Oil and Gas Drilling and Exploration Equities Technical Notes -- Petroleo Brasileiro, SandRidge Energy, Pioneer Energy Services, W&T Offshore, and Unit Corp.
NEW YORK, September 28, 2015 /PRNewswire/ --
Equity Research Institute has initiated coverage on the following equities: Petroleo Brasileiro S.A. (NYSE: PBR), SandRidge Energy Inc. (NYSE: SD), Pioneer Energy Services Corporation (NYSE: PES), W&T Offshore Inc. (NYSE: WTI), and Unit Corporation (NYSE: UNT). Free research report on Petroleo Brasileiro can be accessed at https://www.erionline.net/PBR.pdf On Friday, September 25, 2015, the NASDAQ Composite ended at 4,686.50, down 1.01%, the Dow Jones Industrial Average advanced 0.70%, to finish the day at 16,314.67, and the S&P 500 closed at 1,931.34, down 0.05%. The losses were broad based as six out of nine sectors ended the session in negative. Register for your complimentary reports at the links given below.
Petroleo Brasileiro S.A.'s stock finished Friday's session 1.45% lower at $4.08. A total of 36.33 million shares were traded, which was above its three months average volume of 33.08 million shares. Over the last one month and the previous three months, Petroleo Brasileiro S.A.'s shares have declined 19.69% and 56.64%, respectively. Additionally, the stock has plummeted 44.11% since the beginning of 2015. The company's shares are trading below their 50-day and 200-day moving averages by 29.73% and 43.45%, respectively. Petroleo Brasileiro S.A.'s stock has a Relative Strength Index (RSI) of 30.20. Sign up and read the free notes on PBR at:
https://www.erionline.net/PBR.pdf
On Friday, shares in SandRidge Energy Inc. ended the session flat at $0.30. The stock reported a trading volume of 25.66 million shares, above its three months average volume of 15.07 million shares. SandRidge Energy Inc.'s shares have declined 33.33% in the last one month, 68.42% in the previous three months and 83.52% on YTD basis. The company is trading 39.69% below its 50-day moving average and 76.75% below its 200-day moving average. Moreover, shares of SandRidge Energy Inc. have an RSI of 28.16. The complimentary notes on SD can be downloaded in PDF format at:
https://www.erionline.net/SD.pdf
Pioneer Energy Services Corp.'s stock declined 9.27%, to close the day at $2.25. The stock recorded a trading volume of 1.73 million shares, above its three months average volume of 1.28 million shares. Over the last one month and over the past three months, Pioneer Energy Services Corp.'s shares have lost 20.49% and 65.81%, respectively. Furthermore, the stock has plummeted 59.39% since the start of this year. The company's shares are trading 29.66% below their 50-day moving average. Additionally, Pioneer Energy Services Corp. has an RSI of 34.12. Register for free on Equity Research Institute and access the latest research on PES at:
https://www.erionline.net/PES.pdf
On Friday, shares in W&T Offshore Inc. recorded a trading volume of 1.06 million shares, lower than their three months average volume of 1.26 million shares. The stock ended the day 4.69% lower at $3.25. Although, W&T Offshore Inc.'s stock has surged 14.44% in the last one month, it has plummeted 42.68% in the previous three months and 55.72% on YTD basis. The company is trading below its 50-day and 200-day moving averages by 8.46% and 38.18%, respectively. Furthermore, shares of W&T Offshore Inc. have an RSI of 43.68. The complete research on WTI is available for free at:
https://www.erionline.net/WTI.pdf
Unit Corp.'s stock lost 2.05%, to close Friday's session at $11.49. The stock recorded a trading volume of 1.17 million shares, close to its three months average volume of 1.21 million shares. Over the last one month and previous three months, Unit Corp.'s shares have declined 10.09% and 59.56%, respectively. Additionally, the stock has declined 66.30% since the start of this year. The company is trading 27.64% and 57.31% below its 50-day and 200-day moving averages, respectively. Furthermore, Unit Corp.'s stock has an RSI of 35.48. Free in-depth research on UNT is available at:
https://www.erionline.net/UNT.pdf
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