Independent oil & gas Top Gainers: Forest Oil Corporation (NYSE:FST), Abraxas Petroleum (NASDAQ:AXAS), U.S. Energy (NASDAQ:USEG), Saratoga Resources (NYSEMKT:SARA)

Posted by on Mar 18, 2014

Forest Oil Corporation (NYSE:FST) is the Denver-based natural gas liquids and natural gas explorer and producer, which, experts believe is failing to achieve a strategic goal-post in the recent weeks. Forest Oil Corporation (NYSE:FST) shares after opening at $1.70 moved to $1.79 on last trade day and at the end of the day closed at $1.79. Company price to sales ratio in past twelve months was calculated as 0.47 and price to cash ratio as 3.15. Forest Oil Corporation (NYSE:FST) showed a negative weekly performance of -3.24%.

Abraxas Petroleum Corporation (Nasdaq:AXAS) has been upgraded by TheStreet Ratings from hold to buy. Abraxas Petroleum Corp. (NASDAQ:AXAS) shares advanced 6.40% in last trading session and ended the day on $3.66. AXAS return on equity ratio is recorded as -0.40% and its return on assets is -0.10%. Abraxas Petroleum Corp. (NASDAQ:AXAS) yearly performance is 71.03%.

U.S. Energy Corp. (NASDAQ:USEG) published a press release dated March 12, 2014 reporting its 2013 highlights and selected financial results for the year ended December 31, 2013 and the period subsequent to year end, and provided an operational update. U.S. Energy Corp. (NASDAQ:USEG) shares moved up 11.82% in last trading session and was closed at $4.54 while trading in range of $4.10 – $4.56 – U.S. Energy Corp. (NASDAQ:USEG) year to date (YTD) performance is 20.74%.

Saratoga Resources, Inc (NYSEMKT:SARA) is an independent oil and natural gases company engaged in the production, development, acquisition and exploitation of crude oil and natural gas properties. The Company’s properties are located in the transitional coastline in protected in-bay environments on parish and state leases in south Louisiana. Saratoga Resources, Inc. (NYSEMKT:SARA) weekly performance is 2.96%. On last trading day company shares ended up $1.39. Saratoga Resources, Inc. (NYSEMKT:SARA) distance from 50-day simple moving average (SMA50) is 19.70%. Analysts mean target price for the company is $3.75.

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