Oil & Gas Stocks on Investors' Radar -- Diamond Offshore Drilling, Penn West Petroleum, and Seadrill Partners

Sep 22, 2016, 07:00 ET from Chelmsford Park SA

NEW YORK, September 22, 2016 /PRNewswire/ --

Stock-Callers.com has on its radar three Oil and Gas Drilling and Exploration equities, namely: Diamond Offshore Drilling Inc. (NYSE: DO), Penn West Petroleum Ltd (NYSE: PWE), and Seadrill Partners LLC (NYSE: SDLP). According to an article on World Oil, global drilling is projected to fall 28.5% to 51,008 wells this year due to low crude prices. Learn more about these stocks by downloading their comprehensive and free reports at:


Diamond Offshore Drilling  

Houston, Texas headquartered Diamond Offshore Drilling Inc.'s shares gained 3.54%, closing Wednesday's trading session at $15.80. The stock recorded a trading volume of 3.96 million shares, which was above its three months average volume of 2.77 million shares. Shares of the Company are trading 21.29% below their 50-day moving average. Additionally, shares of Diamond Offshore Drilling, which provides contract drilling services to the energy industry worldwide, have a Relative Strength Index (RSI) of 38.37.

As per notes filed with the SEC on September 1st, 2016, a subsidiary of Diamond Offshore Drilling received notice of termination from Petroleo Brasileiro S.A. ("Petrobras") of its drilling contract on the Ocean Valor on August 30th, 2016. The drilling contract, which was extended in 2014, was estimated to conclude in accordance with its terms in October 2018. The company does not believe that Petrobras had a valid or lawful basis for terminating the contract, and the company intends to defend the rights of its subsidiary under the contract.

Yesterday, research firm Goldman downgraded the Company's stock rating from 'Neutral' to 'Sell'. DO complete research report is just a click away and free at:


Penn West Petroleum  

On Wednesday, shares in Calgary, Canada headquartered Penn West Petroleum Ltd recorded a trading volume of 3.10 million shares, which was above their three months average volume of 1.83 million shares. The stock rose 1.69%, ending the day at $1.80. The Company's shares have advanced 11.11% in the last month, 25.87% in the previous three months, and 114.29% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 17.89% and 65.21%, respectively. Furthermore, shares of Penn West Petroleum, which explores for, develops, and produces oil and natural gas properties in western Canada, have an RSI of 62.45. The complimentary report on PWE can be downloaded at:


Seadrill Partners  

Shares in London, the UK headquartered Seadrill Partners LLC ended yesterday's session 3.51% higher at $3.24. The stock recorded a trading volume of 448,782 shares. The Company's shares have advanced 4.29% on an YTD basis. The stock is trading 16.17% below its 200-day moving average. Moreover, shares of Seadrill Partners, which owns, operates, and acquires offshore drilling units, have an RSI of 36.57.

On August 25th, 2016, Seadrill Partners reported that total operating revenues for Q2 2016 were $418.5 million, down compared to total operating revenues for Q1 2016 of $444.0 million. The decrease is primarily related to the day rate reduction on the West Capricorn and the termination of the West Capella. Net income attributable to Seadrill Partners Members was $59.8 million for Q2 2016, compared to $36.1 million in Q1 2016. Distributable cash flow was $98.8 million for Seadrill Partners in Q2 2016 against $99.2 million in Q1 2016, providing a coverage ratio of 13.12x for Q2 2016. Distribution declared for the reported period was $0.10 per unit, equivalent to an annual distribution of $0.40

On September 9th, 2016, research firm Wells Fargo downgraded the Company's stock rating from 'Market Perform' to 'Underperform'. Get free access to your research report on SDLP at:



Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit


CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@stock-callers.com Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA