Oil prices have been inching higher to a multi-year highs and oil and gas stocks have been on the move the last week. These stocks should be in your watchlist this week.
Callon Petroleum Company (NYSE:CPE) stock has seen solid buying interest over the past month with a gain of over 59% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 310% so far this year. Callon Petroleum Company is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
PHX Minerals Inc (NYSE:PHX) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 9% over the past one week. Moreover, the stock has soared 45% so far this year. The company recently closed on the previously announced purchase of two mineral and royalty packages in East Texas and Louisiana totaling 817 net royalty acres for aggregate consideration in the amount of $7,249,347, consisting of $728,214 in cash and the issuance of 2,349,207 shares of PHX common stock .
Canadian Natural Resources Ltd (NYSE:CNQ) stock continued to trend higher in Monday’s trading session. CRK stock ended higher by 3.60% to $38.12 with more than 3.89 million shares exchanged hands, below its average volume of 2.97 million shares. The stock has moved up about 6% in the past one week. The stock is trading above 156% from its 52-week low and 0.20% away from its 52-week high.
Devon Energy Corp (NYSE:DVN) stock is showing a very bullish move over the past few trading session as the stock jumped to a new 52-week high. In fact the stock has increased by 11% over the past week. The stock is trading above 416% from its 52-week low and 1% away from its 52-week high.
Range Resources Corp. (NYSE:RRC) stock is in bullish zone considering the stock jumped to multi-month high this week. The stock has moved up about 9.50% in the past week. The stock is trading above 310% from its 52-week low and just 1% away from its 52-week high.
Investors bullish on oil looking for stocks in the sector with positive press and momentum may want to look at Allied Energy Corp. (OTCMKTS:AGYP) an oil and gas independent that is now pumping oil from proven wells on several Texas leased sites. AGYP has literally just struck oil and production numbers should be announced shortly.
