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|Whiting Petroleum (WLL) Shares Cross Below Book Value
Tuesday, March 24, 1:29 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Whiting Petroleum Corp (WLL) crossed below their last reported ...
Investors Grab WLL Even Lower Than Its Secondary Stock Offering
Monday, March 30, 11:12 AM ET, by Market News Video Staff
Looking back to 6 days ago, Whiting Petroleum Corp (WLL) priced a 35,000,000 share secondary ...
Commit To Buy Ultra Petroleum Corp. At $9, Earn 11.3% Annualized Using Options
Wednesday, April 22, 11:49 AM ET, by Market News Video Staff
Investors considering a purchase of Ultra Petroleum Corp. (UPL) shares, but tentative about paying the ...
Use Options For a Chance To Buy WLL at a 39% Discount
Monday, April 27, 11:45 AM ET, by Market News Video Staff
Looking back to 34 days ago, Whiting Petroleum Corp (WLL) priced a 35,000,000 share secondary ...
Whiting Petroleum Larger Than S&P 500 Component Navient
Friday, May 1, 4:41 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Whiting ...
PDS Crosses Critical Technical Indicator
By Energy Stock Channel Staff, Friday, September 23, 3:53 PM ET
In trading on Friday, shares of Precision Drilling Corp. (NYSE:PDS) entered into oversold territory, changing hands as low as $9.40 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of Precision Drilling Corp., the RSI reading has hit 29.7 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 41.6, the RSI of WTI crude oil is at 38.5, and the RSI of Henry Hub Natural Gas is presently 35.7.
A bullish investor could look at PDS's 29.7 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), PDS's low point in its 52 week range is $6.02 per share, with $18.18 as the 52 week high point — that compares with a last trade of $9.46. Precision Drilling Corp. shares are currently trading off about 2.2% on the day.
PDS operates in the Oil & Gas Exploration & Production sector, among companies like Whiting Petroleum Corp (NYSE:WLL) which is off about 3.6% today, and Ultra Petroleum Corp. (NYSE:UPL) trading lower by about 2.7%. Below is a three month price history chart comparing the stock performance of PDS, versus WLL and UPL.
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