Early Briefing on Energy Sector Equities -- Research on Penn West Petroleum, Hyperdynamics, Energy Transfer Partners, and Nordic American Tankers

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Jun 03, 2014, 09:00 ET from Investor-Edge

LONDON, June 3, 2014 /PRNewswire/ --

On Monday, June 02, 2014, the NASDAQ Composite ended at 4,237.20, down 0.13%, the Dow Jones Industrial Average advanced 0.16%, to finish the day at 16,743.63, and the S&P 500 closed at 1,924.97, up 0.07%. The gains were broad based six out of ten sectors ended the session in positive. The S&P 500 Energy Sector Index ended the day at 691.80, down 0.24%, while the index has advanced 8.37% in the previous three months. Investor-Edge has initiated coverage on the following equities: Penn West Petroleum Ltd (NYSE: PWE), Hyperdynamics Corp. (NYSE: HDY), Energy Transfer Partners L.P. (NYSE: ETP) and Nordic American Tankers Ltd (NYSE: NAT). Free technical research on PWE, HDY, ETP and NAT can be downloaded upon signing up at: http://www.investor-edge.com/3336-register Penn West Petroleum Ltd's stock finished the Monday's session 0.11% lower at $9.29. A total of 0.96 million shares were traded, which was below its three months average volume of 1.45 million shares. The stock moved between $9.24 and $9.37 during the session. Over the last three trading sessions and the previous three months, Penn West Petroleum Ltd.'s shares have gained 1.42% and 13.02%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 11.12%. The stock is trading above its 50-day moving average of $8.91, while the 50-day moving average is below Penn West Petroleum Ltd's 200-day moving average of $9.32. The company's stock has a Relative Strength Index (RSI) of 57.55. Sign up today to read free research on PWE at: http://www.investor-edge.com/3336-PWE-03Jun2014.pdf On Monday, shares in Hyperdynamics Corp. fluctuated between $2.42 and $2.65 before ending the session 6.79% lower at $2.47. Hyperdynamics Corp.'s stock reported a trading volume of 0.31 million shares, below its three months average volume of 1.28 million shares. Although, Hyperdynamics Corp.'s shares have rallied 65.77% in the last one month, it has declined 7.84% in the previous three trading sessions and 39.31% on YTD basis. The stock is trading above its 50-day moving average of $2.21. Moreover, shares of the company have an RSI of 49.90. Sign up today to read free research on HDY at: http://www.investor-edge.com/3336-HDY-03Jun2014.pdf Energy Transfer Partners L.P.'s stock edged 0.48% higher, to close the day at $56.59. The stock recorded a trading volume of 0.86 million shares, below its three months average volume of 0.99 million shares. The stock oscillated between $56.10 and $56.62 during the session. Over the last one month and over the past three months, Energy Transfer Partners L.P.'s shares have gained 1.05% and 1.91%, respectively. However, the stock has lost 1.15% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $55.38 is greater than its 200-day moving average of $53.75. Additionally, the stock traded at a PE ratio of 66.03 and has an RSI of 53.98. Sign up today to read free research on ETP at: http://www.investor-edge.com/3336-ETP-03Jun2014.pdf On Monday, shares in Nordic American Tankers Ltd recorded a trading volume of 1.69 million shares, higher than its three months average volume of 1.43 million shares. The stock ended the day at $8.33, which was 1.83% above its previous day's closing of $8.18, and registered an intraday range of $8.17 and $8.39. Nordic American Tankers Ltd.'s shares have lost 1.07% in the previous three trading sessions, 2.80% in the last one month and 14.12% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $8.86 and $9.02, respectively. Furthermore, shares of the company have an RSI of 40.35. Sign up today to read free research on NAT at: http://www.investor-edge.com/3336-NAT-03Jun2014.pdf EDITOR'S 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 produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com. 5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com. 6. 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