Oil & Gas Stocks Under Review -- Occidental Petroleum, Parsley Energy, Range Resources, and SM Energy

NEW YORK, May 26, 2017 /PRNewswire/ --

OPEC delegates on Thursday, May 25^th, 2017, decided to extend cuts in oil output by nine months to March 2018, as it continues to battle a global glut of crude. This morning, Stock-Callers.com draws investors' attention back to select equities in the Independent Oil and Gas space to see how current oil conditions have influenced their most recent performances: Occidental Petroleum Corp. (NYSE: OXY), Parsley Energy Inc. (NYSE: PE), Range Resources Corp. (NYSE: RRC), and SM Energy Co. (NYSE: SM). Learn more about these stocks by downloading their free research reports in PDF format at:

http://stock-callers.com/registration

Occidental Petroleum

On Thursday, shares in Houston, Texas headquartered Occidental Petroleum Corp. recorded a trading volume of 4.69 million shares. The stock ended the day at $60.71, declining 0.74% from the last trading session. The Company's shares are trading below their 50-day moving average by 2.55%. Furthermore, shares of Occidental Petroleum, which engages in the acquisition, exploration, and development of oil and gas properties in the US and internationally, have a Relative Strength Index (RSI) of 46.78.

On May 10^th, 2017, research firm JP Morgan upgraded the Company's stock rating from 'Underweight' to 'Neutral'.

On May 11^th, 2017, Occidental Petroleum said that its Board of Directors has declared a regular quarterly dividend of $.76 per share on common stock, payable on July 14^th, 2017, to stockholders of record as of June 09^th, 2017. The Company has paid quarterly dividends continuously since 1975 and has increased its dividend each year since 2002. The current annual rate is $3.04 per share. Sign up and read the free research report on OXY at:

http://stock-callers.com/registration/?symbol=OXY

Parsley Energy

Austin, Texas headquartered Parsley Energy Inc.'s stock saw a decline of 1.10%, finishing yesterday's session at $30.64 with a total trading volume of 4.31 million shares. The Company's shares have gained 1.90% in the last month and 3.90% over the previous three months. The stock is trading below its 50-day moving average by 1.33%. Additionally, shares of Parsley Energy, which engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin in West Texas and Southeastern New Mexico, have an RSI of 45.79.

On May 15^th, 2017, Parsley Energy announced that it will participate in the BMO Capital Markets Global Energy Leadership Forum, which will be held on May 31^st, 2017, through June 01^st, 2017 in Pinehurst, NC. The complimentary research report on PE can be downloaded at:

http://stock-callers.com/registration/?symbol=PE

Range Resources

Shares in Fort Worth, Texas headquartered Range Resources Corp. ended the session 1.45% lower at $23.79. The stock recorded a trading volume of 5.30 million shares, which was above its three months average volume of 5.15 million shares. The Company's shares are trading 12.38% below their 50-day moving average. Moreover, shares of Range Resources, which operates as an independent natural gas, natural gas liquids, and oil company, have an RSI of 31.31.

On April 28^th, 2017, research firm Wells Fargo upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. Register for free on Stock-Callers.com and access the latest report on RRC at:

http://stock-callers.com/registration/?symbol=RRC

SM Energy

At the closing bell on Thursday, Denver, Colorado headquartered SM Energy Co.'s stock dropped 5.23%, finishing at $19.40. A total volume of 4.33 million shares was traded, which was above their three months average volume of 3.50 million shares. The Company's shares are trading 12.00% below their 50-day moving average. Additionally, shares of SM Energy, which engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America, have an RSI of 34.61.

On May 11^th, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'.

On May 16^th, 2017, SM Energy announced that it has postponed indefinitely the planned sale of its Divide County, North Dakota assets, as valuations in the sales process did not reach the Company's threshold to meaningfully reduce its leverage. The Company is revising its 2017 guidance and three-year plan metrics to be consistent with this change. Get free access to your research report on SM at:

http://stock-callers.com/registration/?symbol=SM

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