Pre-Market Analysis on Patterson-UTI Energy, Key Energy Services, Ensco, and Breitburn Energy PR Newswire LONDON, April 17, 2013 LONDON, April 17, 2013 /PRNewswire/ -- Earlier this week, a report showed that China's GDP grew 7.7% in the first quarter of 2013, falling short of consensus forecast of 8% growth. Recent economic data from U.S. has also been disappointing. U.S. and China are the biggest consumers of oil in the world, and any sign of slowdown in these countries is expected to have an impact on oil demand. This does not augur well for oil & gas drilling & exploration companies such as Patterson-UTI Energy Inc. (NASDAQ: PTEN), Key Energy Services Inc. (NYSE: KEG), ENSCO Plc (NYSE: ESV), and BrietBurn Energy Partners L.P. (NASDAQ: BBEP). On Tuesday, oil and gas stocks ended mostly higher as the broad market rebounded after Monday's sell-off. StockCall has posted free technical research on PTEN, KEG, ESV, and BBEP which can be downloaded upon sign up at http://www.stockcall.com/signup Shares of Patterson-UTI Energy Inc. edged higher in trading on Tuesday, tracking gains in the broad market. The stock touched an intra-day high of $23.34 before finishing the day 0.79% higher at $23.01 on above average volume of 4.35 million. Despite yesterday's gains, the company's shares are down more than 7% in the last three sessions. Year-to-date, however, the stock is still up nearly 23.80%. Shares of PTEN currently face resistance at around $25. The stock has strong support at around $23. Sign up and read the complimentary report on PTEN at http://www.StockCall.com/PTEN041713.pdf Key Energy Services Inc.'s shares were among the major gainers in the oil and gas sector yesterday. The stock closed 1.17% higher at $6.94 on above average volume of 3.73 million after touching an intra-day high of $7.10. However, shares of KEG are still down more than 11% in the last three sessions. The stock has slipped below its 50-day and 200-day moving averages, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Key Energy Services' shares are now down 0.14% for the year, mainly due to the recent losses. The stock is currently trading more than 52.70% below its 52-week high. The free report on KEG can be downloaded by signing up now at http://www.StockCall.com/KEG041713.pdf ENSCO Plc's shares struggled in Tuesday's trading session even as the broad market rallied. The stock closed 0.06% lower at $53.75 on above average volume of 4.04 million, taking its losses in the last three sessions to over 8%. The company's shares have seen a series of lows over the past few sessions, which is a bearish signal. The downbeat trend is further confirmed by recent volume activity, and its MACD chart. ENSCO's shares have underperformed the broad market so far in 2013, falling more than 8.50%. Free report on ESV can be accessed by registering at http://www.StockCall.com/ESV041713.pdf Breitburn Energy Partners L.P.'s shares rose sharply yesterday. The stock closed 1.69% higher at $19.81 on volume of 456,803 after touching an intra-day high of $19.99. Shares of BBEP are currently trading close to their 52-week high of $21.75. The stock has gained nearly 9.70% so far in the year. Breitburn's shares also moved above their 50-day moving average on Tuesday, which is a bullish signal. Register with StockCall and download the research on BBEP for free at http://www.StockCall.com/BBEP041713.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: Contact Person: William T. Knight, Email: email@example.com, Contact Number: +1(646)396-9857 (9:00 am EST – 01:30 pm EST)
Pre-Market Analysis on Patterson-UTI Energy, Key Energy Services, Ensco, and Breitburn Energy
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