Coverage of Oil and Gas Drilling Equities - Parker Drilling, Pioneer Energy Services, Patterson-UTI Energy, Hercules Offshore, and Atwood Oceanics

LONDON, October 29, 2014 /PRNewswire/ --

Investor-Edge has initiated coverage on the following equities: Parker Drilling Company (NYSE: PKD), Pioneer Energy Services Corporation (NYSE: PES), Patterson-UTI Energy Inc. (NASDAQ: PTEN), Hercules Offshore Inc. (NASDAQ: HERO), and Atwood Oceanics Inc. (NYSE: ATW). Free research on these five companies can be accessed at: http://investor-edge.com/register. The US markets on Tuesday, October 28, 2014, ended on a positive note as the Dow Jones Industrial Average finished at 17,005.75, up 1.12% and the NASDAQ Composite closed at 4,564.29, up 1.75%. The S&P 500 finished the session 1.19% higher at 1,985.05. During the trading session, all the ten sectors finished on a higher note. The S&P 500 Energy Sector Index ended the day at 629.44, up 2.27%, whereas the index has declined 13.42% in the previous three months. Register for your complimentary reports on these five stocks at:  

http://investor-edge.com/register

Parker Drilling Co.'s stock surged 4.04%, to close the day at $4.63. The stock recorded a trading volume of 0.91 million shares, above its three months average volume of 0.88 million shares. The company's shares oscillated between $4.41 and $4.64 during the session. Over the last three trading sessions and over the past one month, Parker Drilling Co.'s shares have lost 4.54% and 10.10%, respectively. Further, the stock has declined 43.05% since the start of this year. The stock is trading below its 50-day and 200-day moving averages. Parker Drilling Co.'s shares 200-day moving average of $6.51 is above its 50-day moving average of $5.37. Additionally, the stock traded at a PE ratio of 11.89 and has a Relative Strength Index (RSI) of 42.47. Sign up and read the free notes on PKD at:

www.Investor-Edge.com/PKD-29Oct2014

On Tuesday, shares in Pioneer Energy Services Corp. recorded a trading volume of 3.12 million shares, much above its three months average volume of 0.97 million shares. The stock ended the day at $9.08, which was 11.24% below its previous day's closing of $10.23, and registered an intraday range of $8.77 and $10.00. Shares of the company traded at a PE ratio of 44.80. Although Pioneer Energy Services Corp.'s stock has gained 13.36% on YTD basis, it has plummeted 21.79% in the previous three trading sessions and 36.41% in the last one month. The stock is trading below its 50-day and 200-day moving averages of $13.34 and $13.57, respectively. Furthermore, shares of Pioneer Energy Services Corp. have an RSI of 34.25. On the same day, Pioneer Energy Services Corp. announced its Q3 FY 2014 financial results (period ended September 30, 2014). For Q3 FY 2014, the company reported net income attributable to Pioneer Energy Services Corp. of $12.45 million, or $0.19 per diluted share. The complimentary notes on PES can be downloaded as in PDF format at:

www.Investor-Edge.com/PES-29Oct2014

Shares in Patterson-UTI Energy Inc. advanced 1.55% to end Tuesday's session at $22.86. The stock recorded a trading volume of 7.34 million shares, above its three months average volume of 3.81 million shares. The company's shares fluctuated between $21.82 and $22.87 during the session. Shares of the company traded at a PE ratio of 17.31. Patterson-UTI Energy Inc.'s shares have lost 9.72% since the beginning of 2014. Further, the stock has plummeted 11.43% over the previous three trading sessions and 31.33% in the last one month. The stock is trading below its 50-day and 200-day moving averages. Patterson-UTI Energy Inc.'s shares 200-day moving average of $31.30 is above its 50-day moving average of $30.32. Additionally, the stock has an RSI of 32.10. Register for free on Investor-Edge and access the latest research on PTEN at:

www.Investor-Edge.com/PTEN-29Oct2014

On Tuesday, shares in Hercules Offshore Inc. fluctuated between $1.46 and $1.71 before ending the session 9.87% higher at $1.67. The stock reported a trading volume of 4.19 million shares, lower than its three months average volume of 4.45 million shares. Shares of the company traded at a PE ratio of 22.38. Hercules Offshore Inc.'s shares have gained 7.74% in the previous three trading sessions, while the stock has plummeted 29.83% in the last one month and 74.39% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $2.52 and $3.96, respectively. Moreover, shares of Hercules Offshore Inc. have an RSI of 31.60. The complete research on HERO is available for free at:

www.Investor-Edge.com/HERO-29Oct2014

Atwood Oceanics Inc.'s stock finished Tuesday's session 2.67% higher at $41.14. A total of 1.36 million shares were traded, which was above its three months average volume of 1.02 million shares. The stock vacillated between $39.82 and $41.21 during the session. Over the last one month and over the previous three months, Atwood Oceanics Inc.'s shares have lost 8.19% and 16.38%, respectively. Additionally, from the beginning of 2014, the stock has declined 22.94%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $47.71 is greater than its 50-day moving average of $44.17. Atwood Oceanics Inc.'s stock traded at a PE ratio of 8.67 and has an RSI of 40.16. Free in depth research on ATW is available at:

www.Investor-Edge.com/ATW-29Oct2014

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