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|Nabors Industries (NBR) Passes Through 2% Yield Mark
Monday, July 20, 3:41 PM ET, by Market News Video Staff
In trading on Monday, shares of Nabors Industries Ltd. (NBR) were yielding above the 2% ...
Ex-Div Reminder for Rowan Companies (RDC)
Wednesday, August 5, 10:19 AM ET, by Market News Video Staff
On 8/7/15, Rowan Companies plc (RDC) will trade ex-dividend, for its quarterly dividend of $0.10, ...
Nabors Industries About To Put More Money In Your Pocket (NBR)
Wednesday, September 2, 9:58 AM ET, by Market News Video Staff
On 9/4/15, Nabors Industries Ltd. (NBR) will trade ex-dividend, for its quarterly dividend of $0.06, ...
Rowan Companies Larger Than S&P 500 Component Joy Global
Tuesday, September 8, 4:38 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Rowan ...
November 20th Options Now Available For Rowan Companies (RDC)
Monday, September 21, 12:03 PM ET, by Market News Video Staff
Investors in Rowan Companies plc (RDC) saw new options begin trading today, for the November ...
Shares of PZE Now Oversold
By Energy Stock Channel Staff, Friday, September 30, 11:21 AM ET
In trading on Friday, shares of Petrobras Argentina SA (NYSE:PZE) entered into oversold territory, changing hands as low as $13.53 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 Petrobras Argentina SA, the RSI reading has hit 28.9 — 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 40.5, and the RSI of Henry Hub Natural Gas is presently 40.9.
A bullish investor could look at PZE's 28.9 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), PZE's low point in its 52 week range is $13.53 per share, with $28.61 as the 52 week high point — that compares with a last trade of $13.73. Petrobras Argentina SA shares are currently trading off about 2.3% on the day.
PZE operates in the Oil & Gas Exploration & Production sector, among companies like Nabors Industries Ltd. (NYSE:NBR) which is down about 4.6% today, and Rowan Cos., Inc. (NYSE:RDC) trading lower by about 2.3%. Below is a three month price history chart comparing the stock performance of PZE, versus NBR and RDC.
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