Friday’s Oil And Gas Momentum List: CPE, RES, CRK, GRPK, RRC
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 as oil is in a great breakout.
Callon Petroleum Company (NYSE:CPE) stock has seen solid buying interest over the past week with a jump of over 30% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 250% 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.
RPC Inc. (NYSE:RES) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 18% over the past one week. Moreover, the stock has soared 54% so far this year. The company is scheduled to its earnings results for the third quarter 2021 on Wednesday, October 27, 2021 before the market opens.
Comstock Resources Inc (NYSE:CRK) stock continued to trend higher on Thursday’s trading session. CRK stock ended higher by 0.29% to $10.35 with more than 2.70 million shares exchanged hands, below its average volume of 2.94 million shares. The stock has moved up about 17% in the past one week. The stock is trading above 144% from its 52-week low and 2% away from its 52-week high.
GeoPark Ltd (NYSE:GPRK) stock is showing a very bullish move over the past few trading session as the stock jumped to 2 months high. In fact the stock has increased by 16% over the past week. The stock is trading above 94% from its 52-week low and 31% 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 14% in the past week. The stock is trading above 270% from its 52-week low and just 1% away from its 52-week high.
Oil and gas investors may also want to look at Allied Energy Corp. (OTCMKTS:AGYP) as it begins pumping oil from wells in Texas. While energy price and demand reach record highs, AGYP is an independent that has literally struck oil and has started pumping barrels when domestic buyers need it most.
