NEW YORK, July 27, 2016 /PRNewswire/ --

Uncertainty lingers in the Independent Oil and Gas space as the oil glut continues to drive prices down. Stock-Callers.com looks at this morning's featured equities to see how their recent performances have been affected by the persisting declines: Laredo Petroleum Inc. (NYSE: LPI), Noble Energy Inc. (NYSE: NBL), Murphy Oil Corp. (NYSE: MUR), and SM Energy Co. (NYSE: SM). Learn more about these stocks by accessing their freenotes at:

http://stock-callers.com/registration

Laredo Petroleum 

Tulsa, Oklahoma headquartered Laredo Petroleum Inc.'s stock finished Tuesday's session 5.45% higher at $10.07 with a total volume of 3.23 million shares traded. The Company's shares have advanced 26.03% on an YTD basis. The stock is trading above its 200-day moving average by 4.43%. Furthermore, shares of Laredo Petroleum, which focuses on the acquisition, exploration, and development of oil and natural gas properties, as well as the transportation of oil and natural gas primarily in the Permian Basin in West Texas, have a Relative Strength Index (RSI) of 43.72.

On July 14th, 2016 Laredo Petroleum announced that it has signed a purchase and sale agreement for additional acreage within the Company's existing footprint in the Midland Basin for $125 million, subject to customary closing price adjustments. The acquisition secures additional rights to the Spraberry interval, enables the drilling of additional 10,000-foot or longer locations, facilitates the new Western Glasscock production corridor and increases the Company's working interest in current leasehold in western Glasscock and Reagan counties, Texas. The acquisition adds approximately 9,200 net acres, of which approximately 6,300 are in the Spraberry interval and approximately 2,900 net acres are in the Spraberry, Upper, Middle and Lower Wolfcamp, Canyon and Cline zones. The purchase includes approximately 300 net barrels of oil equivalent per day of Laredo-operated production from existing vertical wells through increased working interest in the wells. LPI complete notes are just a click away at:

http://stock-callers.com/registration/?symbol=LPI Noble Energy 

On Tuesday, shares in Houston, Texas headquartered Noble Energy Inc. ended the session at $34.91, up 1.19%. The stock recorded a trading volume of 2.51 million shares. The Company's shares have gained 6.64% since the start of this year. The stock is trading 3.59% above its 200-day moving average. Moreover, shares of Noble Energy, which engages in the acquisition, exploration, and production of crude oil, natural gas, and natural gas liquids worldwide, have an RSI of 42.31.

On July 05th, 2016, Noble Energy, announced that it has signed a definitive agreement to divest a 3% working interest in the Tamar field, offshore Israel, to the Harel Group in partnership with Israel Infrastructure Fund, Israel's largest infrastructure private equity fund. The transaction value of $369 million is based upon a gross pre-tax Tamar valuation of approximately $12 billion and is subject to purchase price adjustments between January 1st, 2016 and the closing date. Closing for the transaction is anticipated in the third quarter of 2016, subject to customary terms and conditions, with after-tax proceeds received expected to be approximately $275 million.

On July 07th, 2016, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. The complimentary notes on NBL can be accessed at: http://stock-callers.com/registration/?symbol=NBL Murphy Oil 

El Dorado, Arkansas headquartered Murphy Oil Corp.'s stock ended yesterday's session 1.87% higher at $28.85 and with a total volume of 2.52 million shares traded. The Company's shares have advanced 32.78% on an YTD basis. The stock is trading 12.08% above its 200-day moving average. Additionally, shares of Murphy Oil, which operates as an oil and gas exploration and production company worldwide, have an RSI of 42.00.

On July 13th, 2016, Murphy Oil announced that it will release its second quarter 2016 earnings after market close on July 27th, 2016. The company has also scheduled its webcast and conference call at 1:00 p.m. Eastern Time, on July 28th, 2016. Sign up for your complimentary notes on MUR at:

http://stock-callers.com/registration/?symbol=MUR SM Energy 

At the close, shares in Denver, Colorado headquartered SM Energy Co. recorded a trading volume of 2.83 million shares. The stock finished 4.99% higher at $26.32. The Company's shares have surged 34.14% since the start of this year. The stock is trading above its 200-day moving average by 9.27%. Furthermore, shares of SM Energy, which engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America, have an RSI of 47.13.

On July 18th, 2016, SM Energy announced that it will release its second quarter 2016 earnings and operating results after the close of trading on August 2nd, 2016. The Company will host a conference call and webcast to discuss results on August 3rd, 2016, at 8:00 a.m. Mountain time (10:00 a.m. Eastern time).

Get free access to your notes on SM at:

http://stock-callers.com/registration/?symbol=SM

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. RohitTuli, a CFA(R) charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer

        
         
        CONTACT 
        For any questions, inquiries, or comments reach out to us directly. If you're a company
         we are covering and wish to no longer feature on our coverage list contact us via
         email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: 
        Email: info@stock-callers.com 
        Phone number: +44 330 808 3765 
        Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2
         1BP 

 

CFA(R) and Chartered Financial Analyst(R) are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA