Do EP Energy Corp(EPE), Comstock Resources Inc(CRK) and Diamondback Energy Inc(FANG) Offer Good Options For Oil Sector Investment?
New York, NY – GDP INSIDER – 03/16/2015.
This article discusses three companies: EP Energy Corp(NYSE:EPE), Comstock Resources Inc(NYSE:CRK) and Diamondback Energy Inc(NASDAQ:FANG)
EP Energy Corp(NYSE:EPE) fell back slightly on Friday to close down 1.23% or $0.12 at $9.64 on fairly normal trading volume of 2.040 million shares, compared to its three month average trading volume of 2.093 million. The independent oil and natural gas exploration and production company has been declining recently, after the boost it received on beating market expectations when it released its fourth quarter and full year results last month. With the shares down 48.5% over the last 52 weeks and RSI of 34.60 it is a hold and could be the time to buy.
Comstock Resources Inc(NYSE:CRK) continued to decline on Friday with the shares closing down 6.58% or $0.30 at $4.26 with only 2.419 million shares trading hands. The oil and natural gas developer restructured its debt recently by issuing $700 million in 10% secured notes to pay off its revolving credit facility. The stock has lost 77.57% over the last 52 weeks and is currently one of the worst performers in the oil and gas sector, but with a one year target estimate of $6.98 there may be significant upside potential.
Diamondback Energy Inc(NASDAQ:FANG) had a slight downwards correction on Friday with the stock declining 0.37% or $0.26 to close at $69.68 with 1.105 million shares traded. The offshore oil and natural gas exploration and development company has been gaining steadily since the beginning of the year with the stock up 16.55% year to date compared with the S&P 500 which has lost 0.27% over the same period, making it one of the stronger performers in the battered oil sector. This makes the stock a hold and if oil starts to recover, a potential buy.
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