Market Overview

Free Technical Briefing on Oil and Gas Stocks -- Transocean, Unit, Whiting Petroleum, and W&T Offshore

Share:

Free Technical Briefing on Oil and Gas Stocks -- Transocean, Unit, Whiting Petroleum, and W&T Offshore

PR Newswire

NEW YORK, July 30, 2018 /PRNewswire/ -- If you want a free Stock Review on RIG, UNT, WLL, and WTI sign up now at https://stocktraderreport.com/registration/. On Friday, July 27, 2018, with all sectors in the red at the end of the trading sessions, US markets experienced broad based losses. Benchmark US indices were bearish at the end of last Friday's session - NASDAQ Composite down 1.46% closing at 7,737.42; the Dow Jones Industrial Average 0.30% lower, finishing at 25,451.06; and the S&P 500 ending at 2,818.82, down 0.66%. Pre-market today, StockTraderReport.com scans the performance of the following four Oil & Gas Drilling & Exploration stocks: Transocean Ltd (NYSE:RIG), Unit Corp. (NYSE:UNT), Whiting Petroleum Corp. (NYSE:WLL), and W&T Offshore Inc. (NYSE:WTI). All you have to do is sign up today for this free limited time offer by clicking the link below.

https://stocktraderreport.com/registration/

Transocean

On Friday, shares in Switzerland-headquartered Transocean Ltd recorded a trading volume of 9.11 million shares. The stock ended at $12.91, declining 0.77% from the last trading session. The Company's shares have gained 48.90% in the last twelve months and 20.88% on an YTD basis. The stock is trading above its 200-day moving average by 15.09%. Furthermore, shares of Transocean, which together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide, have a Relative Strength Index (RSI) of 49.66.

On July 09th, 2018, research firm Susquehanna upgraded the Company's stock rating from 'Neutral' to 'Positive'.

On July 23rd, 2018, Transocean issued its quarterly Fleet Status Report that provides the current status of, and contract information for, the Company's fleet of offshore drilling rigs. Since its last Fleet Status Report, the Company has added approximately $405 million in contract backlog. As of that day, the Company's backlog is $11.7 billion, which includes day rate reductions on four of its newbuild drillships related to cost de-escalations attributable to down-manning. Get the full research report on RIG for free by clicking below at:

https://stocktraderreport.com/registration/?symbol=RIG

Unit

USA-based Unit Corp.'s stock finished last Friday's session 2.90% lower at $24.41. A total volume of 355,176 shares was traded. The Company's shares have gained 33.83% in the last twelve months and 10.95% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.44% and 11.80%, respectively. Furthermore, shares of Unit, which together with its subsidiaries, operates as an oil and natural gas contract drilling company in the US, have an RSI of 42.77. UNT's complimentary research coverage is a few simple steps away at:

https://stocktraderreport.com/registration/?symbol=UNT

Whiting Petroleum

At the close of trading on Friday, shares in USA-based Whiting Petroleum Corp. saw a drop of 2.62%, ending the day at $47.92. The stock recorded a trading volume of 1.97 million shares. The Company's shares have advanced 18.79% in the previous three months, 137.23% over the last twelve months, and 80.97% since the start of this year. The stock is trading above its 200-day moving average by 37.73%. Moreover, shares of Whiting Petroleum, which engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the US, have an RSI of 37.75.

On July 09th, 2018, Whiting Petroleum announced that it will release its Q2 2018 financial and operating results on July 31st, 2018, after the market closes. A conference call with investors, analysts, and other interested parties is scheduled for 11:00 a.m. ET on August 01st, 2018, to discuss these results. Register for your free research report on WLL at:

https://stocktraderreport.com/registration/?symbol=WLL

W&T Offshore

USA-headquartered W&T Offshore Inc.'s shares ended the day 6.49% lower at $6.92 with a total trading volume of 4.19 million shares, which was above their three months average of 4.11 million shares. The stock has gained 17.49% in the previous three months, 254.87% over the last twelve months, and 109.06% on an YTD basis. The Company's shares are trading above their 200-day moving average by 39.62%. Additionally, shares of the Company, which acquires, explores for, and develops oil and natural gas properties in the Gulf of Mexico, have an RSI of 39.09.

On July 20th, 2018, W&T Offshore (WTI) announced the promotion of William Williford to Vice President and General Manager of Gulf of Mexico. He has been with WTI since 2006 and has served in various positions of increasing responsibility with the Company. Mr. Williford has over 20 years of oil and gas technical experience with large independents in the Gulf of Mexico and Domestic Onshore. Stock Trader Report's downloadable research report on WTI is available at:

https://stocktraderreport.com/registration/?symbol=WTI

--

Stock Trader Report:

Stock Trader Report (STR) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. STR has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

STR has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stocktraderreport.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by STR. STR is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY

STR, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. STR, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, STR, the Author, and the Reviewer do 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. 

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither STR nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

https://stocktraderreport.com/privacy-policy/

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company, we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@stocktraderreport.com
Phone number: 917-979-2038
Office Address: 22/F. 3 Lockhart Road, Wanchai Hong Kong

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

Cision View original content:http://www.prnewswire.com/news-releases/free-technical-briefing-on-oil-and-gas-stocks----transocean-unit-whiting-petroleum-and-wt-offshore-300688310.html

SOURCE Stock Trader Report

View Comments and Join the Discussion!