NEW YORK, July 8, 2016 /PRNewswire/ --
Despite a slow and steady recovery in oil prices, the Oil and Gas Equipment and Services space continues to face significant headwinds. Firms are now taking advantage of M&A activities and are improving their operating models in order to stay afloat. Here are today's stocks in focus on Stock-Callers.com: NOW Inc. (NYSE: DNOW), MRC Global Inc. (NYSE: MRC), Flotek Industries Inc. (NYSE: FTK), and Parker Drilling Co. (NYSE: PKD). Learn more about these stocks and receive your complimentary notes at:
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Shares in Houston, Texas headquartered NOW Inc. ended Thursday's session 0.71% higher at $18.41 and with a total volume of 1.21 million shares traded. The stock has advanced 15.35% over the previous three months and 16.37% since the start of this year. The Company's shares are trading 4.01% above their 50-day moving average and 10.43% above their 200-day moving average. Moreover, shares of NOW Inc., which distributes energy and industrial products in the U.S., Canada, and globally, have a Relative Strength Index (RSI) of 53.36.
Houston, Texas headquartered MRC Global Inc.'s shares saw a slight decline of 0.58%, closing the day at $13.61 with a total volume of 826,852 shares traded. The stock has advanced 4.85% in the previous three months and 5.50% on an YTD basis. The Company's shares are trading 5.92% above their 200-day moving average. Additionally, shares of MRC Global, which through its subsidiaries, distribute pipes, valves, fittings, and related products and services to the energy industry in the U.S., Canada, and globally, have an RSI of 47.02.
On Thursday, shares in Houston, Texas headquartered Flotek Industries Inc. gained 0.15%, closing the session at $13.28. The stock recorded a trading volume of 584,891 shares. The Company's shares have advanced 3.67% in the last one month, 97.33% over the previous three months, and 16.08% since the start of this year. The stock is trading 12.02% above its 50-day moving average and 19.35% above its 200-day moving average. Furthermore, shares of Flotek Industries, which develop and supply oilfield products, services, and equipment to the oil, gas, and mining industries in the U.S. and globally, have an RSI of 55.57.
Houston, Texas headquartered Parker Drilling Co.'s shares finished the session 0.92% lower at $2.15. A total volume of 529,904 shares was traded, which was above their three months average volume of 485,450 shares. The stock has advanced 2.38% in the previous three months and 18.13% on YTD basis. The Company's shares are trading below their 200-day moving average by 5.13%. Additionally, shares of Parker Drilling, which together with its subsidiaries, provide contract drilling and drilling-related services, and rental tools to the energy industry in the U.S., Latin America, Europe, the Middle East, Africa, Asia, Russia, the Commonwealth of Independent States, and globally, have an RSI of 39.66.
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