How These Oil & Gas Stocks are Faring? -- Superior Energy Services, McDermott Intl., Precision Drilling, and Tidewater

Oct 05, 2016, 08:28 ET from Chelmsford Park SA

NEW YORK, October 5, 2016 /PRNewswire/ --

Stock-Callers.com has issued research reports on the following Oil and Gas Equipment and Services companies: Superior Energy Services Inc. (NYSE: SPN), McDermott International Inc. (NYSE: MDR), Precision Drilling Corp. (NYSE: PDS), and Tidewater Inc. (NYSE: TDW). On Tuesday, October 04, 2016, oil prices were slightly higher, with Brent hitting four-month highs on a rally inspired by OPEC plans to tighten output before a surging dollar pared gains. Register now and get full and free access to our downloadable research reports on these stocks at:

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Superior Energy Services  

Houston, Texas headquartered Superior Energy Services Inc.'s stock finished Tuesday's session 2.37% lower at $17.69. A total volume of 3.13 million shares was traded, which was above their three months average volume of 3.06 million shares. The Company's shares have advanced 7.73% in the past month, 1.84% in the previous three months, and 32.46% on an YTD basis. The stock is trading 7.84% above its 50-day moving average and 20.61% above its 200-day moving average. Additionally, shares of Superior Energy Services, which provides specialized oilfield services and equipment to crude oil and natural gas exploration and production companies in the US, the Gulf of Mexico, and internationally, have a Relative Strength Index (RSI) of 62.12.

On September 26th, 2016, Superior Energy Services announced that it will release its Q3 2016 results on October 24th, 2016 after the market closes. In conjunction with the release, the company has scheduled a conference call, which will be broadcast live over the Internet, on October 25th, 2016 at 11:00 a.m. ET. Access our complete research report on SPN for free at:

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

McDermott Intl. 

On Tuesday, shares in Houston, Texas headquartered McDermott International Inc. recorded a trading volume of 2.65 million shares, which was higher than their three months average volume of 2.48 million shares. The stock ended the session 0.19% higher at $5.17. The Company's shares have advanced 8.16% in the previous three months and 54.33% since the start of this year. The stock is trading 3.31% above its 50-day moving average and 23.19% above its 200-day moving average. Moreover, shares of McDermott International, which provides engineering, procurement, construction and installation, and module fabrication services for upstream field developments worldwide, have an RSI of 59.48. The complimentary research report on MDR can be downloaded at:

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

Precision Drilling  

Shares in Calgary, Canada headquartered Precision Drilling Corp. closed the day 0.24% higher at $4.15. The stock recorded a trading volume of 3.52 million shares, which was higher than its three months average volume of 2.00 million shares. The Company's shares have gained 5.33% on an YTD basis. The stock is trading 1.62% below its 50-day moving average. Additionally, shares of Precision Drilling, which provides oil and natural gas drilling and related services and products, have an RSI of 53.92.

On September 6th, 2016, research firm Jefferies upgraded the Company's stock rating from 'Underperform' to 'Hold'.

On September 28th, 2016, Precision Drilling announced that it intends to release its Q3 2016 before the market opens on October 21st, 2016 and has scheduled a conference call and webcast to begin at 2:00 p.m. ET on the same day. Register for free on Stock-Callers.com and get access to the latest PDF format report on PDS at:

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

Tidewater  

At the close, shares in New Orleans, Louisiana headquartered Tidewater Inc. ended the day at $2.76, down 1.08%. The stock recorded a trading volume of 757,441 shares. The Company's shares are trading below their 50-day moving average by 18.23%. Furthermore, shares of Tidewater, which provides offshore service vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide, have an RSI of 41.34.

On September 16th, 2016, Tidewater announced that it has been in discussions with its principal lenders and note-holders to amend the company's various debt arrangements with regard to certain covenant noncompliance, having previously received limited waivers from the necessary lenders and note-holders which waived the covenant noncompliance until September 18th, 2016. The company has now received extensions of those limited waivers of covenant noncompliance until October 21st, 2016. The company believes that the ongoing discussions with its lenders and note-holders have been constructive and progress is being made towards resolving the principal open issues. However, work remains to be done, and no assurance is given that the various parties will reach agreement on amendments to the various loan agreements and notes. Download your free research report on TDW at:

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

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