Contract Drilling Stocks29-00-2023 20:00:00 PM
The list of companies include BROG-Brooge Energy Limited, HP-Helmerich & Payne, Inc., HPK-HighPeak Energy Inc, ICD-Independence Contract Drilling Inc, NBR-Nabors Industries Ltd, PDS-Precision Drilling Corp, PTEN-Patterson-UTI Energy Inc, RIG-Transocean Ltd, NE-Noble Corp, BORR-Borr Drilling Ltd, DO-Diamond Offshore Drilling, Inc., SDRL-Seadrill Ltd., VAL-Valaris Ltd
* Latest intraday update before market close @ 19:45:44 PM 09/29/2023
Average return is down -2.4%
Median return is down -2.5%
1 out of 12 stocks are up (limited to those with intraday pricing feeds).
Top Movers
PTEN -5.0%HP -4.5%NBR -3.0%RIG -2.7%HPK -2.6%

Aggregated price index with volume information


  • Contract Drilling stocks down 2.3% on average while median return down 2.6% in a day
  • Contract Drilling stocks up 1.3% on average while median return up 0.4% in a week
  • Contract Drilling stocks up 3.9% on average while median return up 1.3% 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 (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks
PE Ratio
P/B (mrq)
P/S (ttm)
Earning Growth
Short %
Held By Institutions %
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
6.9B45/At support1010.3%
0.070.961.8B4%21%47\/Below support1410.2%
-1.611.5B45\/Below support760.3%
0.760.360.62913.4M45%48\/\Above resistance193-0.1%
2.2B40/\/Below support960.4%
8.3919.562.2B2%2%57/\At resistance156-0.3%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
Detail Performance Summary
  • 1M winners are : Winners for past month are $BROG 19.9%, $HPK 15.1%, $NBR 10.0%, $HP 4.3%, $ICD 4.2%
  • 1M losers are : Losers for past month are $BORR -1.0%, $PTEN -1.4%, $DO -1.5%, $NE -2.8%, $SDRL -8.1%
  • 1W winners are : Winners for past week are $BROG 12.6%, $ICD 3.4%, $BORR 3.2%, $RIG 0.9%, $DO 0.9%
  • 1W losers are : Losers for past week are $NE -0.2%, $HP -1.5%, $PTEN -4.4%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 49.0%, for the past 3 months is 42.2%

In the past month for a 5 days rolling window, the highest corrrelation is 75.1%, the lowest correlation is 12.4%, the latest correlation is 70.5%

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 91.1% between HP and PTEN

The lowest correlation is -19.6% between BROG and ICD

Stock news

    Houston-based Fervo Energy has broken ground on what it calls the second-largest geothermal project in the world.

    Helmerich & Payne eyes buy point as the U.S. oil rig count declined this week. Last week, North America broke a string of nine consecutive weekly rig losses.

    On September 19, 2023, Charles Smith, the Executive Vice President and Chief Financial Officer of Patterson-UTI Energy Inc (NASDAQ:PTEN), sold 10,000 shares of the company.

    Financing From Existing Investors Bolsters Commissioning and Commercialization of Nauticus' FleetHOUSTON, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ: KITT), a developer of ocean robots and artificial intelligence for autonomous services to the offshore industries, today announced it has entered into a senior secured term loan agreement (the "Term Loan Agreement") with existing stakeholders, Transocean (NYSE: RIG), ATW Partners, Material Impac

    I strongly believe that 2024 is likely to be a year to remain invested in growth stocks. After a big correction in 2022, there are several growth stocks to buy that trade at attractive valuations. Bank of America (NYSE:BAC) believes that the S&P 500 index can potentially touch 5,000 in 2024. Furthermore, chief economists at major banks believe that the Federal Reserve is likely to cut rates in 2024. In general, expansionary policy is good for the markets as the dollar weakens. Therefore, it’s a

    James Holcomb, Chief Business Officer of Patterson-UTI Energy Inc (NASDAQ:PTEN), has recently sold 11,816 shares of the company's stock.

    Unraveling the true worth of Borr Drilling Ltd (BORR) amidst significant overvaluation

    Transocean (RIG) enters into a three-year, $486 million contract with a national oil company for its Deepwater Aquila drillship. It also plans to acquire the outstanding interests in Liquila Ventures Ltd.

    I believe that it’s a good time to accumulate some undervalued small-cap stocks. The S&P 500 index should have a sustained rally next year. Monetary policy tightening is almost done and the news is discounted in the markets. The United States economy has also evaded a potential recession. If we curb further inflation, GDP growth is likely to surprise on the upside.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The market rally begins with blue-chip or index stocks. However, if th

    FORT WORTH, Texas, Sept. 15, 2023 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced the successful completion of a transformative debt refinancing. The Company entered into a senior secured term loan credit agreement (the “2023 Term Loan”) among the Company, as borrower, Texas Capital Bank (“Texas Capital”), as Administrative Agent, and Chambers Energy Management, LP (“Chambers”), as Collateral Agent. The 2023 Term Loan has an aggregate princip