Technical Report on Oil and Gas Drilling Stocks -- Diamond Offshore Drilling, Paragon Offshore, Pioneer Energy Services, Precision Drilling, and Rowan Companies

LONDON, August 19, 2014 /PRNewswire/ --

On Monday, August 18, 2014, the NASDAQ Composite ended at 4,508.31, up 0.97%, the Dow Jones Industrial Average finished the day 1.06% higher at 16,838.74, and the S&P 500 closed at 1,971.74, up 0.85%. The gains were broad based as eight out of ten sectors ended the session in positive. The S&P 500 Energy Sector Index ended the day at 702.12, up 0.28%, while the index has declined 2.74% in the last one month. Investor-Edge has initiated coverage on the following equities: Diamond Offshore Drilling Inc. (NYSE: DO), Paragon Offshore PLC (NYSE: PGN), Pioneer Energy Services Corporation (NYSE: PES), Precision Drilling Corporation (NYSE: PDS), and Rowan Companies PLC (NYSE: RDC). Free research on these five companies can be accessed at:

On Monday, Diamond Offshore Drilling Inc.'s stock recorded a trading volume of 1.28 million shares, lower than its three months average volume of 1.43 million shares. The stock finished the day at $43.93, down 0.90%, and registered an intraday range of $43.75 and $44.72. Diamond Offshore Drilling Inc.'s shares have declined 8.86% in the last one month and 10.43% in the past three months. Also, the stock has fallen by 19.17% on YTD basis. Furthermore, the company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $49.69 is above its 50-day moving average of $47.42. Additionally, shares of Diamond Offshore Drilling Inc. traded at a PE ratio of 14.71 and have a Relative Strength Index (RSI) of 32.28. Sign up and read the free notes on DO at:

Shares in Paragon Offshore PLC advanced 0.42%, to close Monday's session at $9.50, after oscillating between $9.32 and $9.56. The stock recorded a trading volume of 2.37 million shares during the session. Over the past three trading sessions, Paragon Offshore PLC's shares have gained 2.37%. Further, the stock has an RSI of 21.53. The complimentary notes on PGN can be downloaded as in PDF format at:

On Monday, Pioneer Energy Services Corp.'s stock finished the session 1.84% higher at $14.93. A total of 0.80 million shares were traded, which was close to its three months average volume of 0.77 million shares. The stock moved between $14.55 and $14.95 during the session. Over the last one month, Pioneer Energy Services Corp.'s shares have declined 17.38%. However, the stock has gone up 3.47% over the past three months and 86.39% since the start of this year. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $16.65 is greater than its 200-day moving average of $12.18. Shares of Pioneer Energy Services Corp. traded at a PE ratio of 120.92 and have an RSI of 36.91. Register for free on Investor-Edge and access the latest research on PES at:

Precision Drilling Corp.'s stock fluctuated between $11.91 and $12.14 before ending Monday's session down 0.33%, at $12.02. The stock reported a trading volume of 0.66 million shares, below its three months average volume of 1.42 million shares. Further, Precision Drilling Corp.'s shares have plummeted 11.88% over the last one month and 2.36% over the past three months. However, the stock has surged 28.28% on YTD basis. The company's stock is trading above its 200-day moving average. The stock's 50-day moving average of $13.40 is greater than its 200-day moving average of $11.35. Moreover, shares of Precision Drilling Corp. have an RSI of 36.89. The complete research on PDS is available for free at:

Shares in Rowan Companies PLC fell by 0.20%, to close Monday's session at $29.45, after vacillating between $29.24 and $29.70. The stock recorded a trading volume of 33.42 million shares, much above its three months average volume of 1.96 million shares. Over the last one month, shares of Rowan Companies PLC have lost 5.03%. Also, over the past three months and from the beginning of 2014, the stock has declined 2.22% and 16.71%, respectively. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $32.48 is above its 50-day moving average of $31.21. Further, Rowan Companies PLC's stock traded at a PE ratio of 16.88 and has an RSI of 40.32. Free in depth research on RDC is available at:


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