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 68% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 328% 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.
Comstock Resources, Inc. (NYSE:CRK) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 8% over the past one week. Moreover, the stock has soared 149% so far this year. The company is scheduled to report its third quarter 2021 results on November 2, 2021 after the market closes and host its quarterly conference call at 10:00 a.m. CT on November 3, 2021.
Suncor Energy Inc. (NYSE:SU) stock continued to trend higher in Tuesday’s trading session. CRK stock ended higher by 3.51% to $22.12 with more than 8.82 million shares exchanged hands, below its average volume of 7.25 million shares. The stock has moved up about 6% in the past one week. The stock is trading above 107% from its 52-week low and 14% away from its 52-week high.
VAALCO Energy, Inc. (NYSE:EGY) stock is showing a very bullish move over the past few trading session as the stock jumped to multi-month highs. In fact the stock has increased by 15% over the past week. The stock is trading above 306% from its 52-week low and 12% away from its 52-week high.
Devon Energy Corporation (NYSE:DVN) stock is in bullish zone considering the stock jumped to a new 52-week high on Tuesday. The stock has moved up about 14% in the past week. The stock is trading above 433% from its 52-week low and just 1% away from its 52-week high. Allied Energy Corp. (OTCMKTS: AGYP) stock on radar this week:- 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.
