How These Oil & Gas Stocks are Faring? -- Petroleo Brasileiro, Whiting Petroleum, Transocean, and Noble

NEW YORK, December 8, 2016 /PRNewswire/ --

Companies in the Oil and Gas Drilling and Exploration space search for potential underground or underwater crude oil or natural gas fields, and drill and operate wells that bring crude oil or natural gas to the surface. These firms on average pay much higher-than-average dividend yields. Pre-market, Stock-Callers.com has issued research reports on the following equities: Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR), Whiting Petroleum Corp. (NYSE: WLL), Transocean Ltd (NYSE: RIG), and Noble Corp. PLC (NYSE: NE). Register now and get full and free access to our downloadable research reports on these stocks at: http://stock-callers.com/registration

Petroleo Brasileiro- Petrobras 

Brazil headquartered Petrobras' stock finished Wednesday's session 0.37% higher at $10.81. A total volume of 27.80 million shares was traded, which was above their three months average volume of 26.42 million shares. The Company's shares have advanced 6.19% in the previous three months and 151.40% on an YTD basis. The stock is trading 1.21% above its 50-day moving average and 34.16% above its 200-day moving average. Additionally, shares of Petrobras, which together with its subsidiaries, engages in the exploration, exploitation, and production of oil and gas, and energy in Brazil and internationally, have a Relative Strength Index (RSI) of 54.01.

On December 05^th, 2016, Petrobras informed that it became aware of two decisions of the federal court of Sergipe state that granted injunctions in actions to suspend the divestment processes of the interest of its subsidiary BR Distribuidora and of the transfer of rights of oil and natural gas exploration, development and production of a set of onshore fields.  Petrobras announced that it will appeal these injunctions. Access our complete research report on PBR for free at: http://stock-callers.com/registration/?symbol=PBR

Whiting Petroleum  

On Wednesday, shares in Colorado-based Whiting Petroleum Corp. recorded a trading volume of 19.36 million shares. The stock ended the session 1.54% lower at $12.12. The Company's shares have surged 46.38% in the last one month, 44.46% over the previous three months, and 28.39% on an YTD basis. The stock is trading 32.42% above its 50-day moving average and 33.77% above its 200-day moving average. Moreover, shares of Whiting Petroleum, which engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the US, have an RSI of 70.64.

On November 21^st, 2016, Whiting Petroleum announced that it has entered into purchase and sale agreements to sell its 50% interest in its Robinson Lake natural gas processing plant and associated natural gas gathering system located in Mountrail County, North Dakota and its 50% interest in its Belfield natural gas processing plant and associated natural gas, crude oil, and water gathering systems located in Stark, Billings, and Dunn Counties, North Dakota. An affiliate of Tesoro Logistics Rockies, LLC, has agreed to purchase the assets for $700 million, pending regulatory approval. Whiting Petroleum's share of the sale price would be approximately $375 million.

On December 01^st, 2016, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $8 to $15. The complimentary research report on WLL can be downloaded at: http://stock-callers.com/registration/?symbol=WLL

Transocean  

Shares in Switzerland-based Transocean Ltd closed the day 2.11% higher at $14.55. The stock recorded a trading volume of 18.52 million shares, which was higher than its three months average volume of 15.80 million shares. The Company's shares have gained 49.54% in the last month, 38.97% in the previous three months, and 17.53% since the start of this year. The stock is trading 36.47% and 39.32% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Transocean, which together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide, have an RSI of 80.24.

On December 02^nd, 2016, research firm Bernstein initiated an 'Outperform' rating on the Company's stock.

On December 06^th, 2016, Transocean announced that the common unit-holders of Transocean Partners LLC approved, the merger agreement, as amended, among Transocean Ltd, Transocean Partners, and certain subsidiaries of Transocean Ltd, and the related merger. Register for free on Stock-Callers.com and get access to the latest PDF format report on RIG at: http://stock-callers.com/registration/?symbol=RIG

Noble  

At the close, shares in the UK headquartered Noble Corp. PLC finished 4.25% lower at $6.54. The stock recorded a trading volume of 11.98 million shares. The Company's shares have advanced 37.97% in the last one month and 1.40% over the previous three months. The stock is trading above its 50-day moving average by 14.96%. Furthermore, shares of Noble Corp., which operates as an offshore drilling contractor for the oil and gas industry worldwide, have an RSI of 60.27.

On December 02^nd, 2016, research firm Bernstein initiated a 'Market Perform' rating on the Company's stock. Download your free research report on NE at: http://stock-callers.com/registration/?symbol=NE

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