Wall Street Fundamentals Releases New In-Depth Stock Reports on QEP, SD, UPL and XCO
Natural gas prices fell nearly 3.0 percent Monday as forecasts for warmer weather across the Midwest and Eastern U.S. has raised demand concerns. On Monday, the United States Natural Gas Fund, LP (NYSEARCA: UNG) dropped 3.91 percent. "We are so well supplied here, that these forecasts are really weighing on the market at the start of the week," said Matt Smith, a Schneider Electric analyst. The U.S. Energy Information Administration weekly report showed that natural gas in storage increased by 87 billion cubic feet for the week ended October 18th, which was above forecasts of a 79 billion cubic feet increase.
QEP Resources Inc. (NYSE: QEP) shares traded in the range of $32.83 to $33.20 Monday before settling to close at $32.92, a decrease of 0.66 percent. The stock appears to be facing some resistance at $33.36 with some support at the $32.74 and $31.45 levels. Shares of QEP Resources have gained approximately 8.0 percent in 2013.
More information on QEP Resources and access to the free equity report can be found at:
SandRidge Energy Inc. (NYSE: SD) shares traded in the range of $6.40 to $6.56 Monday before settling to close at $6.52, an increase of 0.93 percent. The stock appears to be facing some resistance at the $6.54 and $6.90 levels with some support at $6.39. Shares of SandRidge Energy have gained approximately 3.0 percent in 2013.
More information on SandRidge Energy and access to the free equity report can be found at:
Ultra Petroleum Corp. (NYSE: UPL) shares traded in the range of $19.00 to $19.70 Monday before settling to close at $19.10, a decrease of 3.34 percent. The stock appears to be facing some resistance at the $19.77, $20.33 and $20.68 levels. Shares of Ultra Petroleum have gained approximately 5.0 percent in 2013.
More information on Ultra Petroleum and access to the free equity report can be found at:
EXCO Resources Inc. (NYSE: XCO) shares traded in the range of $6.57 to $6.78 Monday before settling to close at $6.61, a decrease of 2.65 percent. The stock appears to be facing some resistance at the $6.68 and $6.80 levels with some support at $6.54. Shares of EXCO Resources have fallen approximately 2.0 percent in 2013.
More information on EXCO Resources and access to the free equity report can be found at:
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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.
Wall Street Fundamentals
Source: Accesswire IA
(October 29, 2013 - 9:03 AM EDT)
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