February 23, 2018 - 8:10 AM EST
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Today’s Research Reports on Trending Tickers: Whiting Petroleum and Weatherford International

NEW YORK, NY / ACCESSWIRE / February 23, 2018 / U.S. equities recovered on Thursday with the Dow Jones and S&P 500 closing in the green. The Federal Reserve released minutes from their Wednesday meeting that suggested a higher possibility of an interest rate hike. The Dow Jones Industrial Average settled to close at 24,962.48, up by 0.66 percent, while the S&P 500 Index gained 0.10 percent to close at 2,703.96. The Nasdaq Composite Index fell 0.11 percent to close at 7,210.09.

"We’re seeing a repricing of risk, given the anticipation of inflation and higher rates, but some of that is a byproduct of an improving economy, one that’s growing faster than normal. In general, the broader economic conditions continue to improve," said Steven Baffico, chief executive officer at Four Wood Capital Partners.

RDI Initiates Coverage on:

Whiting Petroleum Corporation

Weatherford International Plc

Whiting Petroleum's stock jumped 25.21% Thursday, to close the day at $28.26 after the driller reported stronger than expected fourth quarter results and a positive outlook for 2018. The company reported adjusted loss of 17 cents per share, 13 cents better than what analyst had expected. Production in Q4 was higher by 12% as compared to the Q3 production. The stock recorded a trading volume of 16,276,295 shares, which was above its three months average volume of 4,985,231 shares. In the last year, Whiting Petroleum's shares have traded in a range of 15.88 - 45.40. The share price has gained 77.96% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $27.27 is greater than its 200-day moving average of $23.10. Shares of Whiting Petroleum have fallen roughly 8.37 percent in the past month and are up 6.72 percent year-to-date.

Access RDI’s Whiting Petroleum Corporation Research Report at:

On Thursday, shares of Weatherford International recorded a trading volume of 21,948,601 shares, which was below the three months average volume of 24,350,254 shares. The stock ended the day 4.64% higher at 2.93. On Feb 21, the company announced launch of a private offering of $600 million senior notes due 2025. The stock is currently trading 58.67% below its 52-week high with a 52-week trading range of 2.62 - 7.09. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $3.63 is below its 200-day moving average of $3.79. Shares of Weatherford International have fallen roughly 32.02 percent in the past month and are down 29.74 percent year-to-date.

Access RDI’s Weatherford International Plc Research Report at:

Our Actionable Research on Whiting Petroleum Corporation (NYSE:WLL) and Weatherford International plc (NYSE:WFT) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com

Source: ACCESSWIRE Investor Awareness (February 23, 2018 - 8:10 AM EST)

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