Technical Breakdown Highlights on Oil and Gas Drillers
LONDON, UK / ACCESSWIRE / May 26, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Penn West Petroleum, Unit Corp., Seadrill Partners, and Pengrowth Energy.
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Oil and gas sector have been on slippery grounds in the last few years. Let us see how this is affecting some of the big names in the industry. Find out how to register for your free technical alerts by clicking below:
Let us take a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.
Penn West Petroleum Ltd (NYSE: PWE)
On Wednesday, shares in Calgary-based Penn West Petroleum Ltd, which is an oil and natural gas exploration company and producer operating in western Canada, recorded a trading volume of 1.26 million shares and ended the session 6.10% higher at $0.72. The stock is trading 19.62% below its 200-day moving average. The Company’s shares have a Relative Strength Index (RSI) of 37.94.
Unit Corp. (NYSE: UNT)
Oklahoma-based oil and natural gas contract drilling company, Unit Corp.’s stock closed the day 10.10% higher at $14.06 and with a total volume of 1.56 million shares traded. The Company’s shares have advanced 12.93% in the past month, 218.82% over the previous three months, and 15.25% since the start of this year. The stock is trading 26.63% above its 50-day moving average and 17.00% above its 200-day moving average. Additionally, shares of Unit have an RSI of 62.38. On May 06th, 2016, research firm Raymond James upgraded the Company’s stock rating from ‘Market perform’ to ‘Strong Buy’.
Seadrill Partners LLC (NYSE: SDLP)
Shares in offshore driller Seadrill Partners LLC, which is based in London, U.K., recorded a trading volume of 828,263 shares and ended yesterday’s trading session 6.37% higher at $5.01. The stock has advanced 3.73% in the past month, 134.31% in the previous three months, and 56.73% on an YTD basis. The Company’ shares are trading above their 50-day moving average by 16.97%. Furthermore, Seadrill Partners’ stock has an RSI of 54.20.
Pengrowth Energy Corp. (NYSE: PGH)
Pengrowth Energy Corp. engages in the acquisition, exploration, development, and production of oil and natural gas assets in a number of Canadian provinces. The Company’s stock finished Wednesday’s session 6.74% higher at $1.90 with a total volume of 1.44 million shares traded. The Company’s shares have advanced 27.52% in the last one month, 179.41% over the previous three months, and 160.27% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 37.48% and 86.94%, respectively. Additionally, shares of Pengrowth Energy have an RSI of 65.01. PGH alerts are available for free at:
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