U.S. Markets close in 2 hrs 46 mins

Today’s Research Reports on Trending Tickers: Newfield Exploration and Diamond Offshore Drilling

NEW YORK, NY / ACCESSWIRE / February 26, 2018 / U.S. market rallied on Friday as investors awaited an update on interest rates from the Federal Reserve. The Dow Jones Industrial Average was up by 1.39 percent to close at 25,309.99, benefiting from gains in companies like Goldman Sachs Group, while the Nasdaq Composite Index spiked 1.77 percent to close at 7,337.39. The S&P 500 Index jumped 1.60 percent to close at 2,747.30, with the utilities sector closing up above 2 percent and telecommunication closing above 1%.

"I think it was very impressive move for stocks [Friday] after seeing these heavy market selloffs," said J.J. Kinahan, chief strategist at TD Ameritrade. He also said that the monetary policy update and dovish comments from the Fed helped relieve market tension. "I think we are set up for an interesting Monday morning. Can we build on this momentum and go forward or is this as quick fade," Kinahan added.

RDI Initiates Coverage on:

Newfield Exploration Company
https://rdinvesting.com/news/?ticker=NFX

Diamond Offshore Drilling, Inc.
https://rdinvesting.com/news/?ticker=DO

Newfield Exploration's stock jumped 5.12% Friday, to close the day at $24.66. The stock recorded a trading volume of 6,302,475 shares, which was above its three months average volume of 2,999,552 shares. In the last year, Newfield Exploration's shares have traded in a range of 22.96 - 37.61. The stock is currently trading 34.43% below its 52 week high. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $30.47 is greater than its 200-day moving average of $29.44. Shares of Newfield Exploration are trading at a Price to Earnings ratio of 11.58. Shares of Newfield Exploration have fallen roughly 27.06 percent in the past month and are down 21.79 percent year-to-date.

Access RDI's Newfield Exploration Company Research Report at:
https://rdinvesting.com/news/?ticker=NFX

On Friday, shares of Diamond Offshore Drilling recorded a trading volume of 2,152,267 shares, which was above the three months average volume of 1,737,357 shares. The stock ended the day 5.07% higher at 15.35. The share price has gained 52.58% from its 52-week low with a 52-week trading range of 10.06 - 20.41. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $17.25 is greater than its 200-day moving average of $15.53. Shares of Diamond Offshore Drilling are trading at a Price to Earnings ratio of 118.08. Shares of Diamond Offshore Drilling have fallen roughly 20.22 percent in the past month and are down 17.43 percent year-to-date.

Access RDI's Diamond Offshore Drilling, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=DO

Our Actionable Research on Newfield Exploration Company (NYSE:NFX) and Diamond Offshore Drilling, Inc. (NYSE:DO) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

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

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

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

SOURCE: RDInvesting.com