NEW YORK, December 20, 2016 /PRNewswire/ --
Companies in the Oil and Gas Drilling and Exploration space operate and develop oil and gas field properties. Activities include the exploration and production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, the exploration and production of natural gas, sulfur recovery from natural gas, and recovery of hydrocarbon liquids. Today, Stock-Callers.com presents the following equities for review: Atwood Oceanics Inc. (NYSE: ATW), Rowan Cos. PLC (NYSE: RDC), Diamond Offshore Drilling Inc. (NYSE: DO), and Antero Resources Corp. (NYSE: AR). Learn more about these stocks by downloading their free research reports in PDF format at:
Houston, Texas headquartered Atwood Oceanics Inc.'s stock finished Monday's session 1.11% higher at $13.61 with a total trading volume of 2.59 million shares. Over the last month and the previous three months, the Company's shares have surged 73.82% and 110.03%, respectively. Additionally, the stock has gained 34.02% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 46.83% and 40.33%, respectively. Moreover, shares of Atwood Oceanics, which engages in the drilling and completion of exploratory and developmental oil and gas wells, have a Relative Strength Index (RSI) of 74.30.
On December 16th, 2016, research firm RBC Capital Markets downgraded the Company's stock rating from 'Sector Perform' to 'Underperform' while revising its previous target price from $10 to $15.
On December 19th, 2016, Atwood Oceanics announced that one of its subsidiaries has agreed to a one-well drilling services contract with Woodside Energy Ltd for the ultra-deepwater rig, Atwood Osprey, offshore Australia. The contract will commence between May 24th, 2017, and July 7th, 2017, and has an estimated duration of approximately 130 days. The operating day rate will be $185,000 per day. Sign up and read the free research report on ATW at:
Shares in Houston, Texas-based Rowan Cos. PLC rose 1.27%, ending yesterday's session at $19.97 with a total trading volume of 2.16 million shares. The stock has gained 31.73% in the past month, 56.50% in the previous three months, and 17.82% on an YTD basis. The Company's shares are trading 26.08% above their 50-day moving average and 25.29% above their 200-day moving average. Moreover, shares of Rowan, which provides offshore oil and gas contract drilling services, have an RSI of 66.53.
On December 16th, 2016, research firm RBC Capital Markets downgraded the Company's stock rating from 'Sector Perform' to 'Underperform' while revising its previous target price from $16 to $23.
On December 19th, 2016, Rowan Companies PLC. announced early results of the previously announced cash tender offers to purchase the outstanding senior notes of Rowan Companies, Inc., a wholly owned subsidiary of the Company, for a maximum aggregate purchase price of up to $750,000,000, excluding accrued and unpaid interest. The company announced an increase in the aggregate amount of the 7.875% Senior Notes due 2019 being purchased from $100,000,000 to $207,215,910, excluding accrued and unpaid interest; and an increase in the consideration offered per $1,000 principal amount of each of the 4.875% Senior Notes due 2022 and the 4.750% Senior Notes due 2024. The complimentary research report on RDC can be downloaded at:
Diamond Offshore Drilling
On Monday, Houston, Texas headquartered Diamond Offshore Drilling Inc.'s stock climbed 0.21%, to close the day at $19.22. A total volume of 2.24 million shares was traded. The Company's shares have advanced 14.34% in the last one month and 25.95% in the previous three months. The stock is trading 9.68% above its 50-day moving average. Additionally, shares of Diamond Offshore Drilling, which provides contract drilling services to the energy industry worldwide, have an RSI of 54.50.
As per a SEC filing dated December 02nd, 2016, Diamond Offshore appointed Thomas M. Roth as its Senior Vice President - Worldwide Operations on December 01st, 2016. Prior to joining the Company, Mr. Roth, age 60, held a variety of managerial positions with Halliburton Company.
On December 16th, 2016, research firm RBC Capital Markets downgraded the Company's stock rating from 'Sector Perform' to 'Underperform' while revising its previous target price from $19 to $22. Register for free on Stock-Callers.com and access the latest report on DO at:
Shares in Denver, Colorado headquartered Antero Resources Corp. ended the day 0.12% lower at $24.40. A total volume of 3.13 million shares was traded. The stock has gained 11.93% since the start of this year. The Company's shares are trading below their 50-day moving average by 5.45%. Furthermore, shares of Antero Resources, which acquires, explores, and develops natural gas, natural gas liquids, and oil properties in the US, have an RSI of 40.28.
On December 09th, 2016, research firm Seaport Global Securities downgraded the Company's stock rating from 'Buy' to 'Accumulate'. Get free access to your research report on AR at:
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