Oil companies are setting up for a hunkering down period and it may take longer than initially was thought, say industry experts. Prices are staying under pressure given lowering Chinese stock markets and the debt crisis in Greece. Three stocks to keep your eye on at the moment are Magnum Hunter Resources Corp (NYSE:MHR), Pacific Drilling SA (NYSE:PACD), and EXCO Resources Inc (NYSE:XCO).
Magnum Hunter Resources Corp (NYSE:MHR) was down -6.56% at its recent close. That number was analyzed in terms of the last 52-week period. Its high over the last 52 weeks was $7.27 and its low was -83.83%. The stock traded at -29.52% under its SMA 50 and was -59.15% under its SMA 200.
For Pacific Drilling SA (NYSE:PACD), it closed at a price of $2.06 per share, which is down -0.24 points or the equivalent of -10.43% from its close the day before. It is -23.35% away from the SMA 20. Over the past fiscal year, the return on equity computes to be 8.60%, which was realized because of the financial situation and earnings per share once it reaches the $1.00 value mark. Earnings are expected to rise up 32.10% over the next five years.
EXCO Resources Inc (NYSE:XCO) price per share dipped over the last close with its previous high (52-week period analysis) being $5.08. The stock traded under its usual volume. The last price at close was under its 50-day moving average; it was under it by -53.31%. As well, it was -67.64% under its 200-day moving average.
For anyone with investments in BP, Statoil or Shell, it is expected that a decline in production will be affecting revenues. Given the above-noted numbers, the three stocks of Magnum Hunter Resources Corp (NYSE:MHR), Pacific Drilling SA (NYSE:PACD), and EXCO Resources Inc (NYSE:XCO) are ones to follow now.