7 Small-Cap Oil & Gas Stocks in Serious Up-Trends

Michael Teague |

After spending the early part of the year consistently lower, the price of oil has fluctuated higher in recent months, largely on security concers related to several different Western-Asian calamities in places like Syria and Egypt, as well as uncertainty over the Federal Reserve's support of the economy, and last but not least, the current fight in Washington, D.C. over the budget and the debt ceiling.

For the time being, however, the uncertainty seems to be favoring smaller oil and gas producers, who are not uncumbered like their larger peers by vast holdings and operations throughout the many troubled spots of the globe, and who can spend more of their time focusing on more profitable ventures, increasingly centered these days around the high-tech process of extracting shale-based energy.

The following seven small-cap companies represent stocks from the various oil&gas sectors that have shown strong  performance over the past quarter, up at least 40 percent. Furthermore, all seven of these stocks are trading at least 20 percent higher than their 50-day simple moving averages, indicating a serious up trend. All seven have also, unsurprisingly, been rated as "buy" or better by analysts.

 

Magnum Hunter Resources Corp (MHR) -

Market Cap: $1.7 billion
Price: $6.91
Percentage above SMA50: 40.21 percent

Quarterly Performance: 73.62 percent

 

Goodrich Petroleum Corp. ($GDP) –

Market Cap: $1.03 billion
Price: $28.04
Percentage Above SMA50: 22.89 percent
Quarterly Performance: 113.23 percent

 

TransGlobe Energy Corp. (TGA) –

Market Cap: $663.39 million
Price: $9.06
Percentage Above SMA50: 25.95 percent
Quarterly Performance: 55.94 percent

 

Triangle Petroleum Corporation (TPLM) –

Market Cap: $598.95 million
Price: $10.61
Percentage Above SMA50: 33.23 percent
Quarterly Performance: 48.18 percent

 

Aegean Marine Petroleum Network Inc. (ANW) –

Market Cap: $550.04 million
Price: $12.15
Percentage Above SMA50: 20.96 percent
Quarterly Performance: 43.79 percent

 

Penn Virginia Corporation (PVA) –

Market Cap: $457.28 million
Price: $7.27
Percentage Above SMA50: 34 percent
Quarterly Performance: 44.82 percent

 

Miller Energy Resources (MILL) -

Market Cap: $352.85 million
Price: $8.21
Percentage Above SMA50: 30.97 percent
Quarterly Performance: 93.33 percent

 

 

[Image Courtesy of WIkimedia Commons]

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
TPLM Triangle Petroleum Corporation (DE) 0.30 -0.04 -10.38 2,252,349
ANW Aegean Marine Petroleum Network Inc. 11.08 -0.53 -4.53 198,549
PVA Penn Virginia Corp. n/a n/a n/a 0
TGA Transglobe Energy Corp 1.85 -0.08 -3.90 57,066
GDP Goodrich Petroleum Corp. n/a n/a n/a 0
MHR Magnum Hunter Resources Corp n/a n/a n/a 0
CKFCD Clarkston Financial Corp. n/a n/a n/a 0

Comments

Emerging Growth

Taranis Resources Inc.

Taranis Resources Inc is an exploration stage company. The Company along with its subsidiaries is engaged in the acquisition and exploration of mineral properties. Its projects include Thor Property in…

Private Markets

Initial State

Initial State is an Internet of Things (IoT) data analytics & data management platform company. We turn sensor and event data into information that matters by making it easy to…

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…