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Trader Alert: Diamond Offshore Drilling, Inc. (DO), Swift Transportation Company (SWFT), Sanchez Energy Corporation (SN)

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Diamond Offshore Drilling, Inc. (DO) retreated with the stock falling -3.34% or $-0.61 to close at $17.63 on active trading volume of 3.03M compared its three months average trading volume of 2.78M. The Houston Texas 77094 based company operating under the Oil & Gas Drilling & Exploration industry has been trending down for the last 52 weeks, with the shares price now -5.72% down for the period and down by -0.4% so far this year. With price target of $16.74 and a 20.18% rebound from 52-week low, Diamond Offshore Drilling, Inc. has plenty of upside potential, making it a hold with a view buy.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. The company operates a fleet of 32 offshore drilling rigs, which comprise 8 ultra-deepwater, 7 deepwater, and 8 mid-water semisubmersibles; 5 jack-ups; and 4 drillships. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1989 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. operates as a subsidiary of Loews Corporation.

Swift Transportation Company (SWFT) gained $0.2 to close the day at a new closing price of $22.61, a 0.89% increase in value from its previous closing price that moved the stock 58.% above its 52 week low of $14.31. A total of 3.03M shares exchanged hands during the day compared with its three month average trading volume of 2.37M. The stock, which fluctuated between $22.3 and $22.7 during the day, currently situated -16.81% below its 52 week high. The stock is down by -4.64% in the past one month and down by -9.01% over the past three months. With a one year target estimate of $27.5 and RSI of 42.46, the stock still has upside potential, making it a hold for now.

Swift Transportation Company operates as a multi-faceted transportation services company in North America. The company operates through four segments: Truckload, Dedicated, Swift Refrigerated, and Intermodal. The Truckload segment provides services through one-way movements over irregular routes utilizing company’s and owner-operator tractors with dry van, flatbed, and specialized trailing equipment in the United States, Mexico, and Canada. The Dedicated segment offers tailored solutions under long-term contracts utilizing refrigerated, dry van, flatbed, and other specialized trailing equipment. The Swift Refrigerated segment primarily offers shipments for customers who require temperature-controlled trailers. This segment’s shipments include one-way movements over irregular routes, as well as dedicated truck operations. The Intermodal segment moves freight over the rail in containers and other trailing equipment; and provides drayage services to transport loads between the railheads and customer locations. The company also offers logistics and freight brokerage services, as well as support services to its customers and owner-operators, including repair and maintenance shop services, equipment leasing, and insurance. As of December 31, 2015, it operated a fleet of 15,211 company tractors and 4,653 owner-operator tractors; 65,233 trailers; and 9,150 intermodal containers from 40 terminals near key freight centers and traffic lanes. Swift Transportation Company serves various customers primarily in the retail, food and beverage, consumer products, paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. The company was formerly known as Swift Holdings Corp. Swift Transportation Company was founded in 1966 and is headquartered in Phoenix, Arizona.

Sanchez Energy Corporation (SN) shares were down in last trading by -0.56% to $12.53. It experienced lighter than average volume on day. The stock decreased in value by almost -2.49% over the past week and fell -5.08% in the past month. It is currently trading 14.65% above its 50 day moving average and 47.15% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -12.93% decrease in value from its one year high of $14.39. The RSI indicator value of 53.47, lead us to believe that it is a hold for now.

Sanchez Energy Corporation, an independent exploration and production company, engages in the exploration, acquisition, and development of oil and natural gas resources in the onshore U.S. Gulf Coast. It holds a 93% working interest in the Eagle Ford Shale, which consists of approximately 200,000 net leasehold acres in the oil and condensate, or black oil and volatile oil located in South Texas; and a 65% working interest in the Tuscaloosa Marine Shale covering an area of approximately 62,000 net leasehold acres situated in Mississippi and Louisiana. The company was founded in 2011 and is headquartered in Houston, Texas.

 

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