Research Report Initiated on Select Oil & Gas Drilling & Exploration Equities

LONDON, UK / ACCESSWIRE / June 13, 2016 / ActiveWallSt.com announces the list of stocks for today’s research coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Oil & Gas Drilling & Exploration industry. Companies recently under review include Petroleo Brasileiro, Ensco, Noble, and Patterson-UTI Energy. Register with us now for your free membership and see our complete reports on these equities at:

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Today, ActiveWallSt.com is promoting its equity research coverage. Get all of our research report free by signing up to http://www.activewallst.com/register/.

Firms in the Oil and Gas Drilling and Exploration industry are operating in a very challenged and unsteady environment. Let us see how this is affecting some of the big names in the industry. Know more about these equities by accessing their full report for free at:

http://www.activewallst.com/register/

ActiveWallSt.com takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Petroleo Brasileiro S.A. (NYSE: PBR-A)

Last Friday at the close, shares in Rio de Janeiro, Brazil-based integrated energy Company, Petroleo Brasileiro S.A., ended at $5.09, which was a correction of 4.86%. The stock recorded a trading volume of 10.10 million shares. The Company’s shares have advanced 14.38% in the previous three months and 49.71% on an YTD basis. The stock is trading above its 200-day moving average by 27.82%. Furthermore, shares of Petroleo Brasileiro have a Relative Strength Index (RSI) of 50.42.

Ensco PLC (NYSE: ESV)

London, United Kingdom headquartered offshore contract drilling services provider, Ensco PLC’s stock finished Friday’s session 6.32% lower at $10.53 and with a total volume of 5.07 million shares traded. The Company’s shares are trading above their 50-day moving average by 0.83%. The stock has an RSI of 51.55.

Noble Corp. PLC (NYSE: NE)

Shares in London, United Kingdom headquartered offshore drilling contractor, Noble Corp. PLC saw a correction of 4.99%, to end the session at $9.14 with a total volume of 6.54 million shares traded. The stock is trading below its 50-day moving average by 6.17%. The Company’s shares have an RSI of 50.16.

Patterson-UTI Energy Inc. (NASDAQ: PTEN)

Houston, Texas-based Patterson-UTI Energy Inc.’s stock recorded a trading volume of 2.95 million shares and closed the day 2.95% lower at $21.07. The Company’s shares have gained 18.09% in the past month, 17.76% in the previous three months, and 40.62% on an YTD basis. The stock is trading 15.66% above its 50-day moving average and 34.29% above its 200-day moving average. Additionally, shares of Patterson-UTI Energy, which through its subsidiaries provides onshore contract drilling services, have an RSI of 66.51. On June 01st, 2016, research firm Credit Suisse downgraded the Company’s stock rating from ‘Neutral’ to ‘Underperform’.

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