LONDON, July 11, 2014 /PRNewswire/ --
The US markets on Thursday, July 10, 2014 ended on a negative note as the Dow Jones Industrial Average finished at 16,915.07, down 0.42% and the NASDAQ Composite closed at 4,396.20, down 0.52%. The S&P 500 finished the session 0.41% lower at 1,964.68. During the trading session, eight out of ten sectors finished on a lower note. The S&P 500 Energy Sector Index ended the day at 722.76, down 0.95%, whereas the index has gained 11.15% in the previous three months. Investor-Edge has initiated coverage on the following equities: Nabors Industries Ltd (NYSE: NBR), Rowan Companies PLC (NYSE: RDC), Patterson-UTI Energy Inc. (NASDAQ: PTEN) and Diamond Offshore Drilling Inc. (NYSE: DO). Free technical research on NBR, RDC, PTEN and DO can be downloaded upon signing up at:
http://www.investor-edge.com/4765-register
On Thursday, shares in Nabors Industries Ltd fluctuated between $28.62 and $29.15 before ending the session 0.92% lower at $28.99. The stock reported a trading volume of 2.08 million shares, much below its three months average volume of 4.25 million shares. Shares of the company traded at a PE ratio of 31.46. Nabors Industries Ltd's shares have fallen by 0.89% in the previous three trading sessions, while the stock has gained 7.17% in the last one month and 70.63% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $26.85 and $21.02, respectively. Moreover, shares of Nabors Industries Ltd have a Relative Strength Index (RSI) of 62.11. Sign up today to read free research on NBR at:
http://www.investor-edge.com/4765-NBR-11Jul2014.pdf
Rowan Companies PLC's stock fell 1.02%, to close the day at $31.15. The stock recorded a trading volume of 1.27 million shares, below its three months average volume of 1.96 million shares. The company shares oscillated between $30.96 and $31.27 during the session. Over the last three trading sessions and over the past one month, Rowan Cos PLC's shares have fallen by 1.46% and 2.69%, respectively. Further, the stock has lost 11.91% since the start of this year. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $33.32 is above its 50-day moving average of $31.38. Additionally, the stock traded at a PE ratio of 15.53 and has an RSI of 45.19. Sign up today to read free research on RDC at:
http://www.investor-edge.com/4765-RDC-11Jul2014.pdf
On Thursday, shares in Patterson-UTI Energy Inc. recorded a trading volume of 1.25 million shares, lower than its three months average volume of 2.17 million shares. The stock ended the day at $34.39, which was 1.69% below its previous day's closing of $34.98, and registered an intraday range of $34.11 and $34.77. Shares of the company traded at a PE ratio of 26.79. Although Patterson-UTI Energy Inc.'s stock has lost 2.36% in the previous three trading sessions, it has advanced 2.75% in the last one month and 35.82% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $33.52 and $28.20, respectively. Furthermore, shares of Patterson-UTI Energy Inc. have an RSI of 56.56. Sign up today to read free research on PTEN at:
http://www.investor-edge.com/4765-PTEN-11Jul2014.pdf
Shares in Diamond Offshore Drilling Inc. finished the Thursday's session 1.57% lower at $47.64. A total of 1.38 million shares were traded, which was below its three months average volume of 1.46 million shares. The stock vacillated between $47.25 and $48.24 during the session. Over the last one month and over the previous three months, Diamond Offshore Drilling Inc.'s shares have advanced 1.60% and 2.10%, respectively. However, from the beginning of 2014, the company's stock has lost 13.74%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $52.20 is greater than its 50-day moving average of $50.00. Shares of Diamond Offshore Drilling Inc. traded at a PE ratio of 12.82 and have an RSI of 44.57. Sign up today to read free research on DO at:
http://www.investor-edge.com/4765-DO-11Jul2014.pdf
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is 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 by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does 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.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Investor-Edge.com
SOURCE Investor-Edge
