NEW YORK, December 8, 2016 /PRNewswire/ --
Companies in the Oil and Gas Drilling and Exploration space search for potential underground or underwater crude oil or natural gas fields, and drill and operate wells that bring crude oil or natural gas to the surface. These firms on average pay much higher-than-average dividend yields. Pre-market, Stock-Callers.com has issued research reports on the following equities: Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR), Whiting Petroleum Corp. (NYSE: WLL), Transocean Ltd (NYSE: RIG), and Noble Corp. PLC (NYSE: NE). Register now and get full and free access to our downloadable research reports on these stocks at: http://stock-callers.com/registration
Petroleo Brasileiro - Petrobras
Brazil headquartered Petrobras' stock finished Wednesday's session 0.37% higher at $10.81. A total volume of 27.80 million shares was traded, which was above their three months average volume of 26.42 million shares. The Company's shares have advanced 6.19% in the previous three months and 151.40% on an YTD basis. The stock is trading 1.21% above its 50-day moving average and 34.16% above its 200-day moving average. Additionally, shares of Petrobras, which together with its subsidiaries, engages in the exploration, exploitation, and production of oil and gas, and energy in Brazil and internationally, have a Relative Strength Index (RSI) of 54.01.
On December 05th, 2016, Petrobras informed that it became aware of two decisions of the federal court of Sergipe state that granted injunctions in actions to suspend the divestment processes of the interest of its subsidiary BR Distribuidora and of the transfer of rights of oil and natural gas exploration, development and production of a set of onshore fields. Petrobras announced that it will appeal these injunctions. Access our complete research report on PBR for free at: http://stock-callers.com/registration/?symbol=PBR
On Wednesday, shares in Colorado-based Whiting Petroleum Corp. recorded a trading volume of 19.36 million shares. The stock ended the session 1.54% lower at $12.12. The Company's shares have surged 46.38% in the last one month, 44.46% over the previous three months, and 28.39% on an YTD basis. The stock is trading 32.42% above its 50-day moving average and 33.77% above its 200-day moving average. Moreover, shares of Whiting Petroleum, which engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the US, have an RSI of 70.64.
On November 21st, 2016, Whiting Petroleum announced that it has entered into purchase and sale agreements to sell its 50% interest in its Robinson Lake natural gas processing plant and associated natural gas gathering system located in Mountrail County, North Dakota and its 50% interest in its Belfield natural gas processing plant and associated natural gas, crude oil, and water gathering systems located in Stark, Billings, and Dunn Counties, North Dakota. An affiliate of Tesoro Logistics Rockies, LLC, has agreed to purchase the assets for $700 million, pending regulatory approval. Whiting Petroleum's share of the sale price would be approximately $375 million.
On December 01st, 2016, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $8 to $15. The complimentary research report on WLL can be downloaded at: http://stock-callers.com/registration/?symbol=WLL
Shares in Switzerland-based Transocean Ltd closed the day 2.11% higher at $14.55. The stock recorded a trading volume of 18.52 million shares, which was higher than its three months average volume of 15.80 million shares. The Company's shares have gained 49.54% in the last month, 38.97% in the previous three months, and 17.53% since the start of this year. The stock is trading 36.47% and 39.32% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Transocean, which together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide, have an RSI of 80.24.
On December 02nd, 2016, research firm Bernstein initiated an 'Outperform' rating on the Company's stock.
On December 06th, 2016, Transocean announced that the common unit-holders of Transocean Partners LLC approved, the merger agreement, as amended, among Transocean Ltd, Transocean Partners, and certain subsidiaries of Transocean Ltd, and the related merger. Register for free on Stock-Callers.com and get access to the latest PDF format report on RIG at: http://stock-callers.com/registration/?symbol=RIG
At the close, shares in the UK headquartered Noble Corp. PLC finished 4.25% lower at $6.54. The stock recorded a trading volume of 11.98 million shares. The Company's shares have advanced 37.97% in the last one month and 1.40% over the previous three months. The stock is trading above its 50-day moving average by 14.96%. Furthermore, shares of Noble Corp., which operates as an offshore drilling contractor for the oil and gas industry worldwide, have an RSI of 60.27.
On December 02nd, 2016, research firm Bernstein initiated a 'Market Perform' rating on the Company's stock. Download your free research report on NE at: http://stock-callers.com/registration/?symbol=NE
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA