Heckman, national investment strategist at U.S. Bank Wealth Management.

Goodrich Petroleum Corporation (NYSE: GDP) shares traded in the range of $20.76 to $21.59 Wednesday before settling to close at $21.20, an increase of 1.78 percent. The stock appears to be facing some resistance at the $23.16 and $25.51 levels with some support at $21.17. Shares of Goodrich Petroleum have gained approximately 125.0 percent year-to-date.

More information on Goodrich Petroleum and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GDP

Newfield Exploration Co. (NYSE: NFX) shares traded in the range of $23.46 to $24.38 Wednesday before settling to close at $23.98, an increase of 2.39 percent. The stock appears to be facing some resistance at the $24.40 and $24.91 levels with some support at $23.70. Shares of Newfield Exploration have fallen approximately 10.0 percent year-to-date.

More information on Newfield Exploration and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NFX

Petroquest Energy Inc. (NYSE: PQ) shares traded in the range of $4.14 to $4.35 Wednesday before settling to close at $4.28, an increase of 2.15 percent. The stock appears to be facing some resistance at the $4.28 and $4.34 levels with some support at $4.15. Shares of Petroquest Energy have fallen approximately 13.5 percent year-to-date.

More information on Petroquest Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PQ

Stone Energy Corporation (NYSE: SGY) shares traded in the range of $28.02 to $29.05 Wednesday before settling to close at $28.71, an increase of 2.90 percent. The stock appears to be facing some resistance at the $29.00 and $29.52 levels with some support at $27.88. Shares of Stone Energy have gained approximately 40.0 percent year-to-date.

More information on Stone Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SGY

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com


Source: Accesswire IA (August 29, 2013 - 9:03 AM EDT)

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