Drilling Cos. See Shares Decline After Oil Prices Drop

Date : 07/02/2019 @ 9:25PM
Source : Dow Jones News
Stock : Diamond Offshore Drilling Inc (DO)
Quote : 8.265  -0.445 (-5.11%) @ 6:05PM

Drilling Cos. See Shares Decline After Oil Prices Drop

Transocean (NYSE:RIG)
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3 Months : From Jun 2019 to Sep 2019

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   By Stephen Nakrosis 
 

Shares of several drilling and oilfield services companies are in the red as Tuesday's market nears it close, following a 5% drop in U.S. oil prices.

At 3:46 p.m. ET, shares of Transocean Ltd. (RIG) had lost 5.12%, to trade at $6.11. Nabors Industries Ltd. (NBR) saw its shares drop 7.07%, to $2.82. Shares of Pioneer Energy Services Corp. (PES) lost 12.99%, trading at 23 cents a share. Patterson-UTI Energy Inc. (PTEN) were down 6.09% to $11.10. Helmerich & Payne Inc. (HP) shares also fell, losing 4.13% to trade at $49.29. Precision Drilling Corp. (PDS) lost 4.62% to trade at $1.86, and Diamond Offshore Drilling Inc. (DO) fell 4.49% to trade at $8.62.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

July 02, 2019 16:10 ET (20:10 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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