NEW YORK, February 8, 2017 /PRNewswire/ --
Stock-Callers.com today revisits the Oil and Gas Drilling and Exploration industry which is engaged in the search for potential underground or underwater crude oil or natural gas fields, as well as the drilling and operation of wells that bring the crude oil or natural gas to the surface. Equities under review this morning are: Diamond Offshore Drilling Inc. (NYSE: DO), Bill Barrett Corp. (NYSE: BBG), W&T Offshore Inc. (NYSE: WTI), and Rex Energy Corp. (NASDAQ: REXX). Learn more about these stocks by downloading their free report at:
Diamond Offshore Drilling
Houston, Texas headquartered Diamond Offshore Drilling Inc.'s stock finished Tuesday's session 0.43% higher at $16.32. A total volume of 5.62 million shares was traded, which was above their three months average volume of 2.74 million shares. The Company's shares have advanced 3.82% over the previous three months. The stock is trading below its 50-day moving average by 11.03%. Furthermore, shares of Diamond Offshore Drilling, which provides contract drilling services to the energy industry worldwide, have a Relative Strength Index (RSI) of 38.09.
On January 09th, 2017, research firm Barclays upgraded the Company's stock rating from 'Underweight' to 'Equal Weight' while revising its previous target price from $15 a share to $19 a share.
On February 06th, 2017, Diamond Offshore reported revenue of $391.87 million for Q4 2016, compared to revenue of $349.18 million for Q3 2016. The Company registered net income of $73.06 million, or $0.53 per share for Q4 2016, compared to net income of $13.93 million, or $0.10 per share for Q3 2016. As of December 31st, 2016, the Company's total contracted backlog was $3.6 billion, which represents 25 rig years of work. The free research report on DO is available at:
Shares in Denver, Colorado headquartered Bill Barrett Corp. ended at $5.98, down 1.97% from the last trading session. The stock recorded a trading volume of 2.17 million shares. The Company's shares have gained 13.69% in the previous three months. The stock is trading 9.13% below its 200-day moving average. Moreover, shares of Bill Barrett, which acquires, explores for, and develops oil and natural gas resources in the US, have an RSI of 28.92.
On January 30th, 2017, Bill Barrett announced that for Q4 2016, West Texas Intermediate ("WTI") oil prices averaged $49.29 per barrel, Northwest Pipeline ("NWPL") natural gas prices averaged $2.72 per MMBtu and NYMEX natural gas prices averaged $2.99 per MMBtu. The Company had derivative commodity swaps in place for Q4 2016 for 7,750 barrels of oil per day tied to WTI pricing at $72.57 per barrel, 5,000 MMBtu of natural gas per day tied to NWPL regional pricing at $4.10 per MMBtu and no hedges in place for NGLs. Based on preliminary unaudited results, the Company expects to realize a cash commodity derivative gain of $17.2 million in Q4 2016. The complimentary report on BBG can be downloaded at:
Houston, Texas headquartered W&T Offshore Inc.'s stock ended yesterday's session 4.86% lower at $2.74 with a total trading volume of 1.63 million shares. The Company's shares have surged 98.55% in the previous three months. The stock is trading 2.44% above its 50-day moving average and 30.68% above its 200-day moving average. Additionally, shares of W&T Offshore, which engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico, have an RSI of 41.83.
On February 03rd, 2017, W&T Offshore announced that its year-end 2016 SEC proved reserves were 74.0 million barrels of oil equivalent ("Boe"), or 444.0 billion cubic feet ("Bcfe"), with 55% comprised of liquids and 45% natural gas. The present value of the Company's reported SEC proved reserves, discounted at 10% was $754.9 million. W&T Offshore's production for Q4 2016 was 3.7 million Boe compared to 4.1 million Boe in Q4 2015. Visit us today and download our complete research report on WTI for free at:
At the close of trading on Tuesday, shares in State College, Pennsylvania headquartered Rex Energy Corp. recorded a trading volume of 2.83 million shares. The stock finished 7.40% lower at $0.58. The Company's shares have gained 12.19% in the last one month, 29.64% over the previous three months, and 24.13% on an YTD basis. The stock is trading above its 50-day moving average by 2.53%. Furthermore, shares of Rex Energy, which operates as an independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the US, have an RSI of 42.31.
On January 23rd, 2017, Rex Energy announced that Q4 2016 production was 194.9 MMcfe/d, an increase of 12% on a y-o-y basis. Production consisted of 120.9 MMcf/d of natural gas and 12.3 Mboe/d of condensate and NGLs. Get free access to your technical report on REXX at:
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