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Three Energy Stocks on Trader’s Radar: Hornbeck Offshore Services, Inc. (HOS), Canadian Natural Resource Ltd (USA) (CNQ)L, Canadian Natural Resource Ltd (USA) (RICE)

The S&P 500 jumped 55.44 points to 2,060.99 in the week, as the biggest gain since November erased the index’s loss for the year and left it 3.3 per cent below its May record.

The index ended the prior week with a 3.3 per cent rout in the two days following the Fed’s decision.

The Dow Jones Industrial Average and Nasdaq Composite Index both advanced about 2.5 per cent, their best weekly performance since Nov. 20. The dollar was little changed at 120.39 yen as of 7:25 a.m. in Tokyo Friday.

Oil and gas producers surged, buoyed by crude’s best week in four months. The group has been the least-loved in the S&P 500 this year, with an average 6 per cent of shares outstanding borrowed and sold in bets the price will fall.

Those wagers didn’t pay off, at least for one week. Eight of the 10 biggest gainers in the S&P 500 were in the energy industry, led by Oneok Inc.’s 27 per cent increase.

All 10 main industries in the broader index advanced this week, with commodities producers rallying 4.3 per cent as metals from copper to gold advanced. The Bloomberg Commodity Index added 1.3 per cent.

Financials rallied 3 per cent, while industrials saw their first gain after a four-week slump.

While equities ended Thursday lower after a three-day rally, a measure of investor anxiety fell for the second consecutive week amid light trading. The Chicago Board Options Exchange Volatility Index slid 23 per cent, the most since July.

The S&P 500 has slipped 0.9 per cent this month, on course for the worst December since 2002.

Hornbeck Offshore Services, Inc. (NYSE:HOS) fell -3.11% or -0.33 points on Thursday and made its way into the losers of the day. After trading began at $10.66 the stock was seen hitting $10.84 as a peak level and $10.25 as the lowest level. The stock ended up at $10.29. The mean estimate for the short term price target for Hornbeck Offshore Services, Inc. (NYSE:HOS) stands at $16.41 according to 11 Analysts. The higher price target estimate for the stock has been calculated at $25 while the lower price target estimate is at $8.50. On Dec 29, 2014, the shares registered one year high at $25.77 and the one year low was seen on Dec 21, 2015. Trader’s Choice released new research updates concerning several important developing situations including the following equities: ACCO Brands Corp. (ACCO), Sequential Brands Group Inc. (SQBG), Ferro Corp. (FOE) and Hornbeck Offshore Services, Inc. (NYSE:HOS). Trader’s Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.

Has HOS Found The Bottom and Ready To Move Up? Find Out Here

Canadian Natural Resource Ltd (USA) (NYSE:CNQ) declined -0.09% or -0.02 points on Thursday and made its way into the gainers of the day. After trading began at $22.51 the stock was seen hitting $22.56 as a peak level and $22.27 as the lowest level. The stock ended up at $22.43. The daily volume was measured at 1.23 million shares. The company has a market cap of $24.61 billion. The mean estimate for the short term price target for Canadian Natural Resource Ltd (USA) (NYSE:CNQ) stands at $28.04 according to 10 Analysts. The higher price target estimate for the stock has been calculated at $34.65 while the lower price target estimate is at $24.54. On Apr 15, 2015, the shares registered one year high at $34.46 and the one year low was seen on Aug 24, 2015. Canadian Natural Resource Ltd (USA) (NYSE:CNQ) and PrairieSky Royalty Ltd. (“PrairieSky”) (PSK.TO) are pleased to proclaim that they have entered into an agreement (the “Combination Agreement”) to combine their royalty businesses, unifying two of the largest fee simple mineral title and royalty positions in Western Canada into a single Canadian enterprise (the “Transaction”). Through the Transaction, PrairieSky will acquire a substantial portion of Canadian Natural’s royalty assets for an aggregate purchase price of $1.8 billion, consisting of $680 million in cash and the issuance of approximately 44.4 million PrairieSky common shares at an ascribed price of $25.20 per common share.

Has CNQ Found The Bottom And Ready To Gain Momentum? Find Out Here

Rice Energy Inc (NYSE:RICE) traded down -0.40% during trading on Thursday, hitting $9.99. The stock has a market cap of $1.35 billion and a price-to-earnings ratio of 12.16. Rice Energy Inc (NYSE:RICE) has dropped -46.03% during the last 3-month period. Year-to-Date the stock performance stands at -52.98%. The stock price is expected to reach $ 21.22 in the short term. The number of analysts agreeing with this consensus is 23. The higher estimate for the short term price target is at $32 while the lower estimate is at $11. On May 12, 2015, the shares registered one year high at $25.33 and the one year low was seen on Dec 14, 2015. Rice Energy Inc (NYSE:RICE) reported that on December 21, 2015, the Rice Energy Irrevocable Trust (“Rice Trust”, the “Trust”), a private Trust established for the benefit of members of the Rice family, executed a block sale of 5,000,000 shares of Rice common stock to pay down a line of credit extended to the Rice Trust by Morgan Stanley Private Bank, National Association (“Morgan Stanley”).

Why Should Investors Buy RICE After the Recent Fall? Just Go Here and Find Out