The decline of oil’s global prices continues. On August 14, it hit a six-and-a-half-year low. Meanwhile, gas prices for automobile drivers in the US and Canada continue to rise. The reason for rising prices at the pump is the partial outage at BP’s Whiting refinery, an oil refinery that is based in Indiana.
The repair work on this big refinery is causing many gas prices to increase in surrounding areas. Here is how three specific oil stocks are doing currently: Hercules Offshore Inc. (NASDAQ:HERO), Stone Energy Corporation (NYSE:SGY), and Bonanza Creek Energy Inc (NYSE:BCEI).
Hercules Offshore Inc. (NASDAQ:HERO) is the first stock. It was down -13.77% as of its last close. Looking back over the past 52 weeks, its high was $3.50 and its low was at -97.93%. The shares over the past six months have gone down -92.72%. At the moment, the stock is trading at -75.67% under its 50-day moving average and -91.09% under its 200-day moving average.
Stone Energy Corporation (NYSE:SGY) had a price that dipped during its last session of trade. Over the last 52 weeks, its high was recorded at $35.49. Now the price is down -63.71%, as shown over the past three months. The stock however traded in its last session at a volume above average; its volume was 1.85 million shares, with price loss being at -9.36%. As of last close, its price decreased -49.03% under its SMA 50 and -65.28% below its SMA 200.
The closing price for Bonanza Creek Energy Inc (NYSE:BCEI) is $7.34, which is down -4.43% from its close the previous session; that is down -0.34 points. The SMA 20 is -13.82%. Over the past 12 months, the ROE is at -6.50%, with EPS being at -$1.10. The prediction is that earnings will increase 10.00% over the upcoming five years.