NEW YORK, September 22, 2016 /PRNewswire/ --
Stock-Callers.com has on its radar three Oil and Gas Drilling and Exploration equities, namely: Diamond Offshore Drilling Inc.
(NYSE: DO), Penn West Petroleum Ltd (NYSE: PWE), and Seadrill Partners LLC (NYSE: SDLP). According to an article on World Oil,
global drilling is projected to fall 28.5% to 51,008 wells this year due to low crude prices. Learn more about these stocks by
downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Diamond Offshore Drilling
Houston, Texas headquartered Diamond Offshore Drilling Inc.'s shares gained 3.54%, closing
Wednesday's trading session at $15.80. The stock recorded a trading volume of 3.96 million shares,
which was above its three months average volume of 2.77 million shares. Shares of the Company are trading 21.29% below their
50-day moving average. Additionally, shares of Diamond Offshore Drilling, which provides contract drilling services to the energy
industry worldwide, have a Relative Strength Index (RSI) of 38.37.
As per notes filed with the SEC on September 1st, 2016, a subsidiary of Diamond
Offshore Drilling received notice of termination from Petroleo Brasileiro S.A. ("Petrobras") of its drilling contract on the
Ocean Valor on August 30th, 2016. The drilling contract, which was extended in 2014, was
estimated to conclude in accordance with its terms in October 2018. The company does not believe
that Petrobras had a valid or lawful basis for terminating the contract, and the company intends to defend the rights of its
subsidiary under the contract.
Yesterday, research firm Goldman downgraded the Company's stock rating from 'Neutral' to 'Sell'. DO complete research report
is just a click away and free at:
http://stock-callers.com/registration/?symbol=DO
Penn West Petroleum
On Wednesday, shares in Calgary, Canada headquartered Penn West Petroleum Ltd recorded a
trading volume of 3.10 million shares, which was above their three months average volume of 1.83 million shares. The stock rose
1.69%, ending the day at $1.80. The Company's shares have advanced 11.11% in the last month, 25.87%
in the previous three months, and 114.29% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by
17.89% and 65.21%, respectively. Furthermore, shares of Penn West Petroleum, which explores for, develops, and produces oil and
natural gas properties in western Canada, have an RSI of 62.45. The complimentary report on PWE
can be downloaded at:
http://stock-callers.com/registration/?symbol=PWE
Seadrill Partners
Shares in London, the UK headquartered Seadrill Partners LLC ended yesterday's session 3.51%
higher at $3.24. The stock recorded a trading volume of 448,782 shares. The Company's shares have
advanced 4.29% on an YTD basis. The stock is trading 16.17% below its 200-day moving average. Moreover, shares of Seadrill
Partners, which owns, operates, and acquires offshore drilling units, have an RSI of 36.57.
On August 25th, 2016, Seadrill Partners reported that total operating revenues for Q2
2016 were $418.5 million, down compared to total operating revenues for Q1 2016 of $444.0 million. The decrease is primarily related to the day rate reduction on the West Capricorn and the
termination of the West Capella. Net income attributable to Seadrill Partners Members was $59.8
million for Q2 2016, compared to $36.1 million in Q1 2016. Distributable cash flow was
$98.8 million for Seadrill Partners in Q2 2016 against $99.2 million
in Q1 2016, providing a coverage ratio of 13.12x for Q2 2016. Distribution declared for the reported period was $0.10 per unit, equivalent to an annual distribution of $0.40
On September 9th, 2016, research firm Wells Fargo downgraded the Company's stock
rating from 'Market Perform' to 'Underperform'. Get free access to your research report on SDLP at:
http://stock-callers.com/registration/?symbol=SDLP
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