Technical Coverage of Energy Sector Equities -- Research on Abraxas Petroleum, Linn Energy, Parsley Energy, and Murphy Oil - - ABC13

Technical Coverage of Energy Sector Equities -- Research on Abraxas Petroleum, Linn Energy, Parsley Energy, and Murphy Oil

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LONDON, June 6, 2014 /PRNewswire/ --

On Thursday, June 5, 2014, the NASDAQ Composite ended at 4,296.23, up 1.05%, the Dow Jones Industrial Average advanced 0.59%, to finish the day at 16,836.11, and the S&P 500 closed at 1,940.46, up 0.65%. The gains were broad based as all the ten sectors ended the session in positive. The S&P 500 Energy Sector Index ended the day at 697.36, up 0.61%, with the index gaining 9.98% in the previous three months. Investor-Edge has initiated coverage on the following equities: Abraxas Petroleum Corp. (NASDAQ: AXAS), Linn Energy LLC (NASDAQ: LINE), Parsley Energy Inc. (NYSE: PE) and Murphy Oil Corp. (NYSE: MUR). Free technical research on AXAS, LINE, PE and MUR can be downloaded upon signing up at:

On Thursday, shares in Abraxas Petroleum Corp. fluctuated between $4.88 and $5.23 before ending the session 12.47 % higher at $5.23. The stock reported a trading volume of 5.78 million shares, much above its three months average volume of 2.12 million shares. Shares of the company traded at a PE ratio of 17.27. Abraxas Petroleum Corp.'s shares have surged 8.06 % in the previous three trading sessions, 59.45% in the last three months, and 60.38 % on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $4.84 and $3.56, respectively. Moreover, shares of Abraxas Petroleum Corp. have a Relative Strength Index (RSI) of 39.77. On June 4, 2014, Abraxas Petroleum Corp. increased 2014 capital budget to $160 million and raised the production guidance for FY 20114 to 5,500-5,700 barrels of oil equivalent per day (Boepd). Sign up today to read free research on AXAS at:

Linn Energy LLC's stock edged 0.41 % higher, to close the day at $29.77. The stock recorded a trading volume of 1.26 million shares, below its three months average volume of 1.49 million shares. The stock oscillated between $29.55 and $29.94 during the session. Over the last three trading sessions and over the past one month, Linn Energy LLC's shares have gained 1.95 % and 3.91 %, respectively. However, the stock has lost 3.31 % since the start of this year. The stock is trading above its 50-day and 200-day moving averages. Linn Energy LLC's 200-day moving average of $29.17 is above its 50-day moving average of $28.59. Additionally, the stock has an RSI of 68.37. Sign up today to read free research on LINE at:

On Thursday, shares in Parsley Energy Inc. recorded a trading volume of 0.66 million shares and registered an intraday range of $24.77 and $25.22. The stock ended the day at $25.16, which was 1.33% above its previous day's closing of $24.83. Parsley Energy Inc.'s stock has gained 3.45% in the previous three trading sessions. Additionally, the company's stock traded at a PE ratio of 359.43. Sign up today to read free research on PE at:

Murphy Oil Corp.'s stock finished the Thursday's session 0.48% higher at $62.47. A total of 0.69 million shares were traded, which was below its three months average volume of 1.47 million shares. The stock vacillated between $61.86 and $62.62 during the session. Over the last one month and over the previous three months, Murphy Oil Corp.'s shares have advanced 1.93% and 5.01%, respectively. However, from the beginning of 2014, the company's stock has lost 3.71%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $61.84 is greater than its 200-day moving average of $61.33. Murphy Oil Corp.'s stock traded at a PE ratio of 11.69 and has an RSI of 55.81. Sign up today to read free research on MUR at:


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