Pre-Market Review: Nabors Industries Ltd, Noble Corp., Pengrowth Energy Corp.,
and Vantage Drilling Co.
LONDON, August 16, 2013
LONDON, August 16, 2013 /PRNewswire/ --
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The U.S. equity market slipped on Thursday, August 15, 2013. All three
benchmark indexes closed lower, with the Dow Jones Industrial Average falling
1.47%, the S&P 500 falling 1.43%, and the NASDAQ composite declining 1.72%.
Shares in the oil and gas drilling and exploration industry ended on a mixed
note as the broader market declined. The major movers in the sector included
Nabors Industries Ltd. (NYSE: NBR), Noble Corp. (NYSE: NE), Pengrowth Energy
Corporation (NYSE: PGH), and Vantage Drilling Company (NYSE MKT: VTG).
AAAResearchReports.com initiated preliminary technical research on NBR, NE,
PGH, and VTG. These free reports are accessible by signing today at:
On Thursday, shares in Nabors Industries Ltd. edged slightly higher, reversing
some of their recent losses. The company's shares ended the day at $15.71, up
0.06%, after fluctuating between $15.53 and $15.80. A total of 2.79 million
shares were traded which is below the daily average volume of 4.04 million.
The company's shares have gained 5.58% in the last one month, outperforming
the S&P 500 which has lost 1.26% during the same period. Furthermore, Nabors
Industries Ltd's stock is currently trading above its 50-day and 200-day
moving averages. The free technical analysis on NBR is available by signing up
After fluctuating between $38.76 and $39.34, shares in Noble Corp. ended on a
lower note on Thursday. The company's shares finished the day 0.48% lower at
$39.04. A total of 1.51 million shares were traded which is below the daily
average volume of 2.77 million. The company's shares have lost 2.33% in the
last three months, compared to a gain of 0.15% in the S&P 500 during the same
period. However, Noble Corp.'s stock is trading above its 50-day and 200-day
moving averages. Register now to download free research on NE at:
Shares in Pengrowth Energy Corporation rose marginally on Thursday. The
company's shares vacillated between $5.66 and $5.78 to end the day 0.70%
higher at $5.77. A total of 1.31 million shares were traded which is below the
daily average volume of 1.59 million. The company's shares have gained 12.48%
in the last one month, and 16.33% in the last three months, outperforming the
S&P 500 which has lost 1.26% and gained 0.15% in the respective periods.
Furthermore, Pengrowth Energy Corp.'s stock is trading above its 50-day and
200- day moving averages. A free report on PGH can be accessed by registering
Shares in Vantage Drilling Company plummeted as the broader market declined.
The company's stock oscillated between $1.70 and $1.79 before closing at
$1.71, down 5.00% from its previous closing price. A total of 3.05 million
shares were traded which is above the daily average volume of 1.73 million.
Vantage Drilling Company's shares have fallen 3.93% in the last three trading
sessions, underperforming the S&P 500 which has lost 1.67% during the same
period. Moreover, the stock is trading below its 50-day and 200-day moving
averages. Register with AAA Research Reports and download research on VTG for
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