Early Morning Insight: Denbury Resources Inc., WPX Energy Inc., Continental
Resources Inc., and Cobalt Intl. Energy Inc.
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LONDON, November 12, 2013
LONDON, November 12, 2013 /PRNewswire/ --
On Monday, November 11, 2013, all three indexes of the US equity market posted
gains. The S&P 500 ended the day at 1,771.89, up 0.07%; the Dow Jones
Industrial Average closed at 15,783.10, up 0.14%; and the NASDAQ Composite
finished at 3,919.79, up 0.01%. Shares in the independent oil and gas industry
mostly ended on a lower note, even as the broader market edged higher. The
major movers in the industry included Denbury Resources Inc. (NYSE: DNR), WPX
Energy Inc. (NYSE: WPX), Continental Resources Inc. (NYSE: CLR), and Cobalt
International Energy Inc. (NYSE: CIE). All these companies are tracked by
AAAResearchReports.com. Download free technical analysis and charting reports
on DNR, WPX, CLR, and CIE now at:
Denbury Resources Inc.'s shares closed the day 5.94% lower at $18.20, after
trading between $18.12 and $18.92. A total of 16.84 million shares were
traded, which is above the daily average volume of 4.70 million. Despite
Monday's decline, the company's shares have gained 3.88% in the previous three
months, compared to a gain of 4.76% in the S&P 500 during the same period.
Further, Denbury Resources Inc.'s stock is trading above its 200-day moving
average of $18.08. Download free research on DNR today by registering at:
On Monday, WPX Energy Inc.'s stock edged lower to end the day at $18.66, which
is 0.11% lower than the previous day's closing price of $18.68. The company's
shares vacillated between $18.61 and $19.05 during the trading session. A
total of 2.74 million shares were traded, which is above the daily average
volume of 2.02 million. The company's shares have fallen by 2.61% in the
previous three months, underperforming the S&P 500, which has gained 4.76%
during the same period. However, WPX Energy Inc.'s stock is trading above its
200-day moving average of $18.24. Sign up and have access to our free report
on WPX at:
Shares in Continental Resources Inc. fluctuated between $113.08 and $116.50
before ending Monday's session 1.52% higher at $115.92. A total of 1.19
million shares were traded, which is below the daily average volume of 1.27
million. The company's shares have gained 3.50% in the last one month and
21.04% in the previous three months, compared to a gain of 4.03% and 4.76% in
the S&P 500 during the respective periods. Moreover, Continental Resources
Inc.'s stock is trading above its 50-day and 200-day moving averages of
$108.90 and $92.23, respectively. Sign up and read the complimentary report on
On Monday, shares in Cobalt Intl. Energy Inc. declined by 1.73%, even as the
broader market posted gains. The company's shares closed the day at $22.09,
after trading between $22.07 and $22.70. A total of 1.57 million shares were
traded, which is below the daily average volume 3.00 million. The company's
shares have fallen by 2.43% in the previous three trading sessions,
underperforming the S&P 500, which has advanced 0.08% during the same period.
Additionally, Cobalt Intl. Energy Inc.'s stock is trading below its 50-day and
200-day moving averages of $24.08 and $26.11, respectively. The free report on
CIE can be downloaded by signing up now at:
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