Stock Research Monitor: NOG, OBE, and PES
LONDON, UK / ACCESSWIRE / May 17, 2018/ If you want a free Stock Review on NE sign up now at www.wallstequities.com/registration. For today, WallStEquities.com has initiated report coverage on Noble Corp. PLC (NYSE: NE), Northern Oil and Gas Inc. (NYSE AMER: NOG), Obsidian Energy Ltd (OBE), and Pioneer Energy Services Corp. (NYSE: PES). Companies in the Oil and Gas Drilling and Exploration industry, search for potential underground or underwater crude oil or natural gas fields, and drill and operate wells that bring the crude oil or natural gas to the surface. All you have to do is sign up today for this free limited time offer by clicking the link below.
On Wednesday, shares in London, the UK headquartered Noble Corp. PLC recorded a trading volume of 5.44 million shares. The stock ended the session 1.80% higher at $5.66. The Company's shares have gained 24.40% in the last month, 43.29% over the previous three months, and 23.04% over the past year. The stock is trading 30.06% above its 50-day moving average and 34.64% above its 200-day moving average. Moreover, shares of Noble, which operates as an offshore drilling contractor for the oil and gas industry worldwide, have a Relative Strength Index (RSI) of 76.16.
On May 10th, 2018, Noble announced that its report of drilling rig status and contract information has been updated that day. The report, titled "Fleet Status Report," can be found under the "Investor Relations" section of the Company's website. Get the full research report on NE for free by clicking below at:
Northern Oil and Gas
Minnetonka, Minnesota-based Northern Oil and Gas Inc.'s stock closed the day 3.62% higher at $2.29. A total volume of 3.33 million shares was traded, which was above their three months average volume of 2.37 million shares. The Company's shares have advanced 37.13% in the past month, 25.82% in the previous three months, and 17.44% over the past year. The stock is trading 23.28% and 49.72% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company, which engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the US, have an RSI of 68.74.
On April 26th, 2018, Northern Oil and Gas announced that it has entered into a definitive agreement to acquire producing assets and acreage in the core of the Williston Basin in North Dakota for total consideration of $40 million in cash (subject to adjustments) and 6 million shares of the Company's common stock. Free research on NOG can be accessed at:
Shares in Calgary, Canada headquartered Obsidian Energy Ltd recorded a trading volume of 1.00 million shares. The stock ended yesterday's trading session 0.86% higher at $1.17. The Company's shares have advanced 6.36% in the past month and 15.84% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 10.61% and 8.03%, respectively. Furthermore, shares of Obsidian Energy, which explores for, develops, and produces oil and natural gas in western Canada, have an RSI of 62.78.
On May 01st, 2018, Obsidian Energy announced that it received notification from the NYSE that it has regained compliance with the NYSE's continued listing standard regarding the price of its common stock, as of April 30th, 2018. Visit WallStEquities.com now and sign up for the free research on OBE at:
Pioneer Energy Services
San Antonio, Texas-based Pioneer Energy Services Corp.'s stock finished Wednesday's session 5.61% higher at $5.65. A total volume of 1.21 million shares was traded, which was above their three months average volume of 562,990 shares. The Company's shares have surged 76.56% in the last month, 91.53% over the previous three months, and 98.25% over the past year. The stock is trading above its 50-day and 200-day moving averages by 69.11% and 111.25%, respectively. Additionally, shares of the Company, which provides land-based drilling and production services to oil and gas exploration and production companies in the US and Colombia, have an RSI of 87.35.
On May 02nd, 2018, Pioneer Energy Services reported its Q1 2018 results. Domestic drilling services utilization was 100% for the quarter, with an average margin of $10,436 per day. International drilling services average margin was $8,455 per day, and production services business revenue increased 20% from the prior quarter and generated a gross margin of 24%. Revenues for Q1 2018 were $144.5 million, net loss was $11.1 million, and adjusted EBITDA was $23.4 million. The free technical report on PES is available at:
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