NEW YORK, May 31, 2017 /PRNewswire/ --
Stock-Callers.com has initiated reports coverage on four Oil and Gas Equipment and Services companies, namely: Superior Energy Services Inc. (NYSE: SPN), TechnipFMC PLC (NYSE: FTI), National Oilwell Varco Inc. (NYSE: NOV), and McDermott International Inc. (NYSE: MDR). According to an article on ETF Trends, oil prices are tumbling, and the energy sector is the worst-performing group in the S&P 500 this year, as has been widely cited. Not surprisingly, oil services stocks and exchange-traded funds - assets that are often highly correlated to oil prices - are stumbling. Learn more about these stocks by downloading their free research reports in PDF format at:
Superior Energy Services
On Tuesday, shares in Houston, Texas headquartered Superior Energy Services Inc. recorded a trading volume of 5.43 million shares, which was higher than their three months average volume of 4.43 million shares. The stock ended the day at $10.40, declining 4.67% from the last trading session. The Company's shares are trading below their 50-day moving average by 18.22%. Furthermore, 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 35.73.
On May 24th, 2017, Superior Energy Services announced the results of its 2017 Annual Meeting of Stockholders held on May 23rd, 2017 in Houston. The stockholders elected Harold J. Bouillion, David D. Dunlap, James M. Funk, Terence E. Hall, Peter D. Kinnear, Janiece M. Longoria, Michael M. McShane, and W. Matt Ralls to serve as directors until the 2018 Annual Meeting of Stockholders. Sign up and read the free research report on SPN at:
London, the UK headquartered TechnipFMC PLC's stock saw a decline of 1.34%, finishing yesterday's session at $28.68 with a total trading volume of 2.87 million shares. The Company's are trading below their 50-day moving average by 9.84%. Shares of the Company, which provides technologies, systems, and services for oil and gas projects worldwide, have an RSI of 29.19.
On May 16th, 2017, research firm Bernstein upgraded the Company's stock rating from 'Underperform' to 'Market Perform'.
On May 22nd, 2017, TechnipFMC announced that it will issue its Q2 2017 earnings release after the close of the NYSE on July 26th, 2017. The Company will also host its Q2 2017 earnings release teleconference on July 27th, 2017, at 8:00 a.m. New York time. The event will be webcast simultaneously. The complimentary research report on FTI can be downloaded at:
National Oilwell Varco
Shares in Houston, Texas-based National Oilwell Varco Inc. ended the session 0.52% lower at $32.60. The stock recorded a trading volume of 2.56 million shares. The Company's shares are trading 10.34% below their 50-day moving average. Moreover, 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 32.68.
On May 22nd, 2017, National Oilwell Varco (NOV) announced entering into a memorandum of understanding with Saudi Aramco to form a joint venture in Saudi Arabia. Through its state-of the art manufacturing and fabrication facilities and NOV's market-leading drilling technologies, the joint venture will manufacture high-specification land rigs, rig and drilling equipment, and offer certain aftermarket services. Register for free on Stock-Callers.com and access the latest report on NOV at:
At the closing bell on Tuesday, Houston, Texas headquartered McDermott International Inc.'s stock dropped 0.97%, finishing at $6.15. A total volume of 1.58 million shares was traded. The Company's shares are trading 3.96% below their 200-day moving average. Additionally, shares of McDermott International, which provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services for upstream field developments worldwide, have an RSI of 39.17.
On May 24th, 2017, McDermott International announced that David Dickson, President and CEO, will speak at the KeyBanc Capital Markets Industrial, Automotive & Transportation Conference in Boston on May 31st, 2017 at 9:00 a.m. CT. The Company will post the slides to be used prior to the presentation under the Investor Relations area of its website.
On May 25th, 2017, research firm Scotia Howard Weil upgraded the Company's stock rating from 'Sector Perform' to 'Sector Outperform'. Get free access to your research report on MDR at:
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