NEW YORK, July 19, 2016 /PRNewswire/ --
Stock-Callers.com has initiated coverage on the following
equities: Petroleo Brasileiro S.A. (NYSE: PBR-A), Ensco PLC
(NYSE: ESV), Noble Corp. PLC (NYSE: NE), and Tesoro Corp. (NYSE:
TSO). Learn more about these stocks by accessing their free notes
at:
http://stock-callers.com/registration
The Basic Materials sector is slowly stabilizing after having
hit rough waters at the start of the year. However, challenges,
such as inconsistencies in supply and demand, economic slowdown,
and low prices, are expected to continue hampering the industry
growth. In light of these, Stock-Callers.com takes a brief
technical look at how each of the companies mentioned
above have fared over the last few trading sessions. Register
with us now for your free membership and more at:
http://stock-callers.com/registration
Petroleo Brasileiro
Rio de Janeiro, Brazil
headquartered Petroleo Brasileiro S.A.' stock finished Monday's
session 4.75% higher at $7.06 with a
total volume of 10.41 million shares traded. The Company's shares
have skyrocketed 45.27% in the past month, 38.16% over the previous
three months, and 107.65% on an YTD basis. The stock is trading
above its 50-day and 200-day moving averages by 31.46% and 69.29%,
respectively. Furthermore, shares of Petroleo Brasileiro, which
operates as an integrated energy company in Brazil and globally, have a Relative Strength
Index (RSI) of 72.32.
On June 24th, 2016,
Petróleo Brasileiro revealed that its fully-owned subsidiary
Petrobras Global Finance B.V. has amended the terms of its earlier
announced offer to acquire all of PGF's 8.375% Global Notes due
2018 for cash. Petrobras extended the previously announced
expiration date for the Offer to buy and consent solicitation to
July 8th, 2016. The
Company also increased the total consideration for each
US$1,000 principal amount of 2018
Notes payable to holders of 2018 Notes to US$1,115 from US$1,100. Sign up and read the free notes on
PBR-A at:
http://stock-callers.com/registration/?symbol=PBR-A
Ensco
On Monday, shares in London,
the U.K. headquartered Ensco PLC ended the session at $10.34, up 0.58%. The stock recorded a trading
volume of 4.72 million shares. The Company's shares have gained
4.02% in the last one month and 2.69% in the previous three months.
The stock is trading 1.45% above its 50-day moving average.
Moreover, shares of Ensco, which provides offshore contract
drilling services to the oil and gas industry globally, have an RSI
of 51.54.
On June 29th, 2016,
Ensco under the filing with SEC noted that it has reached an
agreement with the customer of ENSCO 8503 to settle the customer's
remaining obligation under the drilling services contract, which
was scheduled to expire in August
2017, subject to certain conditions. As part of this
agreement, Ensco received a total consideration of $20 million, approximately $5 million of which was a deposit previously
provided to Ensco, pursuant to the contract. Additionally the
customer agreed to put a $5 million
deposit that can be applied as a credit toward certain future
drilling services initiated by the customer in the Gulf of Mexico on or before March 31st, 2017. The complimentary
note on ESV can be accessed at:
http://stock-callers.com/registration/?symbol=ESV
Noble Corp.
London, the U.K. headquartered
Noble Corp. PLC's stock ended yesterday's session 2.31% higher at
$8.43 with a total volume of 7.99
million shares traded. Shares of the Company, which operates as an
offshore drilling contractor for the oil and gas industry globally,
are trading 3.96% below their 50-day moving average. The stock has
an RSI of 48.19.
On June 22nd, 2016
Noble Corp. announced that it has received the full settlement
value of $540 million from
Freeport-McMoRan under the settlement and termination agreement
between Noble, Freeport and
Freeport's oil and gas subsidiary
announced in May 2016. The company is
also entitled to collect contingent payments of a total of
$75 million depending on the average
price of West Texas Intermediate crude oil (WTI) over a 12-month
period, beginning June
30th, 2016. Register for free and access the
latest notes on NE at:
http://stock-callers.com/registration/?symbol=NE
Tesoro
At the close on Monday, San Antonio,
Texas headquartered Tesoro Corp.'s stock recorded a trading
volume of 1.67 million shares and finished 1.87% higher at
$76.82. The Company's shares have
gained 4.60% in the last one month. The stock is trading above its
50-day moving average by 0.61%. Furthermore, shares of Tesoro,
which through its subsidiaries, operates as an independent
petroleum refining, logistics, and marketing company in the U.S.,
have an RSI of 53.37.
On June 20th, 2016,
Tesoro Corp. announced that its subsidiaries Tesoro Alaska Company
and Tesoro Alaska Terminals have acquired certain wholesale
marketing and logistics assets from Flint Hills Resources. The
purchased assets are located in Anchorage and Fairbanks, Alaska. The properties include all
of Flint Hills' wholesale fuel marketing contracts in Alaska; a 580,000-barrel in-service storage
capacity terminal in Anchorage
with a truck rack and rail loading capability; an airport terminal
in Fairbanks; and a multi-year
terminalling agreement at Flint Hills' North Pole terminal. The note on TSO is
available for free at:
http://stock-callers.com/registration/?symbol=TSO
--
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