Early Briefing on Energy Sector Equities -- Research on Penn West Petroleum, Hyperdynamics, Energy Transfer Partners, and Nordic American Tankers Editor Note: For more information about this release, please scroll to bottom.
LONDON, June 3, 2014 /PRNewswire/ --
On Monday, June 02, 2014, the NASDAQ Composite ended at 4,237.20, down 0.13%, the Dow Jones Industrial Average advanced 0.16%, to finish the day at 16,743.63, and the S&P 500 closed at 1,924.97, up 0.07%. The gains were broad based six out of ten sectors ended the session in positive. The S&P 500 Energy Sector Index ended the day at 691.80, down 0.24%, while the index has advanced 8.37% in the previous three months. Investor-Edge has initiated coverage on the following equities: Penn West Petroleum Ltd (NYSE: PWE), Hyperdynamics Corp. (NYSE: HDY), Energy Transfer Partners L.P. (NYSE: ETP) and Nordic American Tankers Ltd (NYSE: NAT). Free technical research on PWE, HDY, ETP and NAT can be downloaded upon signing up at:
Penn West Petroleum Ltd's stock finished the Monday's session 0.11% lower at $9.29. A total of 0.96 million shares were traded, which was below its three months average volume of 1.45 million shares. The stock moved between $9.24 and $9.37 during the session. Over the last three trading sessions and the previous three months, Penn West Petroleum Ltd.'s shares have gained 1.42% and 13.02%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 11.12%. The stock is trading above its 50-day moving average of $8.91, while the 50-day moving average is below Penn West Petroleum Ltd's 200-day moving average of $9.32. The company's stock has a Relative Strength Index (RSI) of 57.55. Sign up today to read free research on PWE at:
On Monday, shares in Hyperdynamics Corp. fluctuated between $2.42 and $2.65 before ending the session 6.79% lower at $2.47. Hyperdynamics Corp.'s stock reported a trading volume of 0.31 million shares, below its three months average volume of 1.28 million shares. Although, Hyperdynamics Corp.'s shares have rallied 65.77% in the last one month, it has declined 7.84% in the previous three trading sessions and 39.31% on YTD basis. The stock is trading above its 50-day moving average of $2.21. Moreover, shares of the company have an RSI of 49.90. Sign up today to read free research on HDY at:
Energy Transfer Partners L.P.'s stock edged 0.48% higher, to close the day at $56.59. The stock recorded a trading volume of 0.86 million shares, below its three months average volume of 0.99 million shares. The stock oscillated between $56.10 and $56.62 during the session. Over the last one month and over the past three months, Energy Transfer Partners L.P.'s shares have gained 1.05% and 1.91%, respectively. However, the stock has lost 1.15% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $55.38 is greater than its 200-day moving average of $53.75. Additionally, the stock traded at a PE ratio of 66.03 and has an RSI of 53.98. Sign up today to read free research on ETP at:
On Monday, shares in Nordic American Tankers Ltd recorded a trading volume of 1.69 million shares, higher than its three months average volume of 1.43 million shares. The stock ended the day at $8.33, which was 1.83% above its previous day's closing of $8.18, and registered an intraday range of $8.17 and $8.39. Nordic American Tankers Ltd.'s shares have lost 1.07% in the previous three trading sessions, 2.80% in the last one month and 14.12% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $8.86 and $9.02, respectively. Furthermore, shares of the company have an RSI of 40.35. Sign up today to read free research on NAT at:
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