Technical Reports on Oil & Gas Equities -- Pioneer Energy Services, Unit, Seadrill Partners, and Halcon Resources
NEW YORK, December 15, 2016 /PRNewswire/ --
Pre-market, Stock-Callers.com scans the most current performances of Pioneer Energy Services Corp. (NYSE: PES), Unit Corp. (NYSE: UNT), Seadrill Partners LLC (NYSE: SDLP), and Halcon Resources Corp. (NYSE: HK). These equities belong to the Oil and Gas Drilling and Exploration industry, which is engaged in contract-based oil and gas drilling services such as directional drilling, well drilling, and oil and gas field wells reconditioning. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
http://stock-callers.com/registration
Pioneer Energy Services
On Wednesday, shares in Texas headquartered Pioneer Energy Services Corp. recorded a trading volume of 1.37 million shares, which was above their three months average volume of 1.03 million shares. The stock ended at $5.70, declining 3.39% from the last trading session. The Company's shares have surged 46.15% in the last one month, 71.69% over the previous three months, and 162.67% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 26.48% and 58.18%, respectively. Furthermore, shares of Pioneer Energy Services, which provides land-based drilling and production services to oil and gas exploration and production companies in the US and Colombia, have a Relative Strength Index (RSI) of 58.96.
On December 12th, 2016, the Company announced the closing of its previously announced underwritten public offering of 12,075,000 shares of common stock at a public offering price of $5.75 per share. Net proceeds received by the Company from the offering were approximately $65.4 million after deducting underwriting discounts and estimated offering expenses payable by the Company. Pioneer Energy intends to use the net proceeds of the offering to repay indebtedness outstanding under its senior secured revolving credit facility.
On December 12th, 2016, research firm Wunderlich upgraded the Company's stock rating from 'Hold' to 'Buy'. Visit us today and access our complete research report on PES at:
http://stock-callers.com/registration/?symbol=PES
Unit
Tulsa, Oklahoma-based Unit Corp.'s stock finished yesterday's session 5.65% lower at $25.22 with a total trading volume of 678,061 shares. The Company's shares have gained 31.56% in the last one month, 55.30% over the previous three months, and 106.72% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 23.81% and 64.08%, respectively. Furthermore, shares of Unit, which together with its subsidiaries, operates as an oil and natural gas contract drilling company primarily in the US, have an RSI of 60.62.
On November 03rd, 2016, Unit recorded a net loss of $24.0 million or $0.48 per share for Q3 2016, compared to a net loss of $205.3 million, or $4.18 per share, for Q3 2015. The Company's Q3 2016 total revenues were $153.4 million compared to $212.4 million for Q3 2015.
On December 13th, 2016, research firm KLR Group downgraded the Company's stock rating from 'Hold' to 'Reduce'. The complimentary report on UNT can be downloaded at:
http://stock-callers.com/registration/?symbol=UNT
Seadrill Partners
At the closing bell on Wednesday, shares in London, the UK headquartered Seadrill Partners LLC saw a decline of 4.10%, ending the day at $4.21. The stock recorded a trading volume of 1.20 million shares, which was above its three months average volume of 706,170 shares. The Company's shares have advanced 27.96% in the last one month, 34.18% in the previous three months, and 39.94% on an YTD basis. The stock is trading 21.98% above its 50-day moving average and 5.69% above its 200-day moving average. Moreover, shares of Seadrill Partners, which owns, operates, and acquires offshore drilling units, have an RSI of 63.96.
On December 02nd, 2016 Seadrill Partners announced that it has received a notice of termination from Tullow Ghana Limited for the West Leo drilling contract dated December 1st, 2016. Tullow have purported to terminate the Contract by reason of the alleged Force Majeure claim declared in early October 2016, which the company has disputed. Further or alternatively, Tullow has alleged that the Contract has been discharged by frustration. Seadrill stated that it does not accept that the Contract can be terminated or discharged as alleged and mentioned that its claim in the English High Court proceedings will be amended to reflect this. Register for free on Stock-Callers.com and access the latest research report on SDLP at:
http://stock-callers.com/registration/?symbol=SDLP
Halcon Resources
Houston, Texas headquartered Halcon Resources Corp.'s stock ended the day 5.49% lower at $8.44. A total volume of 1.31 million shares was traded, which was higher than their three months average volume of 632,400 shares. The Company's shares have gained 3.05% in the last month and 569.84% on an YTD basis. The stock is trading 139.88% above its 200-day moving average. Additionally, shares of Halcon Resources, which engages in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the US, have an RSI of 42.90. Get free access to your research report on HK at:
http://stock-callers.com/registration/?symbol=HK
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article