Pre-Market Analysis: Patterson-UTI Energy Inc., Ensco PLC, Key Energy Services
Inc., and Breitburn Energy Partners L.P.
LONDON, October 9, 2013
LONDON, October 9, 2013 /PRNewswire/ --
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The U.S. equity market slipped on Tuesday, October 8, 2013. The Dow Jones
Industrial Average closed at 14,776.53, down 1.07%; the S&P 500 closed at
1,655.45, down 1.23%; and the NASDAQ Composite finished at 3,694.83, down
2.00%. The oil and gas drilling and exploration industry ended mostly on a
lower note as the broader market posted losses. The major movers in the
industry included Patterson-UTI Energy Inc. (NASDAQ: PTEN), Ensco PLC (NYSE:
ESV), Key Energy Services Inc. (NYSE: KEG), and BreitBurn Energy Partners L.P.
(NASDAQ: BBEP). All these companies are tracked by AAAResearchReports.com.
Free technical research on PTEN, ESV, KEG, and BBEP can be downloaded upon
signing up at:
Patterson-UTI Energy Inc.'s stock fell sharply by 2.42% on Tuesday, tracking
losses in the broader market. The company's shares vacillated between $22.56
and $23.48 before finishing the day at $22.60. A total of 2.33 million shares
were traded, which is below the daily average volume of 2.51 million. Despite
Tuesday's pullback, Patterson-UTI Energy Inc.'s shares have gained 13.97% in
the last one month and 8.71% in the previous three months, outperforming the
S&P 500 which has gained 0.02% and 0.91% during the respective periods.
Furthermore, the company's stock is trading above its 50-day and 200-day
moving averages of $20.59 and $21.41, respectively. Sign up and read the
complimentary report on PTEN at:
On Tuesday, Ensco PLC's stock fell sharply to close at$54.00, which is 1.14%
lower than the previous day's closing price of$54.62. The company's shares
oscillated between $53.98 and $54.96 during the trading session. A total of
1.27 million shares were traded, which is below the daily average volume of
1.79 million. The company's shares have declined 1.30% in the previous three
trading sessions, compared to a loss of 1.38% in the S&P 500 during the same
period. Additionally, Ensco PLC's stock is trading below its 50-day and
200-day moving averages of $56.31 and $58.92, respectively. The free report on
ESV can be downloaded by signing up now at:
Key Energy Services Inc.'s stock plummeted on Tuesday, extending its losses
from the previous trading session. The company's shares closed the day
at$7.05, down 3.03%, after oscillating between$7.05 and $7.35. A total of
2.13 million shares were traded, which is above the daily average volume of
1.95 million. Despite the recent losses, the company's shares have advanced
8.46% in the previous three months, compared to a gain of 0.91% in the S&P 500
during the same period. Furthermore, Key Energy Services Inc.'s stock is
trading above its 50-day moving average of $7.03. A free report on KEG can be
accessed by registering at:
Shares in BreitBurn Energy Partners LP rose marginally on Tuesday, even as the
broader market finished on a negative note. The company's shares ended the day
0.11% higher at $17.82 after fluctuating between $17.76 and $18.00 during the
trading session. A total of 0.22 million shares were traded, which is below
the daily average volume of 0.78 million. The company's shares have gained
14.82% in the previous three months and 2.59% in the last one month,
outperforming the S&P 500 which has gained 0.91% and 0.02% during the
respective periods. Moreover, BreitBurn Energy Partners LP's stock has also
moved below its 50-day and 200-day moving averages of $17.95 and $18.94,
respectively. Register with AAA Research Reports and download research on BBEP
for free at:
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