Pre-Market Analysis: Nabors Industries Ltd, Noble Corp., Pengrowth Energy Corp., and Vantage Drilling Co.
LONDON, November 14, 2013 /PRNewswire/ --
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The U.S. equity market edged higher on Wednesday, November 13, 2013, with the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite rising 0.81%, 0.45%, and 1.16%, respectively. Shares in the oil and gas drilling and exploration industry mostly ended on a higher note, as the broader market edged higher. The major movers in the industry included Nabors Industries Ltd (NYSE: NBR), Noble Corporation (NYSE: NE), Pengrowth Energy Corporation (NYSE: PGH), and Vantage Drilling Company (NYSE MKT: VTG). All these companies are tracked by AAAResearchReports.com. Free technical research on NBR, NE, PGH, and VTG can be downloaded upon signing up at:
http://www.aaaresearchreports.com/register/
Shares in Nabors Industries Ltd ended flat on Wednesday, even as the broader traded posted gains. The company's shares closed the day at the previous day's closing price of $17.61, after oscillating between $17.21 and $17.62 during the trading session. A total of 3.08 million shares were traded, which is below the daily average volume of 3.55 million. The company's shares have gained 3.04% in the last one month and 11.10% in the previous three months, compared to a gain of 4.63% and 5.18% in the S&P 500 during the respective periods. Moreover, Nabors Industries Ltd's stock is trading above its 50-day and 200-day moving averages of $16.93 and $16.16, respectively. Sign up and read the complimentary report on NBR at:
http://www.AAAResearchReports.com/NBR111413.pdf
Noble Corp.'s stock advanced on Wednesday, tracking gains in the broader market. The company's shares closed the day 1.33% higher at $40.24, after vacillating between $39.38 and $40.24. A total of 3.38 million shares were traded, which is above the daily average volume of 3.13 million. The company's shares have gained 1.72% in the previous three trading sessions and 6.74% in the last one month, outperforming the S&P 500, which has advanced 0.64% and 4.63% during the respective periods. Moreover, Noble Corp.'s stock is trading above its 50-day and 200-day moving averages of $38.27 and $38.28, respectively. The free report on NE can be downloaded by signing up now at:
http://www.AAAResearchReports.com/NE111413.pdf
On Wednesday, Pengrowth Energy Corp.'s stock edged higher to close the day at $6.44, up 2.88% from the previous day's closing price of $6.26. The company's shares vacillated between $6.21 and $6.48 during the trading session. A total of 1.59 million shares were traded, which is above the daily average volume of 1.44 million. The company's shares have gained 2.38% in the previous three trading sessions and 12.59% in the last three months, outperforming the S&P 500, which has advanced 0.64%, and 5.18% during the respective periods. Additionally, Pengrowth Energy Corp.'s stock is trading near its 52-week high of $6.55 and above its 50-day and 200-day moving averages of $6.13 and $5.35, respectively. A free report on PGH can be accessed by registering at:
http://www.AAAResearchReports.com/PGH111413.pdf
Shares in Vantage Drilling Co. fluctuated between $1.84 and $1.90 before ending the day 2.16% higher at $1.89. A total of 0.91 million shares were traded, which is below the daily average volume of 1.18 million. The company's shares have gained 8.62% in the last one month and 6.78% in the previous three months, outperforming the S&P 500, which has advanced 4.63% and 5.18% during the respective periods. Further, Vantage Drilling Co.'s stock is trading above its 50-day and 200-day moving averages of $1.79 and $1.77, respectively. Register with AAA Research Reports and download research on VTG for free at:
http://www.AAAResearchReports.com/VTG111413.pdf
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SOURCE AAA Research Reports
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