NEW YORK, January 31, 2017 /PRNewswire/ --
Stock-Callers.com today takes a closer look at these Oil and Gas Drilling and Exploration equities: Atwood Oceanics Inc. (NYSE: ATW), Antero Resources Corp. (NYSE: AR), Rowan Cos. PLC (NYSE: RDC), and Vanguard Natural Resources LLC (NASDAQ: VNR). In the week ending January 27th, 2017, US energy companies added oil rigs for a 12th week in the last 13, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut production. Drillers added 15 oil rigs last week, bringing the total oil rig count to 566, the most since November 2015, according to energy firm Baker Hughes. Sign up today and download for free the research reports for the stocks covered today at:
Houston, Texas headquartered Atwood Oceanics Inc.'s stock finished Monday's session 7.87% lower at $12.18. A total volume of 4.81 million shares was traded, which was above their three months average volume of 4.48 million shares. Over the previous three months, the Company's shares have surged 41.96%. The stock is trading above its 50-day and 200-day moving averages by 1.11% and 18.11%, 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 43.60.
On January 11th, 2017, research firm Citigroup upgraded the Company's stock rating from 'Sell' to 'Neutral'.
On January 18th, 2017, Atwood announced that it will release Q1 FY17 earnings after the market closes on February 03rd, 2017. The Company will hold its conference call and webcast to discuss its Q1 FY17 earnings release on February 06th, 2017 at 9:00 A.M. CT. ATW complete research report is just a click away at:
Shares in Denver, Colorado headquartered Antero Resources Corp. dropped 4.68%, ending yesterday's session at $24.63. A total volume of 4.30 million shares was traded, which was higher than their three months average volume of 3.50 million shares. The stock has gained 2.84% in the past month and 4.14% on an YTD basis. The Company's shares are trading 1.79% below their 50-day moving average. Moreover, shares of Antero Resources, which acquires, explores, and develops natural gas, natural gas liquids, and oil properties in the US, have an RSI of 44.62.
On January 04th, 2017, Antero announced capital budget for full year 2017 of $1.5 billion, including $1.3 billion for drilling and completion and $200 million for core leasehold additions and extensions. Net production is expected to average 2,160 to 2,250 MMcfe/d in full year 2017, which represents y-o-y growth of 20% to 25%. The Company stated that approximately 70% of the drilling and completion budget for full year 2017 is allocated to the Marcellus Shale and the remaining 30% is allocated to the Ohio Utica Shale.
On January 13th, 2017, research firm Piper Jaffray upgraded the Company's stock rating from 'Neutral' to 'Overweight'. The complimentary report on AR can be downloaded at:
On Monday, Houston, Texas-based Rowan Cos. PLC's stock saw a decline of 7.68%, to close the day at $17.79. A total volume of 3.86 million shares was traded, which was above their three months average volume of 3.10 million shares. The Company's shares have advanced 27.25% in the previous three months. The stock is trading 8.45% above its 200-day moving average. Additionally, shares of Rowan, which provides offshore oil and gas contract drilling services, have an RSI of 40.69.
On January 23rd, 2017, Rowan announced that it plans to report earnings for Q4 2016 and full year 2016 on February 24th, 2017, before the open of the financial markets in the US via a press release. Following the earnings report, the Company will conduct a conference call at 10:00 a.m. CT to discuss its operating results.
On January 30th, 2017, research firm Jefferies downgraded the Company's stock rating from 'Buy' to 'Hold'. Sign up for your complimentary report on RDC at:
Vanguard Natural Resources
Shares in Houston, Texas headquartered Vanguard Natural Resources LLC ended the day 1.78% lower at $0.98, with a total trading volume of 1.44 million shares. The stock has gained 32.73% in the last one month, 16.93% in the previous three months, and 46.60% since the start of this year. The Company's shares are trading above their 50-day moving average by 20.75%. Furthermore, shares of Vanguard Natural Resources, which acquires and develops oil and natural gas properties in the US, have an RSI of 62.76.
As per a SEC filing dated January 05th, 2017, Vanguard paid the second $37.5 million deficiency payment installment under the Senior Secured Reserve-Based Credit Facility on January 03rd, 2017. As of January 04th, 2017, there were approximately $1.25 billion of outstanding borrowings under the Credit Facility with a current borrowing base of $1.1 billion. Download the research report for free on VNR at:
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