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|Commit To Buy Nabors Industries At $8, Earn 7.4% Using Options
Monday, June 22, 11:51 AM ET, by Market News Video Staff
Investors eyeing a purchase of Nabors Industries Ltd. (NBR) shares, but tentative about paying the ...
UPL Stock Crowded With Sellers
Wednesday, June 24, 12:19 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Ultra Petroleum Corp. (UPL) entered into oversold territory, changing ...
Shares of NBR Now Oversold
Tuesday, July 7, 12:00 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Nabors Industries Ltd. (NBR) entered into oversold territory, changing ...
March 2016 Options Now Available For Ultra Petroleum (UPL)
Monday, July 20, 12:30 PM ET, by Market News Video Staff
Investors in Ultra Petroleum Corp. (UPL) saw new options begin trading today, for the March ...
Nabors Industries (NBR) Passes Through 2% Yield Mark
Monday, July 20, 3:41 PM ET, by Market News Video Staff
In trading on Monday, shares of Nabors Industries Ltd. (NBR) were yielding above the 2% ...
Shares of HGT Now Oversold
By Energy Stock Channel Staff, Wednesday, December 14, 11:30 AM ET
In trading on Wednesday, shares of Hugoton Royalty Trust (NYSE:HGT) entered into oversold territory, changing hands as low as $19.80 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of Hugoton Royalty Trust , the RSI reading has hit 26.9 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 43.3, the RSI of WTI Crude Oil is at 48.4, and the RSI of Henry Hub Natural Gas is presently 32.0.
A bullish investor could look at HGT's 26.9 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), HGT's low point in its 52 week range is $19.23 per share, with $24.67 as the 52 week high point — that compares with a last trade of $19.90. Hugoton Royalty Trust shares are currently trading down about 1.8% on the day.
HGT operates in the Oil & Gas Exploration & Production sector, among companies like Ultra Petroleum Corp. (NYSE:UPL) which is off about 3.8% today, and Nabors Industries Ltd. (NYSE:NBR) trading lower by about 4.3%. Below is a three month price history chart comparing the stock performance of HGT, versus UPL and NBR.
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