Technical Study: Apache, Ultra Petroleum, Range Resources, and Endeavour Intl.
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LONDON, June 21, 2013
LONDON, June 21, 2013 /PRNewswire/ --
On Thursday, June 20, 2013, shares in U.S. independent oil and gas companies
fell sharply, tracking losses in the broader market. The major movers included
Apache Corporation (NYSE: APA), Ultra Petroleum Corp. (NYSE: UPL), Range
Resources Corp. (NYSE: RRC), and Endeavour International Corporation (NYSE:
END). AAAResearchReports.com free coverage on APA, UPL, RRC, and END is
available upon registration at
Shares in Apache Corporation fell on Thursday, tracking losses in the broader
market. The company's shares ended the day 1.89% lower at $84.93 after trading
between $84.20 and $85.85. A total of 4.89 million shares were traded during
the session, which is above the daily average volume of 3.98 million. Apache's
shares have gained 12.68% in the last three months, hence outperforming the
S&P 500. Additionally, the stock's 52-week high is at $94.87. The company's
shares are currently trading above their 50-day and 200-day moving averages.
Download free technical research on APA by signing up at:
Ultra Petroleum Corp.'s stock was one of the worst performers in the oil and
gas sector yesterday. The company's shares traded between $20.44 and $21.45
before closing the day at $20.55, down 5.43%, on a trading volume of 3.12
million shares. Yesterday's volume was slightly above the daily average volume
of 3.10 million. Ultra Petroleum's shares are still up more than 1.50% in the
last three months, despite the sharp decline in Thursday's session.
Additionally, the stock slipped below its 50-day moving average as a result of
Thursday's sell-off. Register now and get access to free analysis on UPL at:
Shares in Range Resources Corp. experienced a sharp decline on Thursday,
reversing some of their gains for the week. The company's shares hit an
intraday low of $75.99 before closing the day 2.17% lower at $77.52. A total
of 2.40 million shares were traded during the session, which is above the
daily average volume of 1.36 million. However, despite the decline, Range
Resources' shares are up over 5.60% for the week. Moreover, the stock is
trading below its 50-day average but is still above its 200-day moving
average. Sign up and read our complimentary report on RRC at:
Endeavour International Corporation's stock plunged yesterday as the broader
market saw a sell-off. The company's shares traded between $3.36 and $3.60
before finishing the day 7.38% lower at $3.39. A total of 423,064 shares were
exchanged, which is below the daily average volume of 550,926. Endeavour's
shares are still up by 0.59% in the last three trading sessions, despite
Thursday's pullback. The free report on END can be downloaded by signing up
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