NEW YORK, October 27, 2016 /PRNewswire/ --
Stock-Callers.com today has uncovered reports on the following Oil and Gas Drilling and Exploration equities: Atwood Oceanics Inc. (NYSE: ATW), Rowan Cos. PLC (NYSE: RDC), Diamond Offshore Drilling Inc. (NYSE: DO), and Patterson-UTI Energy Inc. (NASDAQ: PTEN). On Wednesday, October 26, 2016, oil prices fell on doubts that OPEC would cut output. Register now and get full and free access to our downloadable research reports on these stocks at: http://stock-callers.com/registration
At the close on Wednesday, shares in Houston, Texas headquartered Atwood Oceanics Inc. declined 0.24%, ending the day at $8.43. The stock recorded a trading volume of 3.83 million shares. The Company's shares have advanced 17.08% in the last one month. The stock is trading above its 50-day moving average by 2.22%. Moreover, shares of Atwood Oceanics, which engages in the drilling and completion of exploratory and developmental oil and gas wells worldwide, have a Relative Strength Index (RSI) of 45.46.
On October 24th, 2016, Atwood Oceanics announced that it will release Q4 FY16 and Year-End earnings after the market closes on November 11th, 2016. The Company will hold its conference call and webcast in conjunction with the earnings release on November 14th, 2016 at 10:00 A.M. EDT.
Yesterday, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. Access our complete research report on ATW for free at: http://stock-callers.com/registration/?symbol=ATW
Shares in Houston, Texas-based Rowan Cos. PLC ended the day 2.18% higher at $14.09. A total volume of 4.38 million shares was traded, which was above their three months average volume of 3.91 million shares. In the last month, the stock has gained 5.54%. The Company's shares are trading above their 50-day moving average by 2.14%. Furthermore, shares of Rowan, which provides offshore oil and gas contract drilling services, have an RSI of 48.24.
On October 3rd, 2016, Rowan announced that it plans to report earnings for the three months ended September 30th, 2016, on November 1st, 2016, before the open of the financial markets in the US. Following the earnings report, the Company will conduct a conference call at 10:00 a.m. Central Time to discuss its operating results.
On October 7th, 2016, research firm Seaport Global Securities downgraded the Company's stock rating from 'Buy' to 'Neutral'. The complimentary research report on RDC can be downloaded at: http://stock-callers.com/registration/?symbol=RDC
Diamond Offshore Drilling
On Wednesday, shares in Houston, Texas headquartered Diamond Offshore Drilling Inc. finished 2.47% higher at $17.40 with a total trading volume of 2.73 million shares. The stock has advanced 8.68% in the last one month. The Company's shares are trading above their 50-day moving average by 0.97%. Additionally, shares of Diamond Offshore Drilling, which provides contract drilling services to the energy industry worldwide, have an RSI of 50.39.
On October 10th, 2016, Diamond Offshore Drilling announced that has been notified by its customer, BP PLC, that BP will no longer pursue a drilling campaign in the Great Australian Bight. In 2013, BP entered into a contract with Diamond Offshore Drilling for its harsh environment ultra-deepwater semi, the Ocean GreatWhite, and had intended to use the rig on the Great Australian Bight campaign. BP has confirmed that its decision will not impact Diamond Offshore's rig contract. BP and Diamond Offshore are exploring alternative locations for the Ocean GreatWhite.
On October 17th, 2016, research firm CLSA upgraded the Company's stock rating from 'Sell' to 'Underperform'. Register for free on Stock-Callers.com and get access to the latest PDF format report on DO at: http://stock-callers.com/registration/?symbol=DO
Houston, Texas headquartered Patterson-UTI Energy Inc.'s shares recorded a trading volume of 4.91 million shares, which was above their three months average volume of 3.47 million shares. The stock closed the day flat at $23.37. The Company's shares have surged 24.18% in the last one month, 21.46% over the previous three months, and 56.13% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.19% and 25.95%, respectively. Additionally, shares of Patterson-UTI Energy, which through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the US and Canada, have an RSI of 54.60.
On October 5th, 2016, Patterson-UTI Energy reported that for September 2016, the Company had an average of 62 drilling rigs operating in the US and two rigs in Canada. For the three months ended September 30th, 2016, the Company had an average of 60 drilling rigs operating in the US and two rigs in Canada. Download your free research report on PTEN at: http://stock-callers.com/registration/?symbol=PTEN
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