July 11, 2016 - 9:16 AM EDT
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Coverage Initiated on Select Oil and Gas Drillers' Equities

LONDON, UK / ACCESSWIRE / July 11, 2016 / Active Wall St. announces the list of stocks for today's coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Oil & Gas Drilling & Exploration industry. Companies recently under review include Nabors Industries, Atwood Oceanics, Rowan Cos., and Rex Energy. See our complete notes on Nabors Industries at:


Today, AWS is promoting its equity coverage. Get all of our research notes free by signing up to http://www.activewallst.com/register/.

Due to market volatility, operators in the Oil and Gas Drilling and Exploration continue to aggressively modify their business models and engage in M&A activities. On July 08, 2016, the Dallas Federal Reserve Bank noted that oil prices have climbed from their February low of about $26 a barrel to near $50 a barrel. The higher prices have improved the outlook of oil and gas producers and increased activity in the oil patch. Drillers are putting rigs back into operation as they dispatched 10 more oil rigs to the field for the week ending on July 08, 2016, bringing the nation's overall rig count to its highest point in four months. Let us see how the current market environment is affecting some of the big names in the industry. Register with us now for your free membership and more at:


Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Nabors Industries Ltd (NYSE: NBR)

Last Friday, Hamilton, Bermuda headquartered Nabors Industries Ltd's stock surged 3.37%, to close the day at $9.82 with a total volume of 6.34 million shares traded. The Company's shares have advanced 5.16% in the previous three months and 16.85% on an YTD basis. Nabors Industries was rated "neutral" by analysts at Credit Suisse. They now have a price target of 4 9.0 for the stock. The stock is trading 4.95% above its 50-day moving average and 10.67% above its 200-day moving average. Additionally, shares of Nabors Industries, which together with its subsidiaries, provide drilling and rig services, have a Relative Strength Index (RSI) of 50.28.

Atwood Oceanics Inc. (NYSE: ATW)

Shares in Houston, Texas headquartered offshore drilling contractor, Atwood Oceanics Inc., climbed 2.38%, finishing Friday's session at $12.03. The stock recorded a trading volume of 3.88 million shares.

On June 24, 2016 Atwood Oceanics announced that it is making a tender offer for up to $150 million aggregate principal amount of its outstanding 6.50% Senior Notes due 2020. Atwood Oceanics expects that total consideration per $1000 principal amount of notes will be $650-$750, a discount of 25%-35%. In April 2016, Atwood Oceanics repurchased $140.7 million aggregate principal amount of 2020 notes at an average discount of 34.8%.

The Company's shares have surged 51.51% in the previous three months and 18.46% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.86% and 6.70%, respectively. Furthermore, shares of Atwood Oceanics, which engages in the drilling and completion of exploratory and developmental oil and gas wells globally, have an RSI of 50.59. On June 13th, 2016, research firm Johnson Rice downgraded the Company's stock rating from 'Buy' to 'Hold'.

On July 08, 2016, Atwood Oceanics, Inc. announced that it will release its Third Quarter Fiscal 2016 results on Monday, August 1, 2016, after the market close. The complimentary notes on ATW can be accessed at:


Rowan Cos. PLC (NYSE: RDC)

Houston, Texas-based Rowan Cos. PLC's stock finished 0.70% higher at $17.22 last Friday and with a total volume of 2.37 million shares traded.

On July 05, 2016, Equities researchers at Seaport Global Securities raised their Q2 2016 earnings per share (EPS) estimates for Rowan Cos. Seaport Global Securities now anticipates the company to earn $0.75 per share, up from their previous estimate of $0.71. The firm has a "Buy" rating and a $19.00 price objective on the stock.

Rowan last posted its quarterly earnings results on May 4, 2016. The company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.26.

Rowan Cos.' shares have advanced 10.81% in the previous three months and 1.59% on an YTD basis. The stock is trading above its 200-day moving average by 2.50%. Additionally, shares of Rowan Cos., which provides offshore oil and gas contract drilling services, have an RSI of 45.81. On July 05th, 2016, research firm Iberia downgraded the Company's stock rating from 'Outperform' to 'Sector Perform'. Register for free and access the notes on RDC at:


Rex Energy Corp. (NASDAQ: REXX)

Shares in State College, Pennsylvania headquartered Rex Energy Corp. ended last Friday's session 1.68% higher at $0.66 with a total volume of 1.03 million shares traded.

On July 05, 2016, Rex Energy announced that its bank group has reaffirmed the existing $190 million borrowing base under the company's senior secured credit facility, inclusive of the previously announced sale of the Illinois Basin asset.

The stock is trading 14.48% below its 50-day moving average. Shares of the Company, which operates as an independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the U.S., have an RSI of 40.78. REXX free notes are just a click away at:


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SOURCE: Active Wall Street

Source: ACCESSWIRE Investor Awareness (July 11, 2016 - 9:16 AM EDT)

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