Oil & Gas Stock Roundup: Chevron OKs $37B Tengiz Expansion, National Oilwell Teams Up with GE
Nilanjan Choudhury - Zacks Investment Research - Tue Jul 12, 10:31AM CDT
Chevron (CVX)-led consortium approved a $37 billion expansion for the Tengiz oilfield, while National Oilwell Varco (NOV) collaborated with GE to offer FPSO solutions.
KMI: 19.86 (+0.64), NOV: 34.13 (+1.94), PBR: 8.10 (+0.33), PXD: 156.76 (+3.76), RIG: 12.85 (+1.07), XOM: 94.75 (+0.86), CVX: 106.80 (+1.41)
Transocean Affiliate Prices Senior Notes Worth $1.25 Billion
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 9:06AM CDT
Transocean Inc, an affiliate of a leading provider of drilling management services company Transocean Ltd. (RIG), announced the pricing of senior unsecured notes worth $1.25 billion for a public offering.
RIG: 12.85 (+1.07), ICD: 5.45 (+0.26), ORIG: 2.73 (+0.20), NADL: 6.09 (+0.54)
Oil & Gas Drilling & Exploration Stocks Coverage -- Petroleo Brasileiro, Whiting Petroleum, Transocean, and Bill Barrett
PR Newswire - Fri Jul 08, 6:55AM CDT
On Thursday, July 07, 2016, the NASDAQ Composite ended the trading session at 4,876.81, up 0.36%; the Dow Jones Industrial Average edged 0.13% lower, to finish at 17,895.88; and the S&P 500 closed at 2,097.90, down 0.09%. The gains were broad based as five out of nine sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: Petroleo Brasileiro S.A. (NYSE: PBR), Whiting Petroleum Corporation (NYSE: WLL), Transocean Ltd (NYSE: RIG), and Bill Barrett Corporation (NYSE: BBG). Learn more about these stocks by accessing their free notes at:
PBR: 8.10 (+0.33), WLL: 8.75 (+0.93), RIG: 12.85 (+1.07), BBG: 6.31 (+0.46)
Transocean Ltd. Announces Pricing U.S. $1.25 Billion Of Notes Due 2023
Globe Newswire - Fri Jul 08, 5:32AM CDT
ZUG, SWITZERLAND - July 8, 2016 - Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary (collectively with Transocean Ltd., "Transocean"
RIG: 12.85 (+1.07)
Oil & Gas Stock Roundup: Energy Transfer Quits Williams Deal, Kinder Morgan Sells 50% Ohio Pipeline Stake
Nilanjan Choudhury - Zacks Investment Research - Tue Jul 05, 2:59PM CDT
Energy Transfer Equity (ETE) walked away from the merger with Williams Companies (WMB), while Kinder Morgan (KMI) agreed to sell a 50% stake in its Utopia Pipeline Project.
KMI: 19.86 (+0.64), PBR: 8.10 (+0.33), HES: 60.05 (+3.98), RIG: 12.85 (+1.07), WMB: 22.16 (+1.43), BP: 36.98 (+0.87), ETE: 15.95 (+0.45)
Stock Market News for June 30, 2016
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 9:10AM CDT
enchmarks finished in the green on Wednesday for the second straight session following strong oil price rally and reduced “Brexit” concerns
GS: 156.54 (+4.35), JPM: 63.05 (+0.78), RIG: 12.85 (+1.07), MUR: 32.09 (+2.35), NKE: 58.02 (+1.19), C: 43.29 (+1.00), EOG: 85.28 (+2.38), HAL: 46.10 (+1.62), XOM: 94.75 (+0.86), COP: 43.90 (+1.45), WFC: 48.32 (+0.24), BAC: 13.53 (+0.32), CVX: 106.80 (+1.41)
The Zacks Analyst Blog Highlights: Braskem SA, North Atlantic Drilling, McDermott International, Transocean and Ocean Rig UDW LLC
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 8:30AM CDT
The Zacks Analyst Blog Highlights: Braskem SA, North Atlantic Drilling, McDermott International, Transocean and Ocean Rig UDW LLC
MDR: 5.11 (+0.21), BAK: 11.26 (+0.08), RIG: 12.85 (+1.07), ORIG: 2.73 (+0.20), NADL: 6.09 (+0.54)
Why Transocean (RIG) is Such a Great Value Stock Pick Right Now
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 7:58AM CDT
Transocean (RIG) is a strong candidate for an impressive value and could be a great choice for value investors at this time
RIG: 12.85 (+1.07)
Upgrade Alert for Transocean (RIG)
Comtex SmarTrend(R) - Thu Jun 30, 3:54AM CDT
Transocean (NYSE:RIG) was upgraded from Sell to Hold at Evercore ISI today. The stock closed yesterday at $11.62 on volume of 14.6 million shares, below average daily volume of 19.6 million. There is potential upside of 2.1% for shares of Transocean based on a current price of $11.62 and an average consensus analyst price target of $11.86. The stock should find resistance at its 200-day moving average (MA) of $12.30, as well as support at its 50-day MA of $10.08.
