NEW YORK, Nov. 10, 2017 /PRNewswire/ --
If you want a Stock Review on PBR-A, PTEN, DO, or WTI then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Pre-market today, DailyStockTracker.com covers the following equities: Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR-A), Patterson-UTI Energy Inc. (NASDAQ: PTEN), Diamond Offshore Drilling Inc. (NYSE: DO), and W&T Offshore Inc. (NYSE: WTI). These companies are part of the Oil and Gas Drilling and Exploration space, which searches for potential underground or underwater crude oil or natural gas fields, and drill and operate wells that bring the crude oil or natural gas to the surface. Learn more about these stocks by signing up for their free reports on DailyStockTracker.com at: http://dailystocktracker.com/register/
On Thursday, shares in Rio de Janeiro, Brazil headquartered Petroleo Brasileiro S.A. – Petrobras recorded a trading volume of 5.12 million shares. The stock ended the session 0.67% lower at $10.35. The Company's shares have gained 1.97% in the last one month, 26.84% over the previous three months, and 17.48% on an YTD basis. The stock is trading 4.47% above its 50-day moving average and 14.96% above its 200-day moving average. Moreover, shares of Petrobras, which operates in the oil, natural gas, and energy industries, have a Relative Strength Index (RSI) of 53.79. The free research report on PBR-A is available at: http://dailystocktracker.com/registration/?symbol=PBR-A
Houston, Texas headquartered Patterson-UTI Energy Inc.'s stock closed the day 0.97% higher at $20.88 with a total trading volume of 3.27 million shares. The Company's shares have advanced 24.06% in the previous three months. The stock is trading 7.71% above its 50-day moving average. Additionally, shares of Patterson-UTI Energy, which through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the US and Canada, have an RSI of 63.37.
On October 12th, 2017, Patterson-UTI Energy (PTEN) announced that it has closed the previously announced acquisition of Multi-Shot, LLC d/b/a MS Energy Services. Total consideration for the acquisition included approximately 8.8 million shares of stock and $75 million of cash, which valued the transaction at approximately $262 million based on the most recent closing price for PTEN of $21.31.
On October 27th, 2017, research firm Cowen reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $24 a share to $20 a share. The complimentary report on PTEN can be downloaded at: http://dailystocktracker.com/registration/?symbol=PTEN
Diamond Offshore Drilling
Shares in Houston, Texas headquartered Diamond Offshore Drilling Inc. recorded a trading volume of 1.91 million shares. The stock ended yesterday's trading session 1.04% higher at $17.54. The Company's shares have advanced 16.93% in the past month and 54.13% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 20.49% and 25.82%, respectively. Furthermore, shares of the Company, which provides contract drilling services to the energy industry worldwide, have an RSI of 69.79.
On October 19th, 2017, research firm HSBC Securities initiated a 'Hold' rating on the Company's stock, with a target price of $15.80 per share.
On October 30th, 2017, Diamond Offshore Drilling reported results for Q3 2017. Total revenues for Q3 2017 were $366 million, and operating income was $59 million. Net income for the quarter was $11 million, and earnings per diluted share were $0.08. As of September 30th, 2017, the Company's total contracted backlog was $2.6 billion, which represents 20 rig years of work. Visit us today and download our complete research report on DO for free at: http://dailystocktracker.com/registration/?symbol=DO
Houston, Texas headquartered W&T Offshore Inc.'s stock finished Thursday's session 0.31% higher at $3.19 with a total trading volume of 2.06 million shares. The Company's shares have advanced 3.91% in the last one month, 61.93% over the previous three months, and 15.16% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 13.15% and 31.32%, respectively. 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 57.35.
On November 01st, 2017, W&T Offshore reported its Q3 2017 operational and financial results. Revenues for Q3 2017 were $110.3 million, lease operating expenses were $35.1 million, operating income was $15.7 million, and interest expense was $11.6 million. Adjusted net income, excluding special items, was $6.0 million for the quarter; cash flow from operating activities increased to $130.3 million; and adjusted EBITDA was $57.2 million. Get free access to your technical report on WTI at: http://dailystocktracker.com/registration/?symbol=WTI
Daily Stock Tracker:
Daily Stock Tracker (DST) 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. DST 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.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
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 firstname.lastname@example.org. 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 DST. DST 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.
DST, 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. DST, 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, DST, 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.
NOT AN OFFERING
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 DST 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 http://dailystocktracker.com/disclaimer/
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:
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
View original content:http://www.prnewswire.com/news-releases/todays-research-report-coverage-on-oil--gas-stocks----petroleo-brasileiro-patterson-uti-energy-diamond-offshore-drilling-and-wt-offshore-300553740.html