NEW YORK, March 10, 2017 /PRNewswire/ --
Today, Stock-Callers.com draws investors' attention to four Oil and Gas Drilling and Exploration companies, namely: Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR), Whiting Petroleum Corp. (NYSE: WLL), SeaDrill Ltd (NYSE: SDRL), and Transocean Ltd (NYSE: RIG). The Oil and Gas Drilling industry is powered by companies that extract oil on a contract basis. It may involve directional drilling, well drilling, and reconditioning of oil and gas field wells. Learn more about these stocks by downloading their free research reports in PDF format at:
On Thursday, shares in Rio de Janeiro, Brazil headquartered Petrobras recorded a trading volume of 30.19 million shares, which was higher than their three months average volume of 17.34 million shares. The stock ended the day at $9.26, declining 1.07% from the last trading session. The Company's shares are trading below their 200-day moving average by 2.22%. Furthermore, shares of Petroleo Brasileiro, which together with its subsidiaries, engages in the exploration, exploitation, and production of oil and gas, and energy in Brazil and internationally, have a Relative Strength Index (RSI) of 32.59.
On March 09th, 2017, Petrobras announced that in addition to the material facts disclosed on 11/30/2016 and 02/10/2017, the injunction that determined the interruption of the sale of 90% of Petrobras stake in Nova Transportadora do Sudeste, was suspended by the president of the Federal Regional Court for the 5th Region. With the favorable decision by said Court, the Company may move forward with this sale process. The transaction is part of Petrobras' partnership and divestment program, which amount to a total of US$ 13.6 billion in the 2015-2016 biennium. Sign up and read the free research report on PBR at:
Denver, Colorado-based Whiting Petroleum Corp.'s stock saw a slight drop of 0.64%, finishing yesterday's session at $9.31. A total volume of 18.22 million shares was traded, which was above their three months average volume of 13.53 million shares. The Company's shares are trading below their 200-day moving average by 5.74%. Additionally, shares of Whiting Petroleum, which engages in the development, production, acquisition, and exploration of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the US, have an RSI of 29.35.
On February 21st, 2017, Whiting Petroleum's total operating revenues were $342.70 million for Q4 2016 compared to $417.95 million for Q4 2015. The Company reported net loss available to common shareholders of $173.26 million, or $0.59 loss per diluted share, for Q4 2016 compared to net loss available to common shareholders of $98.69 million, or $0.48 per diluted share, in Q4 FY15. The complimentary research report on WLL can be downloaded at:
Shares in Hamilton, Bermuda-based SeaDrill Ltd ended the session 10.74% higher at $1.34. The stock recorded a trading volume of 27.88 million shares, which was above its three months average volume of 14.82 million shares. The Company's shares are trading 46.49% below their 50-day moving average. Moreover, shares of SeaDrill, which provides offshore drilling services to the oil and gas industry worldwide, have an RSI of 33.29.
On February 28th, 2017, SeaDrill reported Q4 2016 revenue of $667 million, operating income of $118 million, and EBITDA of $354 million. The Company reported net income of $127 million and diluted net income per share of $0.26 for Q4 2016. SeaDrill's underlying net income, excluding non-recurring items and non-cash mark to market movements on derivatives, was $111 million and earnings per share was $0.24 for Q4 2016. Register for free on Stock-Callers.com and access the latest report on SDRL at:
At the closing bell on Thursday, Vernier, Switzerland-based Transocean Ltd's stock dropped 3.31%, finishing at $11.99. A total volume of 19.26 million shares was traded, which was above their three months average volume of 12.62 million shares. The Company's shares are trading 1.37% above their 200-day moving average. Additionally, shares of Transocean, which together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide, have an RSI of 30.91.
On February 23rd, 2017, Transocean announced that revenues were $974 million for Q4 2016 up from $906 million in Q3 2016. The Company's operating and maintenance expense was $314 million, including $30 million in favorable items associated with litigation matters, for Q4 2016 compared with $407 million in the prior period. Net income attributable to controlling interest was $226 million, $0.60 per diluted share, for Q4 2016 compared with $230 million, $0.62 per diluted share, in Q3 2016. Cash flows from operating activities were $633 million for Q4 2016, up from $440 million in the previous quarter. Get free access to your research report on RIG at:
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