Breakfast Technical Briefing on Independent Oil & Gas Stocks -- ConocoPhillips, Callon Petroleum, Crescent Point Energy, and Devon Energy

NEW YORK, August 11, 2017 /PRNewswire/ --

If you want a Stock Review on COP, CPE, CPG, or DVN then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com has initiated coverage on four Independent Oil and Gas companies to see how they have fared over the past trading days: ConocoPhillips (NYSE: COP), Callon Petroleum Co. (NYSE: CPE), Crescent Point Energy Corp. (NYSE: CPG), and Devon Energy Corp. (NYSE: DVN). On Thursday, August 10th, 2017, OPEC raised its outlook for oil demand in 2018 and cut its forecasts for output from rivals next year, although another increase in the group's production suggested that the market will remain in surplus despite efforts to limit supply, according to a Reuters report. Daily Stock Tracker published free research reports on these stocks today at:

http://dailystocktracker.com/register/

ConocoPhillips 

Houston, Texas headquartered ConocoPhillips' shares dropped 1.49%, closing Thursday's trading session at $44.97. The stock recorded a trading volume of 6.43 million shares. Shares of the Company have advanced 4.00% in the last month. The stock is trading 1.23% above its 50-day moving average. Additionally, shares of ConocoPhillips, which explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide, have a Relative Strength Index (RSI) of 51.36.

On July 28^th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'.

On July 31^st, 2017, ConocoPhillips completed its previously announced transaction with an affiliate of Hilcorp Energy Company to sell its San Juan Basin assets for up to $3.0 billion of total consideration, comprised of $2.7 billion in cash and contingent payments of up to $300 million. After customary closing adjustments, the cash proceeds were $2.5 billion. The contingent payments portion is effective from January 01^st, 2018, and has a term of six years. See our free and comprehensive research report on COP at:

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Callon Petroleum 

On Thursday, shares in Natchez, Mississippi headquartered Callon Petroleum Co. recorded a trading volume of 2.78 million shares. The stock declined 1.41%, ending the day at $10.48. The Company's shares are trading below their 50-day moving average by 2.67%. Furthermore, shares of Callon Petroleum, which acquires, explores for, develops, and produces oil and natural gas properties in the Permian Basin in West Texas, have an RSI of 44.16.

On August 02^nd, 2017, Callon Petroleum announced second-quarter 2017 results. For the three months ended June 30^th, 2017, the Company reported total revenue of $82.3 million and total revenue including cash-settled derivatives of $82.0 million, including the impact of a $0.3-million loss from the settlement of derivative contracts. Average daily production for the quarter was 22.2 MBOE/d, compared to average daily production of 20.4 MBOE/d in the first quarter of 2017. CPE free research report is just a click away at:

http://dailystocktracker.com/registration/?symbol=CPE

Crescent Point Energy 

Calgary, Canada headquartered Crescent Point Energy Corp.'s stock finished the day 1.67% lower at $7.08 with a total trading volume of 985,120 shares. The stock is trading below their 50-day moving average by 9.62%. Shares of the Company, which acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the US, have an RSI of 38.08.

On July 17^th, 2017, Crescent Point Energy confirmed that the dividend to be paid on August 15^th, 2017, in respect of July 2017 production, for shareholders of record on July 31^st, 2017, will be CDN$0.03 per share. Sign up for your complimentary report on CPG at:

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Devon Energy 

Shares in Oklahoma headquartered Devon Energy Corp. ended yesterday's session 1.00% lower at $31.76. The stock recorded a trading volume of 4.01 million shares. The Company's shares have advanced 3.08% in the last one month. The stock is trading 0.61% below its 50-day moving average. Moreover, shares of Devon Energy, which engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US and Canada, have an RSI of 44.97.

On July 17^th, 2017, research firm Piper Jaffray initiated a 'Neutral' rating on the Company's stock, with a target price of $48 per share.

On August 09^th, 2017, Devon Energy announced that it will give two presentations at the Barclays CEO Energy-Power Conference in New York. COO Tony Vaughn will discuss the Company's focus on innovation and technology at 3:45 p.m. ET on September 06^th, 2017. The following day, on September 07^th, 2017, President and CEO Dave Hager will provide an operational and financial update at 8:25 a.m. ET. Register for free on DailyStockTracker.com and download the latest research report on DVN at:

http://dailystocktracker.com/registration/?symbol=DVN

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