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

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

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SOURCE Investor-Edge

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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:

http://www.investor-edge.com/3526-register

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:

http://www.investor-edge.com/3526-AXAS-06Jun2014.pdf

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:

http://www.investor-edge.com/3526-LINE-06Jun2014.pdf

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:

http://www.investor-edge.com/3526-PE-06Jun2014.pdf

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:

http://www.investor-edge.com/3526-MUR-06Jun2014.pdf


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EDITOR'S NOTES:
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2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

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