June 19, 2018 - 7:25 AM EDT
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Northern Oil and Gas and Three Additional Stocks Under Scanner in the Basic Materials Space

Stock Research Monitor: OBE, PTEN, and SOI

LONDON, UK / ACCESSWIRE / June 19, 2018/ If you want a free Stock Review on NOG sign up now at www.wallstequities.com/registration. WallStEquities.com turns investors' attention to the Basic Materials sector, which consists of companies that are engaged in the extraction and primary refinement of chemicals, metals, nonmetallic and construction materials; forest, wood, and paper products; and containers and packaging products. In this morning's lineup are the following four equities: Northern Oil and Gas Inc. (NYSE AMER: NOG), Obsidian Energy Ltd (NYSE: OBE), Patterson-UTI Energy Inc. (NASDAQ: PTEN), and Solaris Oilfield Infrastructure Inc. (NYSE: SOI). All you have to do is sign up today for this free limited time offer by clicking the link below.


Northern Oil and Gas

On Monday, shares in Minnetonka, Minnesota-based Northern Oil and Gas Inc. recorded a trading volume of 3.54 million shares, which was above their three months average volume of 3.49 million shares. The stock ended at $2.82, rising 1.44% from the last trading session. The Company's shares have gained 17.50% in the last month, 22.61% over the previous three months, and 70.91% over the past year. The stock is trading above its 50-day and 200-day moving averages by 30.16% and 64.92%, respectively. Furthermore, shares of the Company, which engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the US, have a Relative Strength Index (RSI) of 63.21.

On May 30th, 2018, research firm Northland Capital initiated an 'Outperform' rating on the Company's stock, with a target price of $4 per share.

On June 05th, 2018, Northern Oil and Gas announced that Roy "Ernie" Easley, Senior Vice President – Exploration and Development of CH4 Energy, has been appointed to its Board of Directors. Get the full research report on NOG for free by clicking below at:


Obsidian Energy

Calgary, Canada headquartered Obsidian Energy Ltd's stock finished yesterday's session 1.82% higher at $1.12. A total volume of 1.98 million shares was traded, which was above their three months average volume of 1.30 million shares. The Company's shares have gained 22.32% over the previous three months. The stock is trading above its 200-day moving average by 1.75%. Furthermore, shares of Obsidian Energy, which explores for, develops, and produces oil and natural gas in western Canada, have an RSI of 46.43.

On June 04th, 2018, Obsidian Energy announced an additional $50 million of 2018 Cardium development capital, following up on the Company's recent success in the Willesden Green play fairway. The development capital increase includes 13 wells in the eastern part of Willesden Green, both inside the unit and along the halo flank of the area. Get access to our top-rated research, including the free report on OBE at:


Patterson-UTI Energy

At the close of trading on Monday, shares in Houston, Texas headquartered Patterson-UTI Energy Inc. saw a slight decline of 0.67%, ending the day at $17.78. The stock recorded a trading volume of 3.48 million shares. The Company's shares are trading 13.02% below their 200-day moving average. Moreover, shares of Patterson-UTI Energy, which through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the US and Canada, have an RSI of 29.71.

On June 05th, 2018, Patterson-UTI Energy reported that for the month of May 2018, the Company had an average of 176 drilling rigs operating. For the two months ended May 31st, 2018, the Company had an average of 175 drilling rigs operating. Click here to subscribe for a free membership which welcomes you with our report on PTEN at:


Solaris Oilfield Infrastructure

Houston, Texas-based Solaris Oilfield Infrastructure Inc.'s shares ended the day 6.04% lower at $14.93. A total volume of 805,910 shares was traded, which was above their three months average volume of 615,760 shares. The stock has gained 32.71% over the past year. The Company's shares are trading 12.40% below their 50-day moving average. Additionally, shares of the Company, which manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the US, have an RSI of 38.18.

On May 23rd, 2018, Solaris Oilfield Infrastructure announced that it will issue its Q2 2018 earnings release on August 02nd, 2018. The Company will host a conference call at 8:30 a.m. ET that same day to discuss its results. A live webcast of the call will be available under the Investor Relations section of the Company's website. Join our big investor community at Wall St. Equities today and get your free report on SOI at:


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Source: ACCESSWIRE Investor Awareness (June 19, 2018 - 7:25 AM EDT)

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