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      12 Trending Stocks In Oil & Gas Industry To Invest In - Stocks Telegraph

      By Hasnain R

      Published on

      October 28, 2020

      10:39 AM UTC

      Last Updated on

      October 21, 2021

      10:00 AM UTC

      12 Trending Stocks In Oil & Gas Industry To Invest In - Stocks Telegraph

      The Oil & Gas Industry is considered to be the most important industry in the world. The fluctuation in Oil and Gas prices also impact the prices of other necessary commodities because the dependence of the world on Oil and Gas is continuously increasing. This industry has also experienced the impact of the COVID-19 pandemic. It is fulfilling the 57 percent energy needs of 7.7 billion people around the world.

      We all know that technology is the one that impacts every industry. This industry is also adopting new technologies to improve the efficiency and performance of the industry.

      Half of 2020 is passed and half is underway and the predicting trends of this year are also in the process. Few Oil and Gas industry trends of 2020 are as follows: adoption of modern technologies, increase in demand for natural gas, and social responsibility. Social responsibility is a new trend that is emerging in the current few years.

      Check out these 12 leading companies in Oil & Gas E & P industry to see whether these companies are following new trends or not:

      Marathon Oil Corporation (NYSE: MRO)

      Marathon Oil Corporation (NYSE: MRO) shares were trading down 0.00% at $4.13 at the time of writing on Tuesday. Marathon Oil Corporation (NYSE: MRO) share price went from a low point around $3.02 to briefly over $14.07 in the past 52 weeks, though shares have since pulled back to $4.13. MRO market cap has remained high, hitting $3.21B at the time of writing, giving it a price-to-sales ratio of more than 0.

      Marathon Oil Corporation has earlier announced the reinstatement of base dividend and the debt reduction initiatives. If we look at the recent analyst rating MRO, Northland Capital initiated coverage on MRO shares with a market perform rating and a $6.89 price target, which implies room for 2.76% upside momentum this year.

      Parsley Energy Inc. (NYSE: PE)

      Parsley Energy Inc. (NYSE: PE) rose 0.87% after gaining more than $0.09 on Tuesday. Lifshitz Law Firm, P.C. has announced the Investigation of BioSpecifics Technologies Corp., Cleveland BioLabs, Inc., Concho Resources Inc., CONSOL Energy Inc., CONSOL Coal Resources LP, GCI Liberty, Inc., Liberty Broadband Corporation, Parsley Energy, Inc., Pioneer Natural Resources Company and PNM Resources, Inc.

      Occidental Petroleum Corporation (NYSE: OXY)

      Occidental Petroleum Corporation (NYSE: OXY) last closed at $9.27, in a 52-week range of $9.00 to $47.58. Analysts have a consensus price target of $13.84. Occidental Petroleum Corporation (OXY) has earlier announced that it has decided to report its third-quarter 2020 financial results on November 9, 2020. The company is also planning to hold a conference call to discuss results on November 10, 2020.

      Southwestern Energy Company (NYSE: SWN)

      Southwestern Energy Company (NYSE: SWN) stock drop by -4.32% to $2.88. The most recent rating by Raymond James, on October 21, 2020, is at an Mkt perform. Previously, Southwestern Energy Company (SWN) has announced its plan to reveal the third-quarter 2020 financial results on October 29, 2020, after the market close. The company will also hold a conference call on October 30, 2020, to discuss the financial results.

      ConocoPhillips (NYSE: COP)

      ConocoPhillips (NYSE: COP) shares headed falling, lower as much as -0.20%. The most recent rating by KeyBanc Capital Markets, on September 25, 2020, is at an Overweight. Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has started an investigation into whether the board members of Concho Resources Inc. violated their fiduciary duties or violated the federal securities laws in connection with the company’s merger with ConocoPhillips.

      Devon Energy Corporation (NYSE: DVN)

      Devon Energy Corporation (NYSE: DVN) last closed at $8.69, in a 52-week range of $4.60 to $26.42. Devon Energy Corporation (DVN) has announced its plan to reveal the third-quarter 2020 financial results on October 29, 2020, after the market close. The company will also hold a conference call on October 30, 2020, to discuss the financial results.

      Apache Corporation (NASDAQ: APA)

      Apache Corporation (NASDAQ: APA) shares headed falling, lower as much as -2.51%. The most recent rating by CapitalOne, on September 11, 2020, is at an Overweight. Apache Corporation (APA) has earlier provided supplemental information regarding certain third-quarter 2020 financial and operational results. The company has decided to share the earning results on November 4, 2020.

      Antero Resources Corporation (NYSE: AR)

      Antero Resources Corporation (NYSE: AR) fall -1.61% after losing more than -$0.06 on Tuesday. Antero Resources Corporation (AR) announced that it has decided to reveal the third-quarter 2020 financial results on October 28, 2020, after the market close. The company will also hold a conference call on October 29, 2020, to discuss the financial results.

      EQT Corporation (NYSE: EQT)

      EQT Corporation (NYSE: EQT) stock soar by 3.39% to $16.16. The most recent rating by Morgan Stanley, on October 09, 2020, is at an Overweight. EQT Corporation (EQT) signed a purchase and sale agreement with Chevron U.S.A.Inc. under which EQT will buy upstream and midstream assets of Chevron located in the Appalachian Basin for $735 million.

      Range Resources Corporation (NYSE: RRC)

      Range Resources Corporation (NYSE: RRC) shares headed falling, lower as much as -1.37%. The most recent rating by BofA Securities, on October 26, 2020, is at a Buy. Range Resources Corporation (RRC) has decided to reveal the third-quarter 2020 financial results on October 29, 2020, after the market close. The company will also hold a conference call on October 30, 2020, to discuss the financial results.

      Gulfport Energy Corporation (NASDAQ: GPOR)

      Gulfport Energy Corporation (NASDAQ: GPOR) stock soar by 0.71% to $0.27. The most recent rating by Stifel, on March 31, 2020, is at a Sell. Gulfport Energy Corporation (GPOR) share price went from a low point around $0.21 to briefly over $3.88 in the past 52 weeks. GPOR market cap has remained high, hitting $44.24 Million at the time of writing.

      EOG Resources Inc. (NYSE: EOG)

      EOG Resources Inc. (NYSE: EOG) last closed at $34.58, in a 52-week range of $27.00 to $89.54. Analysts have a consensus price target of $63.32. EOG Resources Inc. (EOG) has moved up 28.07% from its 52-weeks low and moved down -61.38% from its 52-weeks high. EOG market cap has remained high, hitting $19.82 billion at the time of writing.

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