NEW YORK, October 24, 2016 /PRNewswire/ --
This morning, Stock-Callers.com shifts its focus on four Oil and Gas Drilling and Exploration equities to see how current oil prices are affecting their most recent performances: Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR-A), Ensco PLC (NYSE: ESV), SeaDrill Ltd (NYSE: SDRL), and Nabors Industries Ltd (NYSE: NBR). On Friday, October 21, 2016, U.S. crude rose 35 cents, or 0.69%, at $50.98 a barrel from its previous close, while Brent futures climbed 53 cents, or 1.03%, at $51.91 a barrel. Learn more about these stocks by downloading their free research reports in PDF format at:
Petroleo Brasileiro S.A. - Petrobras
Last Friday at the close, shares in Rio de Janeiro, Brazil headquartered Petrobras ended 1.34% higher at $11.37. The stock recorded a trading volume of 12.15 million shares. The Company's shares have surged 32.06% in the last one month, 57.26% over the previous three months, and 234.41% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 32.95% and 102.43%, respectively. Furthermore, shares of Petrobras, which operates as an integrated energy company in Brazil and internationally, have a Relative Strength Index (RSI) of 80.58.
On October 21st, 2016, Petrobras announced that its Board of Directors approved agreements to settle four individual securities actions brought before the US District Court for the Southern District of New York by PIMCO Total Return Fund, et al., Dodge & Cox International Stock Fund, et al., Janus Overseas Fund, et al., and Al Shams Investments, et al. Petrobras will recognize a provision in its Q3 financial statements as a result of the settlements reached and the status of ongoing negotiations with certain other individual plaintiffs. The Company currently expects the amount of the provision to be US$ 353 million. These actions are consolidated with 23 other similar actions and the class action filed against the Company (and others) before the US District Court for the Southern District of New York. Sign up and read the free research report on PBR-A at:
London, the UK headquartered Ensco PLC's stock finished Friday's session 0.56% lower at $8.90 with a total trading volume of 5.56 million shares. The Company's shares have advanced 19.14% in the last one month. The stock is trading above its 50-day moving average by 12.00%. Additionally, shares of Ensco, which provides offshore contract drilling services to the oil and gas industry worldwide, have an RSI of 64.89.
On October 7th, 2016, Ensco announced that it will hold its Q3 2016 earnings conference call at 11:00 a.m. EDT on 27th October 2016. The earnings release will be issued before the NYSE opens that morning. The complimentary research report on ESV can be downloaded at:
Shares in Hamilton, Bermuda-based SeaDrill Ltd ended the session 1.70% lower at $2.31 and with a total trading volume of 5.30 million shares. The stock has gained 10.00% in the past month. The Company's shares are trading below their 50-day moving average by 5.24%. Moreover, shares of SeaDrill, which provides offshore drilling services to the oil and gas industry worldwide, have an RSI of 46.03.
On September 26th, 2016, Seadrill announced that it held its 2016 Annual General Meeting of Shareholders on September 23rd, 2016 at 9:00 a.m. At the meeting a number of following resolutions were passed: re-election of John Fredriksen, Kate Blankenship, Paul M. Leand, Jr., Ørjan Svanevik, Hans Petter Aas, Per Wullf, and Georgina E. Sousa as Directors of the Company; to amend and re-state Bye-law 61 relating to the quorum necessary for the transaction of the company's business at a General Meeting; to re-appoint PricewaterhouseCoopers LLP as auditors; and to authorize the Directors to determine their remuneration; and that the remuneration payable to the Company`s Board of Directors of a total amount of fees not to exceed US$1,000,000 be approved for the year ended December 31st, 2016. Register for free on Stock-Callers.com and access the latest report on SDRL at:
Hamilton, Bermuda headquartered Nabors Industries Ltd's stock recorded a trading volume of 6.29 million shares, and closed the day 0.53% lower at $13.05. The Company's shares have gained 25.00% in the past month, 42.17% in the previous three months, and 56.14% since the start of this year. The stock is trading 20.05% above its 50-day moving average and 42.79% above its 200-day moving average. Additionally, shares of Nabors Industries, which together with its subsidiaries, provides drilling and rig services, have an RSI of 65.93.
On September 29th, 2016, Nabors announced that its management will do conference call on October 26th, 2016, at 10:00 a.m. Central Time for discussion of operating results for Q3 2016. Nabors will release earnings after the market closes on October 25th, 2016. Get free access to your research report on NBR at:
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