NEW YORK, Feb. 5, 2018 /PRNewswire/ — WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on CPE, CNQ, XEC, and CLR which can be accessed for free by signing up to www.wallstequities.com/registration. CNBC reported that Goldman Sachs raised its 2018 oil price forecasts on February 01st, 2018, projecting Brent, the international benchmark for oil, to average $75 a barrel over the next three months, up from its previous target of $62. The report further noted that Goldman also raised its six- and 12-month forecasts to $82.50 and $75, respectively. Pre-market today, WallStEquities.com revisits the Independent Oil and Gas space to see how select stocks have fared over the previous trading sessions: Callon Petroleum Co. (NYSE: CPE), Canadian Natural Resources Ltd (NYSE: CNQ), Cimarex Energy Co. (NYSE: XEC), and Continental Resources Inc. (NYSE: CLR). All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration.
Last Friday at the close, shares in Natchez, Mississippi headquartered Callon Petroleum Co. ended 1.48% lower at $11.33. The stock recorded a trading volume of 11.69 million shares, which was above its three months average volume of 4.62 million shares. The Company’s shares are trading above its their 200-day moving average by 1.38%. Furthermore, shares of Callon Petroleum, which acquires, explores for, develops, and produces oil and natural gas properties in the Permian Basin in West Texas, have a Relative Strength Index (RSI) of 37.23.
On January 18th, 2018, Callon Petroleum announced plans to release its Q4 2017 results after market close on February 27th, 2018. The Company also plans to host a conference call on February 28th, 2018, at 9:00 a.m. ET to discuss its results. The conference call webcast may be accessed by selecting “IR Calendar” under the “Investors” section of the Company’s website.
On February 02nd, 2018, research firm Deutsche Bank initiated a ‘Buy’ rating on the Company’s stock, with a target price of $15 per share. Get the full research report on CPE for free by clicking below at: www.wallstequities.com/registration/?symbol=CPE
Canadian Natural Resources
Calgary, Canada headquartered Canadian Natural Resources Ltd’s stock finished Friday’s session 2.74% lower at $33.69. A total volume of 2.51 million shares was traded, which was above their three months average volume of 2.12 million shares. The Company’s shares have advanced 8.78% over the