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Today’s Research Reports on Trending Tickers: Marathon Oil Corporation and Pengrowth Energy Corporation

NEW YORK, NY / ACCESSWIRE / November 13, 2017 / U.S. markets slumped this week, breaking the Dow's streak of 8 consecutive weekly gains, on concerns of a delay in the rollout of President Trump's much-anticipated tax reform plan. The Dow Jones Industrial Average declined 0.17 percent to close at 23,422.21, down 0.49 percent for the week, while the S&P 500 Index dropped 0.09 percent to close at 2,582.30, down 0.21 percent for the week. The Nasdaq Composite Index gained 0.01 percent to close at 6,750.94, down 0.21 percent for the week.

"Markets have had a direct correlation to the tax plan, and have been falling on signs that progress is slowing down, and the idea that corporate taxes will be cut later than we had been expecting," said Richard Sichel, chief investment officer at Philadelphia Trust Co., according to MarketWatch.

"If we see some progress, investors will start feeling better. Everyone is keyed in on this and the market is looking for it, although we just had a nice earnings season, and while this isn't a cheap market, it isn't frothy either. People can find different assets that look attractive from a long-term perspective."

RDI Initiates Coverage on:

Marathon Oil Corporation
https://rdinvesting.com/news/?ticker=MRO

Pengrowth Energy Corporation
https://rdinvesting.com/news/?ticker=PGH

Marathon Oil Corporation's stock moved 1.01% lower Friday, to close the day at $15.62. The stock recorded a trading volume of 11,447,588 shares, which was below its three months average volume of 12,565,918 shares. In the last year, Marathon Oil Corporation's shares have traded in a range of 10.55 - 19.28. The share price has gained 48.06% from its 52-week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $14.16 is greater than its 200-day moving average of $12.88. Shares of Marathon Oil Corporation have gained roughly 14.68 percent in the past month and are down 9.76 percent year-to-date.

Access RDI's Marathon Oil Corporation Research Report at:
https://rdinvesting.com/news/?ticker=MRO

On Friday, shares in Pengrowth Energy Corporation recorded a trading volume of 1,597,448 shares, which was above the three months average volume of 851,623 shares. The stock ended the day 11.30% lower at 1.02. The share price has gained 88.89% from its 52-week low with a 52-week trading range of 0.54 - 1.76.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $1.06 is greater than its 200-day moving average of $0.84. Shares of Pengrowth Energy Corporation have fallen roughly 1.92 percent in the past month and are down 28.17 percent year-to-date.

Access RDI's Pengrowth Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=PGH

Our Actionable Research on Marathon Oil Corporation (NYSE:MRO) and Pengrowth Energy Corporation (NYSE:PGH) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com