NEW YORK, NY / ACCESSWIRE / July 5, 2017 / Shares of both Nabors Industries and Whiting Petroleum Corporation headed higher on Monday despite any significant news to explain their moves. Recently analysts did reveal their estimates for Whiting's next earnings report due later this month. Analysts are also pretty bullish on Nabors Industries as 81% of the analysts tracking it has a "buy" rating on it.

RDI Initiates Coverage on:

Nabors Industries Ltd.
https://ub.rdinvesting.com/news/?ticker=NBR

Whiting Petroleum Corporation
https://ub.rdinvesting.com/news/?ticker=WLL

Nabors Industries Ltd. closed up 5.90% on Monday without much of a reason for the jump in price. Near the end of last month the company announced its subsidiary Nabors Industries Inc. has commenced an offer to exchange senior notes that are due in 2023. Last month it was also revealed that 81% of the analysts that have been tracking the stock have a "buy" rating on it while 19% have a "hold" rating. No analyst has an "underperform" or "sell" rating on Nabors. The mean target price on the stock by Wall Street analysts as of June 19th, 2017, was $16.30. Shares of Nabors closed at $8.62. The company is an oil, natural gas and geothermal drilling contractor operating on land throughout the Americas, the Middle East, the Far East, and Africa. Nabors also performs onshore well-servicing in North America, and provides rigs for offshore oil platform workover, and also for offshore drilling rig servicing.

Access RDI's Nabors Industries Research Report at:
https://ub.rdinvesting.com/news/?ticker=NBR

Whiting Petroleum's shares spiked 6.17 percent to close at $5.85 a share on Monday. The stock traded between $5.58 and $5.88 on volume 12.18 million shares traded. The company reported total production of 10.6 million barrels of oil equivalent (MMBOE), comprised of 84% crude oil/natural gas liquids (NGLs) in the first quarter of 2017. Production averaged 117,360 barrels of oil equivalent per day (BOE/d) in the first quarter. Whiting forecasts production to be between 45.2 to 46.2 MMBOE for the full year 2017. The company controls 732,819 gross (443,310 net) acres in the Williston Basin and 157,178 gross (132,432 net) acres at its Redtail Niobrara/Codell play in the DJ Basin. Shares of Whiting Petroleum have fallen approximately 51.33 percent year-to-date.

Access RDI's Whiting Petroleum Research Report at:
https://ub.rdinvesting.com/news/?ticker=WLL

Our Actionable Research on Nabors Industries Ltd. (NYSE: NBR) and Whiting Petroleum Corporation (NYSE: WLL) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com