Technical Commentary on Oil and Gas Drilling Stocks -- Paragon Offshore, Diamond Offshore Drilling, Vantage Drilling, Pioneer Energy Services, and North Atlantic Drilling
LONDON, May 5, 2015 /PRNewswire/ --
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Investor-Edge has initiated coverage on the following equities: Paragon Offshore PLC (NYSE: PGN), Diamond Offshore Drilling Inc. (NYSE: DO), Vantage Drilling Company (NYSE MKT: VTG), Pioneer Energy Services Corporation (NYSE: PES), and North Atlantic Drilling Ltd (NYSE: NADL). Free research report on Paragon Offshore can be accessed at http://get.Investor-Edge.com/pdf/?c=Paragon%20Offshore&d=05-May-2015&s=PGN. On Monday, May 04, 2015, the NASDAQ Composite ended at 5,016.93, up 0.23%, the Dow Jones Industrial Average advanced 0.26%, to finish the day at 18,070.40, and the S&P 500 closed at 2,114.49, up 0.29%. The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Energy Sector Index ended the day at 603.36, down 0.23%, while the index has advanced 6.26% in the last one month. Register for your complimentary reports at the links given below.
Paragon Offshore PLC's stock lost 2.31%, to close the day at $1.69. The stock recorded a trading volume of 0.83 million shares, much below its three months average volume of 2.37 million shares. The stock oscillated between $1.66 and $1.78 during the session. Over the last three trading sessions and since the start of 2015, Paragon Offshore PLC's shares have declined 6.11% and 38.99%, respectively. However, the stock has surged 35.20% in the last one month. The company is trading above its 50-day moving average of $1.62. Additionally, Paragon Offshore PLC has a Relative Strength Index (RSI) of 51.64. Sign up and read the free notes on PGN at:
http://get.Investor-Edge.com/pdf/?c=Paragon%20Offshore&d=05-May-2015&s=PGN
On Monday, shares in Diamond Offshore Drilling Inc. recorded a trading volume of 3.56 million shares, higher than its three months average volume of 1.97 million shares. The stock ended the day at $33.10, which was 1.11% below its previous day's closing of $33.47, and registered an intraday range of $31.76 and $33.88. Shares of the company traded at a PE ratio of 12.16. Diamond Offshore Drilling Inc.'s shares have advanced 4.75% in the previous three trading sessions and 20.58% in the last one month. However, the stock has declined 9.83% on YTD basis. The company is trading above its 50-day moving average of $29.34. Furthermore, shares of Diamond Offshore Drilling Inc. have an RSI of 68.28. The complimentary notes on DO can be downloaded as in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Diamond%20Offshore%20Drilling&d=05-May-2015&s=DO
Vantage Drilling Co.'s stock gained 3.55%, to close Monday's session at $0.41, after oscillating between $0.39 and $0.44. The stock recorded a trading volume of 1.28 million shares, below its three months average volume of 1.87 million shares. Over the previous three trading sessions and the last one month, Vantage Drilling Co.'s shares have advanced 2.01% and 35.39%, respectively. However, from the beginning of 2015, the stock has declined 16.94%. The company is trading above its 50-day moving average. The stock's 200-day moving average of $0.89 is above its 50-day moving average of $0.36. Furthermore, Vantage Drilling Co.'s stock traded at a PE ratio of 3.62 and has an RSI of 52.67. Register for free on Investor-Edge and access the latest research on VTG at:
http://get.Investor-Edge.com/pdf/?c=Vantage%20Drilling&d=05-May-2015&s=VTG
Pioneer Energy Services Corp.'s stock finished Monday's session 5.56% higher at $7.97. A total of 1.80 million shares were traded, which was above its three months average volume of 1.52 million shares. The stock moved between $7.61 and $8.06 during the session. Pioneer Energy Services Corp.'s shares have surged 47.05% in the last one month and 74.78% in the previous three months. Additionally, from the beginning of 2015, the stock has gained an upside of 43.86%. The company's shares are trading above their 50-day moving average. Moreover, the stock's 200-day moving average of $8.83 is greater than its 50-day moving average of $5.69. Pioneer Energy Services Corp.'s stock traded at a PE ratio of 38.27 and has an RSI of 72.66. The complete research on PES is available for free at:
http://get.Investor-Edge.com/pdf/?c=Pioneer%20Energy%20Services&d=05-May-2015&s=PES
On Monday, shares in North Atlantic Drilling Ltd fluctuated between $1.45 and $1.52 before ending the session 2.01% lower at $1.46. The stock reported a trading volume of 0.70 million shares, below its three months average volume of 1.25 million shares. Although, North Atlantic Drilling Ltd's shares have surged 20.66% in the last one month, it has lost 0.68% in the previous three trading sessions and 10.43% on YTD basis. The company is trading above its 50-day moving average of $1.39. Moreover, shares of North Atlantic Drilling Ltd have an RSI of 53.29. Free in depth research on NADL is available at:
http://get.Investor-Edge.com/pdf/?c=North%20Atlantic%20Drilling&d=05-May-2015&s=NADL
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