This Morning's Technical Outlook on Oil & Gas Stocks -- Rowan, Transocean, SandRidge Energy, and W&T Offshore

NEW YORK, January 26, 2018 /PRNewswire/ --

WallStEquities.com strives to bring the best free research to the investment community.  Today we are offering reports on RDC, RIG, SD, and WTI which can be accessed for free by signing up to http://www.wallstequities.com/registration. This morning, WallStEquities.com scans these four stocks in the Oil and Gas Drilling and Exploration space: Rowan Cos. PLC (NYSE: RDC), Transocean Ltd (NYSE: RIG), SandRidge Energy Inc. (NYSE: SD), and W&T Offshore Inc. (NYSE: WTI). The Oil and Gas Drilling industry consists of companies engaged in oil and gas drilling services on a contract basis. Services include directional drilling, well drilling, and reconditioning of oil and gas field wells. All you have to do is sign up today for this free limited time offer by clicking the link below.

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Rowan 

Houston, Texas-based Rowan Cos. PLC's stock finished Thursday's session 0.06% higher at $15.61 with a total trading volume of 2.33 million shares. The Company's shares have advanced 3.45% in the past month and 16.75% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 3.67% and 21.27%, respectively. Furthermore, shares of Rowan, which provides offshore oil and gas contract drilling services, have a Relative Strength Index (RSI) of 47.50.

On January 05^th, 2018, Rowan announced that it has concluded the purchase of two LeTourneau Super 116E jack-up rigs, the P-59 and P-60, which were both delivered new into service in 2013 in a public auction from a subsidiary of Petroleo Brasileiro S.A. for $38.5 million per unit. Rowan intends to mobilize these modern jack-ups to the Middle-East from their current location in Brazil in late Q1 2018.

On January 23^rd, 2018, research firm Barclays downgraded the Company's stock rating from 'Equal Weight' to 'Underweight'. Get the full research report on RDC for free by clicking below at:

http://www.wallstequities.com/registration/?symbol=RDC

Transocean 

Shares in Vernier, Switzerland-based Transocean Ltd ended at $11.32, down 1.57% from the last trading session. The stock recorded a trading volume of 17.82 million shares, which was above its three months average volume of 11.41 million shares. The Company's shares have gained 9.27% in the last month and 11.42% in the previous three months. The stock is trading 5.83% above its 50-day moving average and 15.27% above its 200-day moving average. Moreover, shares of Transocean, which together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide, have an RSI of 51.57.

On January 04^th, 2018, research firm Jefferies upgraded the Company's stock rating from 'Hold' to 'Buy'.

On January 24^th, 2018, Transocean announced that it will report earnings for Q4 and full year of 2017 on February 20^th, 2018, following the close of trading on the NYSE. The Company will conduct a teleconference on February 21^st, 2018, at 9:00 a.m. EST to discuss the results. The teleconference will be simulcast in a listen-only mode under the "Investors, News, and Webcasts" section of the Company's website. RIG's complimentary research coverage is a few simple steps away at:

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SandRidge Energy 

Oklahoma headquartered SandRidge Energy Inc.'s stock ended yesterday's session 1.80% lower at $19.61 with a total trading volume of 195,384 shares. The Company's shares have advanced 8.22% in the past month and 6.63% over the previous three months. The stock is trading 3.46% and 4.57% above its 50-day and 200-day moving averages, respectively. Additionally, shares of SandRidge Energy, which engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and Rockies regions of the US, have an RSI of 47.68.

On December 28^th, 2017, SandRidge Energy (SD) announced that it has agreed with Bonanza Creek Energy, Inc. (BCEI) to terminate its previously announced agreement to acquire the latter. After consultation with SD's largest shareholders, it became clear that SD would not receive approval for the transaction at the planned special meeting. As part of the mutual termination agreement, SD will reimburse BCEI for transaction related expenses up to $3.7 million. Register for your free research report on SD at:

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W&T Offshore 

On Thursday, shares in Houston, Texas headquartered W&T Offshore Inc. recorded a trading volume of 3.37 million shares, which was above their three months average volume of 2.33 million shares. The stock finished 4.79% higher at $5.03. The Company's shares have surged 65.46% in the last month, 64.92% in the previous three months, and 63.84% over the past year. The stock is trading above its 50-day and 200-day moving averages by 41.67% and 91.64%, respectively. Furthermore, shares of W&T Offshore have an RSI of 73.97.

On January 10^th, 2018, research firm CapitalOne downgraded the Company's stock rating from 'Equal Weight' to 'Underweight'. Wall St. Equities' downloadable research report on WTI available at:

http://www.wallstequities.com/registration/?symbol=WTI

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