Free Pre-Market Technical Pulse on Petroleo Brasileiro and Three More Oil & Gas Stocks
Stock Research Monitor: PGH, REI, and RSPP
LONDON, UK / ACCESSWIRE / May 15, 2018 / If you want a free Stock Review on PBR sign up now at www.wallstequities.com/registration. Today's research on WallStEquities.com is focused on the following Oil and Gas Drilling and Exploration stocks: Pengrowth Energy Corp. (NYSE: PGH), Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR), Ring Energy Inc. (NYSE AMER: REI), and RSP Permian Inc. (NYSE: RSPP). These companies are part of the upstream component of the Oil and Gas industry, which is involved in the search for underwater and underground natural gas fields, or crude oil fields, and the drilling of exploration wells and drilling into established wells to recover oil and gas. All you have to do is sign up today for this free limited time offer by clicking the link below.
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Pengrowth Energy
Calgary, Canada headquartered Pengrowth Energy Corp.'s stock finished Monday's session 0.43% higher at $0.82 with a total trading volume of 349,039 shares. The Company's shares have advanced 12.93% in the past month and 15.47% in the previous three months. The stock is trading 12.93% above its 50-day moving average and 3.14% above its 200-day moving average. Additionally, shares of Pengrowth Energy, which engages in the acquisition, exploration, development, and production of oil and natural gas assets in Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada, have a Relative Strength Index (RSI) of 54.35.
On May 01st, 2018, Pengrowth Energy announced its results for the three months ended March 31st, 2018. Average daily production for the quarter was 19,541 barrel of oil equivalent (boe) per day, net operating expenses were $18.3 million ($10.41 per boe), and cash G&A expenses were $8.9 million ($5.06 per boe). Funds flow from operations for Q1 2018 were $7.2 million, and net loss was $27.2 million. Get the full research report on PGH for free by clicking below at:
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Petroleo Brasileiro
On Monday, shares in Rio de Janeiro, Brazil headquartered Petroleo Brasileiro S.A. – Petrobras recorded a trading volume of 26.50 million shares, which was above their three months average volume of 15.71 million shares. The stock ended the session 2.84% higher at $16.65. The Company's shares have advanced 20.13% in the last month, 33.63% in the previous three months, and 62.60% over the past year. The stock is trading 17.52% above its 50-day moving average and 44.80% above its 200-day moving average. Moreover, shares of Petrobras, which operates in the oil, natural gas, and energy industries, have an RSI of 74.22.
On May 10th, 2018, research firm Bank of America/ Merrill upgraded the Company's stock rating from ‘Neutral' to ‘Buy'. Download our actionable research report on PBR at:
www.wallstequities.com/registration/?symbol=PBR
Ring Energy
Midland, Texas headquartered Ring Energy Inc.'s shares closed the day 4.80% lower at $15.68. The stock recorded a trading volume of 693,621 shares. The Company's shares have gained 5.87% in the last month, 3.57% over the previous three months, and 16.15% over the past year. The stock is trading 4.84% and 12.34% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Ring Energy, which acquires, explores for, develops, and produces oil and natural gas in Texas, the US, have an RSI of 47.99.
On May 08th, 2018, Ring Energy announced its results for Q1 ended March 31st, 2018. Oil and gas revenues for the quarter were $29,891,391; net income was $5,665,634; and lease operating expenses, including production taxes, were $14.00 per boe. Oil sales volume for Q1 2018 were 479,864 barrels, and cash provided by operating activities, before changes in working capital, was $19,168,262. Register for your free report coverage on REI at:
www.wallstequities.com/registration/?symbol=REI
RSP Permian
Shares in Dallas, Texas headquartered RSP Permian Inc. finished 0.83% lower at $47.78. The stock recorded a trading volume of 2.14 million shares. The Company's shares have advanced 1.34% in the last month, 36.71% in the previous three months, and 18.36% over the past year. The stock is trading above its 50-day and 200-day moving averages by 7.33% and 26.65%, respectively. Furthermore, shares of RSP Permian, which engages in the acquisition, exploration, exploitation, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas, have an RSI of 52.63.
On May 02nd, 2018, RSP Permian reported its results for Q1 2018. Production for Q1 2018 was 62.8 MBoe/d (72% oil, 87% liquids), net income was $89.6 million, and adjusted EBITDAX (non-GAAP) was $205.2 million. At March 31st, 2018, the Company had $453.1 million of borrowing capacity under its revolving credit facility and $33.9 million of cash on hand. Get the free research report on RSPP at:
www.wallstequities.com/registration/?symbol=RSPP
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