NEW YORK, May 5, 2017 /PRNewswire/ --
Four Oil and Gas Drilling and Exploration stocks have been lined up for review on Stock-Callers.com today: Noble Corp. PLC (NYSE: NE), Ensco PLC (NYSE: ESV), Nabors Industries Ltd (NYSE: NBR), and Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR-A). These companies operate in the Basic Materials sector, which has received a rating of "Market Perform" from Charles Schwab on April 27th, 2017 due to positive factors such as increased demand for raw materials, an accommodative monetary policy, and easing fiscal restraint measures. Learn more about these stocks by accessing their free research reports at:
London, the UK headquartered Noble Corp. PLC's shares saw a decline of 5.08%, finishing Thursday's trading session at $4.30. A total volume of 15.82 million shares was traded, which was higher than their three months average volume of 12.16 million shares. The stock is trading below its 50-day moving average by 27.05%. Moreover, shares of Noble, which operates as an offshore drilling contractor for the oil and gas industry worldwide, have a Relative Strength Index (RSI) of 19.73.
On April 20th, 2017, Noble announced that its report of drilling rig status and contract information has been updated as of that day. The report, titled "Fleet Status Report," can be found under the Investor Relations section on the Company's website. Free research report on NE is available at:
On Thursday, shares in London, the UK headquartered Ensco PLC recorded a trading volume of 11.46 million shares, which was above their three months average volume of 9.74 million shares. The stock ended the session 4.14% lower at $7.18. The Company's shares are trading 18.46% below their 50-day moving average. Furthermore, shares of Ensco, which provides offshore contract drilling services to the oil and gas industry worldwide, have an RSI of 25.40.
On April 26th, 2017, Ensco reported a loss of $0.09 per share for Q1 2017 compared to earnings per share of $0.74 a year ago. Additionally, revenues for the three months ended March 31st, 2017 were $471 million; contract drilling expense was $278 million; depreciation expense was $109 million; and interest expense was $59 million. The complimentary research report on ESV can be downloaded at:
Shares in Hamilton, Bermuda headquartered Nabors Industries Ltd closed at $9.48, down 5.11% from the last trading session. The stock recorded a trading volume of 10.67 million shares, which was above its three months average volume of 7.01 million shares. The Company's shares are trading 27.22% below their 50-day moving average. Additionally, shares of Nabors Industries, which provides drilling and rig services, have an RSI of 17.43.
On April 05th, 2017, research firm Instinet upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On April 26th, 2017, Nabors Industries reported Q1 2017 earnings results. Operating revenue was $563 million for the quarter; net income from continuing operations attributable to the Company was a loss of $149 million; adjusted operating income was a loss of $104 million; and quarterly adjusted EBITDA represented a sequential decrease to $100 million. Visit us today and access our complete research report on NBR at:
Rio de Janeiro, Brazil headquartered Petroleo Brasileiro S.A. - Petrobras' stock ended 4.81% lower at $8.51. A total volume of 6.91 million shares was traded, which was above their three months average volume of 6.37 million shares. The Company's shares are trading below their 200-day moving average by 5.55%. Furthermore, shares of Petrobras, which operates as an integrated energy company in Brazil and internationally, have an RSI of 39.51. Get free access to your research report on PBR-A at:
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