Aggregated price index
Aggregated price index with volume information
Summary:
- Contract Drilling stocks down 1.0% on average while median return down 0.0% in a day
- Contract Drilling stocks down 6.4% on average while median return down 6.2% in a week
- Contract Drilling stocks down 13.6% on average while median return down 13.2% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes
- 1M winners are : Winners for past month are $BROG 2.2%
- 1M losers are : Losers for past month are $HPK -20.1%, $PTEN -24.8%, $RIG -29.7%
- 1W winners are : Winners for past week are $BROG 2.6%
- 1W losers are : Losers for past week are $RIG -6.8%, $PTEN -11.2%, $HPK -13.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 26.6%, for the past 3 months is 43.0%
In the past month for a 5 days rolling window, the highest corrrelation is 82.4%, the lowest correlation is 8.3%, the latest correlation is 15.1%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 85.9% between HP and NBR
The lowest correlation is -41.5% between HPK and RIG
Stock news
STEINHAUSEN, Switzerland, Oct. 16, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it received formal notice from the New York Stock Exchange (the “NYSE”) of non-compliance with NYSE continued listing standards. Transocean received the notice because the average closing price of its shares fell below the minimum of $1.00 per share during a consecutive 30 trading-day period. The Company is in compliance with all other NYSE continued listing standards. Transocean intends...
STEINHAUSEN, Switzerland, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the third quarter of 2020, after markets close on Monday, November 2, 2020. The company will conduct a teleconference to discuss the results starting at 9 a.m. EST, 3 p.m. CET, on Tuesday, November 3, 2020. Individuals who wish to participate should dial +1 334-323-0501 and refer to conference code 9072892 approximately 10 minutes prior to the scheduled start ...
STEINHAUSEN, Switzerland, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced that Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), has commenced tender offers (collectively, the “Offers” and each, an “Offer”) to purchase for cash (i) any and all of its outstanding 6.500% Senior Notes due 2020 (the “2020 Notes”) and (ii) up to an aggregate principal amount of (a) its outstanding 6.375% Senior Notes due 2021 (the “2...
(Bloomberg) -- Measures taken by Transocean Ltd. to stave off a bankruptcy filing could be exactly what ends up sending the offshore drilling company into Chapter 11 alongside some of its biggest peers.The world’s largest owner of deep-water oil rigs recently engineered a bond swap to trim some of its $9 billion debt load and ease the crunch caused by slumping energy prices. But other creditors, led by Whitebox Advisors LLC and Pacific Investment Management Co., say the transaction amounts to a ...
On Thursday, shares of Transocean (NYSE: RIG) saw unusual options activity. After the option alert, the stock price moved down to $0.88. * Sentiment: BEARISH * Option Type: SWEEP * Trade Type: CALL * Expiration Date: 2020-11-20 * Strike Price: $0.50 * Volume: 999 * Open Interest: 770Three Signs Of Unusual Options Activity Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts trade...
Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. tight oil and gas basin and also has a small presence internationally.
Shares of Transocean Ltd. dropped 1.9% in premarket trading Wednesday, after a long-time bull downgraded the oil services company, saying the company is "not immune" as the offshore industry's challenges are likely to persist. Analyst Charles Minervino cut his rating to neutral, after being at positive since July 2018, while slashing his price target to $1.15 from $2.50. "The offshore drilling industry is suffering from weak demand and substantial excess capacity, and while [...
Shares of Transocean (NYSE: RIG) saw some unusual options activity on Tuesday. Following the unusual option alert, the stock price moved up to $1.08. * Sentiment: BULLISH * Option Type: SWEEP * Trade Type: PUT * Expiration Date: 2020-09-18 * Strike Price: $2.00 * Volume: 5140 * Open Interest: 2345Three Signs Of Unusual Options Activity Extraordinarily large volume is one indication of unusual options activity. Volume refers to the total shares contracts traded in a day when discussing opt...
NEW YORK, Sept. 11, 2020 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG) today announced that its subsidiary, Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), has successfully completed the issuance of a USD$200 million 5-year senior secured bond (with potential follow-on issuances of up to USD$50 million for a maximum aggregate borrowing limit of USD$250 million) in the Nordic bond market. The bonds will mature in September 2025 and have a fix...
STEINHAUSEN, Switzerland, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today the final results of the previously announced offers (the “Exchange Offers”) by Transocean Inc., its wholly-owned subsidiary (together with Transocean Ltd., “Transocean”), to exchange the existing notes set forth in the table below (collectively, the “Existing Notes”) for 11.50% Senior Guaranteed Notes due 2027 (the “New 2027 Senior Guaranteed Notes”) to be issued by Transocean Inc. The Excha...