Pre-Market Analysis: Petroleo Brasileiro S.A., Hercules Offshore Inc.,
Helmerich & Payne Inc., and W&T Offshore Inc.
LONDON, November 7, 2013
LONDON, November 7, 2013 /PRNewswire/ --
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On Wednesday, November 06, 2013, the U.S. equity market ended on a mixed note.
The S&P 500 and the Dow Jones Industrial Average gained 0.43% and 0.82%,
respectively, while the NASDAQ Composite fell by 0.20%. Shares in the oil and
gas drilling and exploration industry ended on mixed note, tracking the
broader market. The major movers in the industry included Petroleo Brasileiro
S.A. (NYSE: PBR), Hercules Offshore Inc. (HERO), Helmerich & Payne Inc. (NYSE:
HP), and W&T Offshore Inc. (NYSE: WTI). All these companies are tracked by
AAAResearchReports.com. Free technical research on PBR, HERO, HP, and WTI can
be downloaded upon signing up at:
Shares in Petroleo Brasileiro S.A. traded between $16.95 and $17.14 before
finishing the day 0.89% higher at $17.06. A total of 11.94 million shares were
traded, which is below the daily average volume of 16.82 million. The
company's shares have gained 8.66% in the last one month and 26.75% in the
previous three months, outperforming the S&P 500, which has gained 4.73% and
4.31% during the respective periods. Further, Petroleo Brasileiro S.A.'s stock
is trading above its 50-day and 200-day moving averages of $15.62 and $15.98,
respectively. Sign up and read the complimentary report on PBR at:
Hercules Offshore Inc.'s stock edged higher on Wednesday, even as the broader
market ended on a mixed note. The company's shares closed the day 0.38% higher
at $6.58, after vacillating between $6.40 and $6.69. A total of 3.48 million
shares were traded, which is above the daily average volume of 2.10 million.
Despite Wednesday's gains, the company's shares have fallen by 1.64% in the
previous three trading sessions, underperforming the S&P 500, which has gained
0.50% during the same period. Additionally, Hercules Offshore Inc.'s stock is
trading below its 50-day and 200-day moving averages of $7.30 and $7.13,
respectively. The free report on HERO can be downloaded by signing up now at:
On Wednesday, Helmerich & Payne Inc.'s stock posted losses to close at $77.65,
down 0.17% from the previous day's closing price of $77.78. The company's
shares vacillated between $77.04 and $78.52 during the trading session. A
total of 0.71 million shares were traded, which is below the daily average
volume of 1.01 million. Despite Wednesday's losses, the company's shares have
gained 5.36% in the last one month and 16.98% in the previous three months,
outperforming the S&P 500, which has gained 4.73% and 4.31% during the
respective periods. Furthermore, Helmerich & Payne Inc.'s stock is trading
near its 52-week high of $79.12 and above its 50-day and 200-day moving
averages of $71.22 and $65.28, respectively. A free report on HP can be
accessed by registering at:
W&T Offshore Inc.'s shares fluctuated between $18.74 and $19.87 before ending
Wednesday's session 0.99% lower at $18.99. A total of 0.64 million shares were
traded, which is above the daily average volume of 0.55 million. Despite
Wednesday's pullback, the company's shares have gained 0.32% in the previous
three trading sessions and 10.92% in the last three months, compared to a gain
of 0.50% and 4.31% in the S&P 500 during the respective periods. Moreover, W&T
Offshore Inc.'s stock is trading above its 50-day and 200-day moving averages
of $17.98 and $15.72, respectively. Register with AAA Research Reports and
download research on WTI for free at:
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