Switzerland headquartered Weatherford International PLC's shares rose 0.85% and finished Tuesday's trading session at $5.91. A total volume of 11.06 million shares was traded. In the last one month, the stock has advanced 5.91%. The Company's shares are trading above their 50-day moving average by 3.14%. Moreover, shares of Weatherford International, which together with its subsidiaries, operates as a multinational oilfield service company worldwide, have a Relative Strength Index (RSI) of 51.80.
On October 05th, 2016, Weatherford International announced that as of September 30th, 2016, Dr. Mario Ruscev has officially begun to serve as Executive Vice President, Product Lines and Chief Technology Officer for Weatherford International PLC, reporting directly to Bernard J. Duroc-Danner, Chairman of the Board, President and Chief Executive Officer. Sign up and read the free research report on WFT at:
On Tuesday, shares in Texas-based Halliburton Co. recorded a trading volume of 9.82 million shares, which was above their three months average volume of 7.72 million shares. The stock ended the session 1.62% higher at $47.07. The Company's shares have gained 14.03% in the last one month, 6.75% in the previous three months, and 40.21% on an YTD basis. The stock is trading 6.99% above its 50-day moving average and 19.51% above its 200-day moving average. Furthermore, shares of Halliburton, which provides a range of services and products to the upstream oil and natural gas industry worldwide, have an RSI of 61.78.
On October 13th, 2016, Halliburton and U.S. Silica Holdings, Inc. announced the companies have moved a record breaking unit train carrying nearly 19,000 tons of U.S. Silica White® frac sand from Ottawa, Ill., to Elmendorf, Texas. The train, the largest frac sand unit of its kind shipped to date in North America, arrived via the BNSF railroad. Unit trains reduce transit time from mine to transload facility.
On October 14th, 2016, research firm FBR & Co. reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $53 a share to $58 a share. The complimentary research report on HAL can be downloaded at:
Shares in Texas-based Schlumberger Ltd closed the day at $81.39, up 0.51%. The stock recorded a trading volume of 3.96 million shares. The Company's shares have gained 7.15% in the last one month, 1.62% over the previous three months, and 19.06% since the start of this year. The stock is trading 2.45% above its 50-day moving average and 8.34% above its 200-day moving average. Additionally, shares of Schlumberger, which supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industry worldwide, have an RSI of 58.07.
On October 05th, 2016, The Subsea Services Alliance, a contractual collaboration between Helix Energy Solutions Group, Inc. and Schlumberger, announced the launch of the development of the first Riserless Open-water Abandonment Module (ROAM). The 18¾-in. large bore system will enhance well abandonment capacity from a well intervention vessel by allowing tubing to be pulled in open water in a safe and environmentally contained manner. The ROAM system will be engineered and built at the OneSubsea manufacturing facility in Aberdeen. The system, which will complement existing intervention riser systems and subsea intervention lubricators, is expected to be available to customers in Q3 2017. Register for free on Stock-Callers.com and access the latest report on SLB at:
Basic Energy Services
At the closing bell yesterday, shares in Texas headquartered Basic Energy Services Inc. ended 3.28% higher at $0.71 and with a total volume of 1.96 million shares. The stock has advanced 16.82% in the last one month. The Company's shares are trading above their 50-day moving average by 14.82%. Furthermore, shares of Basic Energy Services, which provides well site services to oil and natural gas drilling and producing companies in the US, have an RSI of 53.24.
On October 18th, 2016, Basic Energy Services announced that it has successfully obtained an extension of its temporary waiver from Basic's secured asset-based revolver lenders. Basic Energy has now received an additional seven-day extension of the temporary waiver, through October 24th, 2016, subject to certain terms and conditions. Get free access to your research report on BAS at:
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