Technical Roundup on Oil & Gas Stocks -- Ocean Rig UDW, Patterson-UTI Energy, Penn West Petroleum, and RSP Permian

NEW YORK, February 21, 2017 /PRNewswire/ --

Stock-Callers.com focuses today's attention to the Oil and Gas Drilling and Exploration space, reviewing the recent performances of: Ocean Rig UDW LLC (NASDAQ: ORIG), Patterson-UTI Energy Inc. (NASDAQ: PTEN), Penn West Petroleum Ltd (NYSE: PWE), and RSP Permian Inc. (NYSE: RSPP). On Friday, February 17^th, 2017, global benchmark Brent crude advanced 0.1% to $55.74, narrowing the week's loss to 1.7%. West Texas Intermediate rose 0.2% to $53.42 a barrel, but is down 0.8% for the week. Sign up today and download for free the research reports for the stocks covered today at:

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Ocean Rig UDW  

Houston, Texas-based Ocean Rig UDW LLC's shares recorded a trading volume of 1.04 million shares last Friday. The stock finished the trading session 0.83% higher at $1.22. The Company's shares are trading below their 200-day moving average by 25.33%. Furthermore, shares of Ocean Rig, which operates as a subsidiary of Ocean Rig UDW Inc., have a Relative Strength Index (RSI) of 37.09.

On February 06^th, 2017, Ocean Rig announced that the Company's 2017 Annual General Meeting of Shareholders will be held at the Company's offices located at 3^rd Floor Flagship Building, Harbour Drive, Grand Cayman, Cayman Islands on April 24^th, 2017, at 9:00am, local time. The Company's Board of Directors has fixed the close of business on March 15^th, 2017, as the record date for the determination of the shareholders entitled to receive notice and to vote at the Annual Meeting or any adjournments or postponements thereof. ORIG complete research report is just a click away at:

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Patterson-UTI Energy  

On Friday, Houston, Texas headquartered Patterson-UTI Energy Inc.'s stock ended the session 1.19% lower at $27.43. A total volume of 3.28 million shares was traded. The Company's shares have gained 16.01% over the previous three months and 1.89% on an YTD basis. The stock is trading 21.37% above its 200-day moving average. Moreover, shares of Patterson-UTI Energy, which through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the US and Canada, have an RSI of 47.16.

On February 09^th, 2017, Patterson-UTI Energy, reported a net loss of $78.1 million, or $0.53 per share, for Q4 2016 compared to a net loss of $58.7 million, or $0.40 per share, for Q4 2015. The Company's revenues for Q4 2016 were $247 million compared to $339 million for Q4 2015.

On February 14^th, 2017, research firm Guggenheim upgraded the Company's stock rating from 'Neutral' to 'Buy'. The complimentary report on PTEN can be downloaded at:

http://stock-callers.com/registration/?symbol=PTEN

Penn West Petroleum  

Calgary, Canada headquartered Penn West Petroleum Ltd.'s stock ended the day 1.74% higher at $1.75, with a total trading volume of 1.63 million shares. The Company's shares have gained 8.02% in the previous three months. The stock is trading 14.44% above its 200-day moving average. Additionally, shares of Penn West Petroleum, which explores for, develops, and produces oil and natural gas properties in western Canada, have an RSI of 51.12.

On January 05^th, 2017, Penn West Petroleum announced full year 2017 total capital budget of $180 million. The Company noted that its full year 2017 capital budget is expected to provide approximately 15% production growth in its key development areas from Q4 2016 to Q4 2017 and to provide ample flexibility to respond to commodity price as it utilizes only 80% of available funds flow from operations. Penn West also announced a leadership transition effective immediately. David Dyck, Chief Financial Officer, and Gregg Gegunde, Senior Vice President of Exploitation, Production, and Delivery, will be departing the Company. Sign up for your complimentary report on PWE at:

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RSP Permian  

Shares in Dallas, Texas headquartered RSP Permian Inc. recorded a trading volume of 1.45 million shares. The stock ended Friday's session 1.26% lower at $42.28. The Company's shares have gained 6.28% over the previous three months. The stock is trading above its 200-day moving average by 9.58%. Furthermore, shares of RSP Permian, which engages in the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas, have an RSI of 47.33.

On February 01^st, 2017, RSP Permian announced that it will release its Q4 and full-year 2016 financial and operating results after the NYSE closes on February 27^th, 2017. In connection with the release, RSP will host a conference call and webcast for investors on February 28^th, 2017, at 2:00 p.m. ET to discuss its results. Hosting the call will be Steve Gray, Chief Executive Officer, Zane Arrott, Chief Operating Officer, Scott McNeill, Chief Financial Officer, and Alyssa Stephens, Director of Investor Relations. Download the research report for free on RSPP at:

http://stock-callers.com/registration/?symbol=RSPP

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