Market Momentum on Oil and Gas Drilling Stocks -- Seadrill, Transocean, Rowan Cos., Ensco, and Diamond Offshore Drilling

LONDON, November 6, 2014 /PRNewswire/ --

Investor-Edge has initiated coverage on the following equities: Seadrill Ltd (NYSE: SDRL), Transocean Ltd (NYSE: RIG), Rowan Companies PLC (NYSE: RDC), Ensco PLC (NYSE: ESV), and Diamond Offshore Drilling Inc. (NYSE: DO). Free research on these five companies can be accessed at: http://investor-edge.com/register. On Wednesday, November 5, 2014, the NASDAQ Composite ended at 4,620.72, down 0.06%, the Dow Jones Industrial Average advanced 0.58%, to finish the day at 17,484.53, and the S&P 500 closed at 2,023.57, up 0.57%. The gains were broad based as nine out of ten sectors ended the session in positive. The S&P 500 Energy Sector Index ended the day at 628.79, up 1.75%, while the index has declined 1.95% in the previous three trading sessions. Register for your complimentary reports on these five stocks at:  

http://investor-edge.com/register

Seadrill Ltd's stock advanced 4.63%, to close the day at $21.23. The stock recorded a trading volume of 8.22 million shares, above its three months average volume of 7.49 million shares. The stock oscillated between $20.39 and $21.38 during the session. Over the last three trading sessions and over the past one month, Seadrill Ltd's shares have declined 7.70% and 12.63%, respectively. Further, the stock has lost 48.32% since the start of this year. The company's stock closed below its 50-day and 200-day moving averages. The stock's 200-day moving average of $34.30 is above its 50-day moving average of $27.72. Additionally, Seadrill Ltd has a Relative Strength Index (RSI) of 25.30. Sign up and read the free notes on SDRL at:

http://www.Investor-Edge.com/SDRL-06Nov2014

On Wednesday, shares in Transocean Ltd recorded a trading volume of 11.11 million shares, higher than its three months average volume of 9.65 million shares. The stock ended the day at $28.89, which was 5.63% above its previous day's closing of $27.35, and registered an intraday range of $27.62 and $29.23. Shares of the company traded at a PE ratio of 5.66. Transocean Ltd's shares have lost 3.15% in the previous three trading sessions, 4.18% in the last one month and 41.54% on YTD basis. The company's stock closed below its 50-day and 200-day moving averages of $32.80 and $39.78, respectively. Furthermore, shares of Transocean Ltd have an RSI of 34.43. The complimentary notes on RIG can be downloaded as in PDF format at:

http://www.Investor-Edge.com/RIG-06Nov2014

Rowan Cos. PLC's stock gained 3.46%, to close Wednesday's session at $23.64, after oscillating between $22.78 and $24.24. The stock recorded a trading volume of 2.96 million shares, above its three months average volume of 2.83 million shares. Rowan Cos. PLC's shares have fallen by 2.60% in the previous three trading sessions and 3.90% in the last one month. Additionally, from the beginning of 2014, the stock has declined 33.14%. The company's stock closed below its 50-day and 200-day moving averages. The stock's 200-day moving average of $30.03 is above its 50-day moving average of $25.68. Further, Rowan Cos. PLC's stock traded at a PE ratio of 10.14 and has an RSI of 39.21. Register for free on Investor-Edge and access the latest research on RDC at:

http://www.Investor-Edge.com/RDC-06Nov2014

Ensco PLC's stock finished Wednesday's session 3.65% higher at $40.01. A total of 4.03 million shares were traded, which was below its three months average volume of 4.45 million shares. The stock moved between $38.60 and $40.28 during the session. Over the last three trading sessions and since the beginning of 2014, Ensco PLC's shares have declined 1.43% and 30.03%, respectively. However, the stock has gained 4.57% in the last one month. The company's shares closed below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $49.29 is greater than its 50-day moving average of $42.35. Ensco PLC's stock traded at a PE ratio of 8.28 and has an RSI of 43.81. The complete research on ESV is available for free at:

http://www.Investor-Edge.com/ESV-06Nov2014

On Wednesday, shares in Diamond Offshore Drilling Inc. fluctuated between $33.37 and $35.89 before ending the session 5.76% higher at $35.43. The stock reported a trading volume of 2.34 million shares, above its three months average volume of 1.88 million shares. Shares of the company traded at a PE ratio of 11.03. Although, Diamond Offshore Drilling Inc.'s shares have gained 9.55% in the last one month, it has lost 6.05% in the previous three trading sessions and 33.49% on YTD basis. The company's stock closed below its 50-day and 200-day moving averages of $37.51 and $44.13, respectively. Moreover, shares of Diamond Offshore Drilling Inc. have an RSI of 35.43. Free in depth research on DO is available at:

http://www.Investor-Edge.com/DO-06Nov2014

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE Investor-Edge

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.