Today's Research on Apache, Ultra Petroleum, Range Resources, and Endeavour Intl.

 Today's Research on Apache, Ultra Petroleum, Range Resources, and Endeavour

PR Newswire

LONDON, April 15, 2013

LONDON, April 15, 2013 /PRNewswire/ --

The oil & gas industry has been increasing capital expenditure as it looks for
new oil and gas fields to boost production amid growing demand for energy from
countries such as China and India. The shale oil and gas boom in the U.S. has
enabled several companies to boost production. In fact, the U.S. is expected
to overtake Saudi Arabia in the next few years as the world's largest oil
producer, thanks to shale boom. For companies such as Apache Corporation
(NYSE: APA), Ultra Petroleum Corp. (NYSE: UPL), Range Resources Corp. (NYSE:
RRC), and Endeavour International Corporation (NYSE: END), the shale
revolution offers significant opportunities. Last Friday, oil and gas stocks
ended mostly lower as the broad market struggled following the release of some
weak economic data. StockCall professionals have completed their technical
analysis on APA, UPL, RRC, and END and these free reports are accessible by
registering at

Shares of Apache Corporation edged lower on Friday. The stock closed 1.87%
lower at $75.09 on above average volume of 3.67 million. Apache's shares have
traded sideways in the last few weeks, struggling to break through $77
resistance level. The stock currently has strong support at around $74. Shares
of APA are currently trading well below their 50-day and 200-day moving
averages, which is a bearish signal. The stock's MACD is also trading below
the signal line, which further confirms the downbeat trend. Sign up for the
free technical research on APA at

Shares of Ultra Petroleum Corp. edged higher in Friday's trading session,
extending its gains for the week. The stock closed 0.51% higher at $21.83 on
volume of 3.77 million, taking its gains in the last three trading sessions to
over 7.30%. Ultra Petroleum's shares have seen a series of highs in the last
few sessions, which is a bullish signal. The stock's MACD has also crossed
above the signal line, and is also trading above the zero-line, which further
confirms the upbeat trend. The company's shares are also trading above their
50-day and 200-day moving averages. Be sure to read our latest technical
research on UPL by registering at

Shares of Range Resources Corp. fell sharply in trading on Friday. The stock
ended the day 1.72% lower at $78.91 on volume of 1.13 million. The company's
shares are currently facing stiff resistance at around $82. The stock is
currently trading more than 5% below its 52-week high. Shares of RRC have had
an excellent run thus far in 2013, gaining more than 25%, compared to a gain
of more than 11.40% for the S&P 500. Sign up and read the complimentary report
on RRC at

Endeavour International Corporation's shares were among the major losers in
the oil and gas sector on Friday. The stock closed 5.41% lower at $2.80 on
volume of 346,500 after touching an intra-day low of $2.77. Endeavour's shares
are currently trading close to their 52-week low of $2.77. The stock has
fallen nearly 46% so far this year, even as the broad market rallied. It is
also trading well below its 50-day and 200-day moving averages. The free
report on END can be downloaded by signing up now at

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