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Highest Beta in the Oil & Gas Exploration & Production Industry Detected in Shares of Northern Oil And (NOG, CRC, WTI, CRK, MCF)

By David Diaz

Below are the three companies in the Oil & Gas Exploration & Production industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.

Northern Oil And ranks highest with a a beta of 2.0. California Resources Corporation is next with a a beta of 2.0. W & T Offshore Inc ranks third highest with a a beta of 1.8.

Comstock Resources, Inc. follows with a a beta of 1.8, and Contango Oil & G rounds out the top five with a a beta of 1.5.

SmarTrend recommended that its subscribers protect gains by selling shares of California Resources Corporation on January 27th, 2020 by issuing a Downtrend alert when the shares were trading at $6.92. Since that call, shares of California Resources Corporation have fallen 61.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest beta amex:nog northern oil and :crc california resources corporation :wti w & t offshore inc :crk comstock resources inc. amex:mcf contango oil & g

Ticker(s): NOG,CRC,WTI,CRK,MCF