2014

Technical Briefing: Noble Corp., Nabors Industries Ltd, Pengrowth Energy Corp., and Vantage Drilling Co.

LONDON, September 24, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

On Monday, September 23, 2013, all three benchmark indexes of the US equity market closed lower, with the Dow Jones Industrial Average, the S&P 500, and the NASDAQ Composite falling by 0.32%, 0.47%, and 0.25%, respectively. Shares in the oil and gas drilling and exploration industry ended on a mixed note, even as the broader market declined. The major movers included Noble Corporation (NYSE: NE), Nabors Industries Ltd. (NYSE: NBR), Pengrowth Energy Corporation (NYSE: PGH), and Vantage Drilling Company (NYSE MKT: VTG). All these companies are tracked by AAAResearchReports.com. Free technical research reports on NE, NBR, PGH, and VTG can be accessed by signing up at:

http://www.aaaresearchreports.com/register/  

Shares in Noble Corp. fell by 0.37% on Monday as the broader market ended on a negative note. The company's stock fluctuated between $37.61 and $38.27 before ending the day at $38.11. A total of 3.23 million shares were traded, which is more than the daily average volume of 2.66 million. Noble Corp.'s shares have gained 2.53% in the previous three months, underperforming the S&P 500 which has advanced 6.87% during the same period. Moreover, the company's stock is trading above its 200-day moving average of $38.00. Download free report on NE upon registration at:

http://www.AAAResearchReports.com/NE092413.pdf  

On Monday, Nabors Industries Ltd's stock fell sharply to close at $16.15, which is 1.28% lower than the previous day's closing price of $16.36. The company's shares oscillated between $16.13 and $16.34 during the trading session. A total of 2.54 million shares were traded, which is below the daily average volume of 3.80 million. The company's shares have gained 3.00% in the previous three months, compared to a gain of 6.87% in the S&P 500 during the same period. Additionally, Nabors Industries Ltd's stock is trading above its 50-day and 200-day moving averages of $15.66 and $15.75, respectively. NBR technical report can be accessed for free by signing up at:

http://www.AAAResearchReports.com/NBR092413.pdf

Pengrowth Energy Corp.'s stock rose 0.69% on Monday, recovering some of the losses from the previous trading session. The company's shares closed the day at $5.84 after oscillating between $5.74 and $5.85. A total of 1.40 million shares were traded, which is below the daily average volume of 1.54 million. The company's shares have surged 21.41% in the previous three months and 5.61% in the last one month, compared to a gain of 6.87% and 2.30% in the S&P 500 during the respective periods. Moreover, Pengrowth Energy Corp's stock is trading above its 50-day and 200-day moving averages of $5.69 and $5.11, respectively. A free report on PGH can be accessed by registering at:

http://www.AAAResearchReports.com/PGH092413.pdf

Shares in Vantage Drilling Co. rose sharply on Monday, even as the US equity market finished on a lower note. The company's shares ended the day 1.12% higher at $1.80 after fluctuating between $1.74 and $1.80. A total of 0.71 million shares were traded, which is below the daily average volume of 1.63 million. The company's shares have gained 3.45% in the previous one month, outperforming the S&P 500 which has gained 2.30% during the same period. Further, Vantage Drilling Co.'s stock is trading above its 50-day and 200-day moving averages of $1.77 and $1.78, respectively. Register with AAA Research Reports and download research on VTG for free at:

http://www.AAAResearchReports.com/VTG092413.pdf  

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EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
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SOURCE AAA Research Reports



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