NEW YORK, October 17, 2016 /PRNewswire/ --
Stock-Callers.com has initiated reports coverage on the following Oil and Gas Drilling and Exploration equities: Whiting Petroleum Corp. (NYSE: WLL), Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR), Transocean Ltd (NYSE: RIG), and Noble Corp. PLC (NYSE: NE). According to a report by oil services provider Baker Hughes, US drillers added four rigs in the week of October 14th - the 16th consecutive week that oil drillers had gone without making cuts, which is a sign of more production. Learn more about these stocks by downloading their free research reports in PDF format at:
Last Friday at the close, shares in Colorado-based Whiting Petroleum Corp. ended 1.92% lower at $8.68. The stock recorded a trading volume of 16.10 million shares. Shares of the Company, 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 advanced 24.36% in the last one month. The stock is trading above its 50-day and 200-day moving averages by 9.77% and 1.87%, respectively. Furthermore, shares of Whiting Petroleum have a Relative Strength Index (RSI) of 54.02.
On October 06th, 2016, research firm Mizuho initiated a 'Neutral' rating on the Company's stock, issuing a target price of $9 per share.
On October 10th, 2016, Whiting Petroleum announced that it will release its Q3 2016 financial and operating results on October 26th, 2016 after the market closes. A conference call is scheduled for 11:00 a.m. EDT on October 27th, 2016 to discuss its Q3 2016 results. Sign up and read the free research report on WLL at:
Petroleo Brasileiro - Petrobras
Brazil headquartered Petroleo Brasileiro S.A.' stock finished Friday's session 1.27% higher at $11.14. A total volume of 25.79 million shares was traded, which was above their three months average volume of 22.49 million shares. The Company's shares have surged 20.17% in the last one month, 32.78% over the previous three months, and 159.07% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 18.41% and 67.15%, respectively. 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 an RSI of 69.96.
On September 21st, 2016, research Raymond James upgraded the Company's stock rating from 'Underperform' to 'Market Perform'.
On October 14th, 2016, Petróleo Brasileiro informed that it is in advanced negotiations with Ultrapar Participações S.A., in relation to the sale of its wholly owned subsidiary Liquigás Distribuidora S.A. The transaction depends on the conclusion of the negotiations and the approval by the internal bodies of both companies as well as by the appropriate regulatory agencies. The complimentary research report on PBR can be downloaded at:
Shares in Switzerland-based Transocean Ltd ended the session 2.12% lower at $9.70 and with a total trading volume of 12.58 million shares. The stock has gained 4.64% in the past month. The Company's shares are trading below their 50-day moving average by 2.79%. Moreover, shares of Transocean, which together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide, have an RSI of 47.15.
On October 04th, 2016, research firm Scotia Howard Weil upgraded the Company's stock rating from 'Sector Perform' to 'Sector Outperform'. The research firm also revised upwards its previous target price from $12 to $14.
On October 07th, 2016, Transocean announced that Transocean Phoenix 2 Limited, one of its wholly-owned indirect subsidiaries, has priced an offering of senior secured notes. The Issuer will issue U.S. $600 million in aggregate principal amount of senior secured notes due 2024. The Notes will bear interest at the rate of 7.75% per annum and will be callable after October 15th, 2020. The offering is expected to close on or about October 19th, 2016, subject to customary closing conditions. Register for free on Stock-Callers.com and access the latest report on RIG at:
The UK headquartered Noble Corp. PLC's stock recorded a trading volume of 5.91 million shares, and closed the day 0.84% lower at $5.90. The Company's shares have gained 8.06% in the past month. The stock is trading 2.86% below its 50-day moving average. Additionally, shares of Noble, which operates as an offshore drilling contractor for the oil and gas industry worldwide, have an RSI of 47.70.
On October 06th, 2016, Noble announced it plans to report financial results for Q3 2016 on November 3rd, 2016, after the close of market. Noble also has scheduled a conference call and webcast related to its Q3 2016 results on November 4th, 2016, at 8:00 a.m.
On October 07th, 2016, research firm Seaport Global Securities downgraded the Company's stock rating from 'Accumulate' to 'Neutral'. Get free access to your research report on NE at:
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