RIG: 12.85 (+1.07)
After Yesterday's Rally of 6.70% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Wed Jun 29, 2:54PM CDT
Transocean (NYSE:RIG) traded in a range yesterday that spanned from a low of $11.13 to a high of $11.89. Yesterday, the shares gained 6.7%, which took the trading range above the 3-day high of $11.71 on volume of 8.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
RIG: 12.85 (+1.07)
5 Top-Ranked Energy Bargains for Value Investors
Nilanjan Choudhury - Zacks Investment Research - Wed Jun 29, 1:30PM CDT
Prudent investors prefer low-priced value stocks amid the prevailing energy market volatility.
BAK: 11.26 (+0.08), MDR: 5.11 (+0.21), RIG: 12.85 (+1.07), ORIG: 2.73 (+0.20), APA: 57.66 (+2.55), NADL: 6.09 (+0.54)
Why Is Transocean (RIG) Stock Gaining Today?
Ryan McQueeney - Zacks Investment Research - Wed Jun 29, 12:09PM CDT
Shares of offshore drilling giant Transocean (RIG) gained over 6.5% in morning trading Wednesday following signs of renewed analyst optimism.
RIG: 12.85 (+1.07)
After Yesterday's Rally of 1.08% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Wed Jun 15, 12:13PM CDT
Transocean (NYSE:RIG) traded in a range yesterday that spanned from a low of $10.78 to a high of $11.53. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $11.38 on volume of 7.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
RIG: 12.85 (+1.07)
Surging Earnings Estimates Signal Good News for Transocean (RIG)
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 7:37AM CDT
Transocean (RIG) has a decent short-term momentum and it is seeing solid activity on the earnings estimate revision front too
RIG: 12.85 (+1.07)
Oil & Gas Stock Roundup: Shell Unveils New Strategy, BP to Spin Off Norway Business
Nilanjan Choudhury - Zacks Investment Research - Tue Jun 14, 1:32PM CDT
Royal Dutch Shell (RDS.A) unveiled a strategy to reshape the company through steeper cost cuts, while BP (BP) has agreed to spin off Its local business in Norway.
RDS.A: 55.72 (+0.84), RIG: 12.85 (+1.07), WMB: 22.15 (+1.42), BP: 36.98 (+0.87), ETE: 15.95 (+0.45), SWN: 14.25 (+1.35), STO: 17.65 (+0.41)
Restoration Hardware and Freeport-McMoran slide, Smucker up
AP - Thu Jun 09, 3:35PM CDT
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
RH: 30.77 (+0.50), RIG: 12.85 (+1.07), COF: 67.89 (+1.63), TLRD: 13.95 (+0.48), AEE: 52.69 (-0.25), SJM: 152.01 (-1.24)
The Zacks Analyst Blog Highlights: Devon Energy, Schlumberger, National Oilwell Varco, Transocean and Hercules Offshore
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 8:30AM CDT
The Zacks Analyst Blog Highlights: Devon Energy, Schlumberger, National Oilwell Varco, Transocean and Hercules Offshore
NOV: 34.13 (+1.94), HERO: 1.22 (+0.01), DVN: 39.98 (+2.31), RIG: 12.84 (+1.06), SLB: 79.88 (+1.86)
Oil & Gas Stock Roundup: Devon Energy Unloads $1B in Assets, Schlumberger Buys Omron Unit
Nilanjan Choudhury - Zacks Investment Research - Tue Jun 07, 1:50PM CDT
Devon Energy (DVN) announced non-core asset sale of $1 billion, while Schlumberger (SLB) acquired an automation technology company.
NOV: 34.13 (+1.94), DVN: 39.98 (+2.31), HERO: 1.22 (+0.01), RIG: 12.84 (+1.06), XOM: 94.75 (+0.86), CVX: 106.80 (+1.41), SLB: 79.88 (+1.86)
Transocean (RIG) Stock Up 15% on Offshore Drilling Contract
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 8:45AM CDT
Transocean Ltd. (RIG) has outbid its competitors for an offshore development in India at a time when drillers are facing rig contract terminations.
HERO: 1.22 (+0.01), RIG: 12.84 (+1.06), ICD: 5.45 (+0.26), NADL: 6.09 (+0.54)