Last Friday at the close, shares in Texas headquartered Baker Hughes Inc. ended 0.90% lower at $61.85. The stock recorded a trading volume of 2.57 million shares. The Company's shares have advanced 14.24% in the previous three months. The stock is trading above its 200-day moving average by 18.03%. Furthermore, shares of Baker Hughes, which supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide, have a Relative Strength Index (RSI) of 42.59.
On January 18th, 2017, research firm SunTrust initiated a 'Hold' rating on the Company's stock.
On January 26th, 2017, Baker Hughes reported revenue of $2.4 billion for Q4 2016, an increase of $57 million, or 2%, sequentially. On a GAAP basis, net loss attributable to Baker Hughes for Q4 2016 was $417 million, or $0.98 per diluted share, compared to $429 million, or $1.00 per diluted share, in Q3 2016. The Company's cash flows provided by operating activities were $632 million for Q4 2016, an increase of $513 million sequentially. Sign up and read the free research report on BHI at:
National Oilwell Varco
Texas headquartered National Oilwell Varco Inc.'s stock finished Friday's session 2.04% higher at $38.57 with a total trading volume of 2.63 million shares. The Company's shares have advanced 0.10% in the last one month, 22.89% over the previous three months, and 3.02% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.88% and 10.90%, respectively. Additionally, shares of National Oilwell Varco, which designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide, have an RSI of 51.13.
On December 22nd, 2016, National Oilwell announced that it is expanding the operations of its Fiber Glass Systems business unit with a new composite pipe manufacturing facility located near the city of Dammam, Saudi Arabia. The manufacturing complex will produce spoolable and jointed pipe, including the flagship line of Fiberspar™ spoolable products, STAR™ Glass Reinforced Epoxy high pressure line pipe, and downhole tubing and casing. Operations are expected to begin in Q1 2018.
On January 18th, 2017, research firm SunTrust initiated a 'Hold' rating on the Company's stock. The complimentary research report on NOV can be downloaded at:
Shares in UK headquartered TechnipFMC PLC ended the session 1.49% higher at $33.41 with a total trading volume of 3.49 million shares. The stock has gained 3.95% in the previous three months. The Company's shares are trading above their 200-day moving average by 10.49%. Moreover, shares of TechnipFMC, which provides technologies, systems, and services for oil and gas projects worldwide, have an RSI 39.35.
On January 26th, 2017, a subsidiary of TechnipFMC announced that it has entered into an agreement with INPEX Operations Australia for Riserless Light Well Intervention Services in the Ichthys field, approximately 220-kilometers offshore of Western Australia, for the Ichthys LNG Project. Under the agreement, TechnipFMC will deploy its deepwater RLWI stack and two Schilling Robotics ROVs, from the Island Performer vessel, to perform riserless well access services on up to 20 subsea wells in the Ichthys field, beginning in 2017.
On February 01st, 2017, research firm Barclays initiated an 'Equal Weight' rating on the Company's stock, with a target price of $38 per share. Register for free on Stock-Callers.com and access the latest report on FTI at:
Superior Energy Services
Texas headquartered Superior Energy Services Inc.'s shares recorded a trading volume of 2.22 million shares. The stock edged 4.65% higher at $18.47. The Company's shares have gained 0.38% in the past month, 34.03% over the previous three months, and 9.42% on an YTD basis. The stock is trading 6.08% and 9.01% above its 50-day and 200-day moving averages, respectively. 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 an RSI of 56.71.
On January 18th, 2017, research firm SunTrust initiated a 'Hold' rating on the Company's stock. Get free access to your research report on SPN at:
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