Early Briefing and Review: SandRidge Energy, Magnum Hunter Resources,
Transocean, and Cenovus Energy
LONDON, January 14, 2014
LONDON, January 14, 2014 /PRNewswire/ --
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On Monday, January 13, 2014, the U.S. equity market finished on a negative
note. The S&P 500 ended the day at 1,819.20, down 1.26%; the Dow Jones
Industrial Average closed at 16,257.94, down 1.09%; and the NASDAQ Composite
Index finished at 4,113.31, down 1.47%. The S&P 500 Energy Sector Index fell
1.90% to close the session at 629.63; and the S&P 500 Oil, Gas and Consumable
fuels Industry Group Index closed at 644.74, down 1.97%. The S&P 500 Oil, Gas
And Consumable Fuels Industry Group Index has gained 3.78% in the previous
three months, underperforming the S&P 500, which has gained 6.81% during the
same period. Additionally, the S&P 500 Energy Equipment & Services Industry
Index closed 1.61% lower at 600.55. The major movers in the Energy Sector
included SandRidge Energy Inc.(NYSE: SD), Magnum Hunter Resources
Corp.(NYSE: MHR),Transocean Ltd(NYSE: RIG), and Cenovus Energy Inc. (NYSE:
CVE). AAAResearchReports.com has released free charting and technical research
on these aforementioned companies. Register to read these reports at:
SandRidge Energy Inc.'s stock fell 2.48% on Monday, tracking losses in the
U.S. equity market. The company's shares ended the day at $5.91, after
oscillating between $5.80 and $6.10 during the trading session. A total of
11.98 million shares were traded, which is above the daily average volume
11.10 million. Despite Monday's decline, the company's shares have gained
2.25% in the previous three trading sessions and 9.24% in the last one month,
outperforming the S&P 500, which has lost 1.00% and has gained 2.47% during
the respective periods. Furthermore, SandRidge Energy Inc.'s stock is trading
above its 50-day and 200-day moving averages of $5.81 and $5.46, respectively.
Sign up for free report on SD at:
Magnum Hunter Resources Corp.'s stock plummeted 3.42% on Monday, closing the
day at $7.62, after fluctuating between $7.52 and $8.04 during the trading
session. A total of 4.89 million shares were traded, which is below the daily
average volume of 4.97 million. Despite Monday's pullback, the company's
shares have gained 4.67% in the previous three trading sessions and 18.88% in
the last one month, compared to a loss of 1.00% and a gain of 2.47% in the S&P
500 during the respective periods. Moreover, Magnum Hunter Resources Corp.'s
stock is trading above its 50-day and 200-day moving averages of $7.02 and
$5.08, respectively. MHR free technical report can be accessed by signing up
On Monday, Transocean Ltd's stock finished the day at $47.49, down 2.14% from
the previous day's closing price of $48.53. The company's shares fluctuated
between $47.20 and $48.53 during the trading session. A total of 4.75 million
shares were traded, which is below the daily average volume of 5.92 million.
The company's shares have advanced 5.09% in the previous three months,
underperforming the S&P 500, which has gained 6.81% during the same period.
Further, Transocean Ltd's stock is trading below its 50-day and 200-day moving
averages of $50.03 and $49.07, respectively. A free report on RIG can be
accessed by registering at:
Shares in Cenovus Energy Inc. vacillated between $27.35 and $27.56 before
closing the day 0.15% lower at$27.42. A total of 1.11 million shares were
traded on Monday, which is above the daily average volume of 1.04 million. The
company's shares have lost 0.58% in the previous three trading sessions,
outperforming the S&P 500, which has lost 1.00% during the same period.
However, Cenovus Energy Inc.'s stock is trading below its 50-day and 200-day
moving averages of $28.72 and $29.36, respectively. Register with AAA Research
Reports and download research on CVE for free at:
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