LONDON, June 9, 2014 /PRNewswire/ --

On Friday, May 06, 2014, the NASDAQ Composite ended at 4,321.40, up 0.59%, the Dow Jones Industrial Average advanced 0.52%, to finish the day at 16,924.28, and the S&P 500 closed at 1,949.44, up 0.46%. The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Energy Sector Index ended the day at 703.13, up 0.83%, with the index also gaining 9.84% in the previous three months. Investor-Edge has initiated coverage on the following equities: Diamond Offshore Drilling Inc. (NYSE: DO), Nabors Industries Ltd (NYSE: NBR), Patterson-UTI Energy Inc. (NASDAQ: PTEN) and Rowan Companies PLC (NYSE: RDC). Free technical research on DO, NBR, PTEN and RDC can be downloaded upon signing up at: http://www.investor-edge.com/3566-register

Diamond Offshore Drilling Inc.'s stock finished the Friday's session 0.80% lower at $47.20. A total of 2.56 million shares were traded, which was above its three months average volume of 1.79 million shares. The stock moved between $46.94 and $47.87 during the session. Over the last three trading sessions and the previous three months, Diamond Offshore Drilling Inc.'s shares have fallen by 4.76% and 1.18%, respectively. Additionally, from the beginning of 2014, the company's stock has declined 14.54%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $53.63 is greater than its 50-day moving average of $49.57. Diamond Offshore Drilling Inc.'s stock traded at a PE ratio of 12.11 and has a Relative Strength Index (RSI) of 36.71. Sign up today to read free research on DO at: http://www.investor-edge.com/3566-DO-09Jun2014.pdf

On Friday, shares in Nabors Industries Ltd fluctuated between $26.75 and $27.28 before ending the session 0.93% higher at $27.00. Nabors Industries Ltd's stock reported a trading volume of 2.52 million shares, below its three months average volume of 4.59 million shares. Shares of the company traded at a PE ratio of 29.67. Nabors Industries Ltd's shares have surged 5.59% in the last one month, 16.93% in the previous three months and 58.92% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $25.17 and $19.68, respectively. Moreover, shares of the company have an RSI of 68.03. Sign up today to read free research on NBR at: http://www.investor-edge.com/3566-NBR-09Jun2014.pdf

Patterson-UTI Energy Inc.'s stock advanced 1.67%, to close the day at $33.56. The stock recorded a trading volume of 2.07 million shares, above its three months average volume of 2.52 million shares. The stock oscillated between $33.08 and $34.13 during the session. Over the last one month and over the past three months, Patterson-UTI Energy Inc.'s shares have gained 2.04% and 14.77%, respectively. Additionally, the stock has gained 32.54% since the start of this year. The company's stock is trading above its 50-day and 200-day moving averages of $32.31 and $26.63, respectively. Additionally, the stock traded at a PE ratio of 26.41 and has an RSI of 61.14. Sign up today to read free research on PTEN at: http://www.investor-edge.com/3566-PTEN-09Jun2014.pdf

On Friday, shares in Rowan Companies PLC recorded a trading volume of 4.77 million shares, higher than its three months average volume of 1.94 million shares. The stock ended the day at $31.70, which was 0.06% below its previous day's closing of $31.72, and registered an intraday range of $31.49 and $32.12. Shares of the company traded at a PE ratio of 19.00. Although Rowan Cos. PLC's shares have lost 10.35% on YTD basis, it has advanced 1.44% in the previous three trading sessions and 1.80% in the last one month. The stock is trading above its 50-day moving average of $31.18, while the 50-day moving average is below Rowan Companies PLC's 200-day moving average of $33.86. Furthermore, shares of the company have an RSI of 58.96. Sign up today to read free research on RDC at: http://www.investor-edge.com/3566-RDC-09Jun2014.pdf

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