Basic Materials Stocks News Recap: Whiting Petroleum (NYSE:WLL), Range Resources (NYSE:RRC), Cabot Oil & Gas (NYSE:COG)

Basic Materials Stocks News Recap: Whiting Petroleum (NYSE:WLL), Range Resources (NYSE:RRC), Cabot Oil & Gas (NYSE:COG)

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On Wednesday, Whiting Petroleum Corp (NYSE:WLL)’s shares declined -0.69% to $18.71.

(WLL) has the market capitalization of $3.85 billion. The stock has P/B ratio of 0.57 while EPS was $-13.18. Institutional ownership of the company was 96.80% while 204.14 million shares were outstanding. Net profit margin of the Company was -19.20% while its gross profit margin was 70.50%. Share of the company moved above its SMA 50 with 5.09%. ROE ratio was -7.70% while ROI was 0.70%.

The mean estimate for the short term price target for Whiting Petroleum Corp (WLL) stands at $27.63 according to 38 Analysts. The higher price target estimate for the stock has been calculated at $53.00 while the lower price target estimate is at $17.00.

Analysts mean recommendation for the stock is 2.10. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in exploration, development, acquisition and production of crude oil, NGLs and natural gas in the Rocky Mountains and Permian Basin regions of the United States.

Range Resources Corp. (NYSE:RRC)’s shares gained 9.97% to $34.08.

(RRC) has market capitalization of $5.25 billion. Its current ratio was -0.90 while its shares were below its 50 days simple moving average with -1.44%. The company offered earning per share of $-0.68 while its 169.37 million shares were outstanding. YTD performance of the company was -36.24%. Stock volatility for the week was 8.10% while for the month it was shown at 6.19%.

The mean estimate for the short term price target for Range Resources Corp. (RRC) stands at $48.91 according to 35 Analysts. The higher price target estimate for the stock has been calculated at $73.00 while the lower price target estimate is at $34.00.

Analysts mean recommendation for the stock is 2.10. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

Range Resources Corporation (Range) is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Midcontinent regions of the United States.

At the end of Wednesday’s trade, Cabot Oil & Gas Corporation (NYSE:COG)‘s shares surged 1.77% to $22.43.

(COG) Its past 5-day performance at 6.3% . So far in 2015, the company has a year-to-date performance of -24.25%. The stock, as of last close, traded 12.20% up from its 52 week low and was -36.99% below its 52 week high. Its latest closing price was -20.62% below the SMA200 while the distance from SMA 50 and SMA 20 was -1.26% and 0.12% respectively.

The mean estimate for the short term price target for Cabot Oil & Gas Corporation (COG) stands at $29.97 according to 30 Analysts. The higher price target estimate for the stock has been calculated at $40.00 while the lower price target estimate is at $21.00.

Analysts mean recommendation for the stock is 2.30. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company’s exploration, development and production operations are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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