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
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