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Classified in: Oil industry, Business
Subject: INO

Technical Research on Oil and Gas Equities -- Patterson-UTI Energy, Diamond Offshore Drilling, W&T Offshore, and Ocean Rig



NEW YORK, October 3, 2017 /PRNewswire/ --

If you want a Stock Review on PTEN, DO, WTI, or ORIG then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. This morning, DailyStockTracker.com draws investors' attention to Patterson-UTI Energy Inc. (NASDAQ: PTEN), Diamond Offshore Drilling Inc. (NYSE: DO), W&T Offshore Inc. (NYSE: WTI), and Ocean Rig UDW Inc. (NASDAQ: ORIG). These stocks belong to the Oil and Gas Drilling industry, which 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. Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at: http://dailystocktracker.com/register/

Patterson-UTI Energy 

On Monday, shares in Houston, Texas headquartered Patterson-UTI Energy Inc. recorded a trading volume of 3.86 million shares. The stock ended the day at $20.83, declining 0.53% from the last trading session. The Company's shares have surged 30.43% in the past month. The stock is trading above its 50-day moving average by 16.24%. Furthermore, 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 a Relative Strength Index (RSI) of 74.18.

On September 05th, 2017, research firm JP Morgan upgraded the Company's stock rating from 'Neutral' to 'Overweight'.

On September 27th, 2017, Patterson-UTI Energy announced that it will hold a conference call on October 26th, 2017, at 9:00 a.m. CT to discuss results for Q3 ended September 30th, 2017. The call will be webcast and can be accessed under the Investors section of the Company's website. Sign up and read the free research report on PTEN at: http://dailystocktracker.com/registration/?symbol=PTEN

Diamond Offshore Drilling 

Houston, Texas headquartered Diamond Offshore Drilling Inc.'s stock saw a decline of 1.17%, finishing yesterday's session at $14.33 with a total trading volume of 2.36 million shares. The Company's shares have gained 26.14% in the last month and 24.93% over the previous three months. The stock is trading above its 50-day moving average by 16.78%. Additionally, shares of the Company, which provides contract drilling services to the energy industry worldwide, have an RSI of 61.20.

On September 14th, 2017, Diamond Offshore Drilling announced that Kelly Youngblood, CFO, is scheduled to speak at the UBS Energy Bus-less Tour on September 15th, 2017, at approximately 8:45 a.m. CT in Houston, Texas.

On September 25th, 2017, research firm UBS upgraded the Company's stock rating from 'Neutral' to 'Buy' while revising its previous target price from $12 a share to $15 a share. The complimentary research report on DO can be downloaded at: http://dailystocktracker.com/registration/?symbol=DO

W&T Offshore 

Shares in Houston, Texas headquartered W&T Offshore Inc. ended the session 5.25% higher at $3.21. The stock recorded a trading volume 4.75 million shares, which was above its three months average volume of 2.22 million shares. The Company's shares have gained 68.06% in the last one month, 58.91% over the previous three months, and 15.88% on an YTD basis. The stock is trading 48.76% above its 50-day moving average and 33.10% above its 200-day moving average. Moreover, 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 69.94.

On September 05th, 2017, W&T Offshore announced that the Bureau of Ocean Energy Management ("BOEM") has rescinded its four orders issued in 2016 that instructed the Company to provide additional supplemental bonding of $260.8 million. The Company is in compliance with its financial assurance obligations to the BOEM and has no outstanding BOEM orders related to financial assurance obligations. Register for free on DailyStockTracker.com and access the latest report on WTI at: http://dailystocktracker.com/registration/?symbol=WTI

Ocean Rig 

At the closing bell on Monday, Harbour Drive, the Cayman Islands-based Ocean Rig UDW Inc.'s stock dropped 1.18%, finishing at $23.49. A total volume of 220,986 shares was traded. Shares of the Company, which provides oilfield services for offshore oil and gas exploration, development, and production drilling worldwide, are trading 3.82% below their 50-day moving average.

On September 20th, 2017, Ocean Rig UDW announced that it will hold an Extraordinary General Meeting of Shareholders on November 03rd, 2017, at 9:00 a.m. local time at its offices located at 3rd Floor Flagship Building, Harbour Drive, Grand Cayman, Cayman Islands. Get free access to your research report on ORIG at: http://dailystocktracker.com/registration/?symbol=ORIG

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