Oil & Gas Stocks under Review -- Weatherford Intl., Halliburton, Schlumberger, and Synergy Resources

23 Aug, 2016, 07:55 ET from Chelmsford Park SA

NEW YORK, August 23, 2016 /PRNewswire/ --

Stock-Callers.com today takes a closer look at the Oil and Gas Equipment and Services industry which includes companies engaged in oil and gas related services on a contract basis, such as cleaning, testing, erecting, repairing, and dismantling oil and gas field rigs and derricks. Stocks in review are Weatherford International PLC (NYSE: WFT), Halliburton Co. (NYSE: HAL), Schlumberger Ltd (NYSE: SLB), and Synergy Resources Corp. (NYSE MKT: SYRG). Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration

Weatherford Intl. 

Baar, Switzerland headquartered Weatherford International PLC's shares saw a decline of 2.71% and finished Monday's trading session at $5.74. A total volume of 11.97 million shares was traded. In the previous three months, the stock has advanced 13.89%. The Company's shares are trading below their 50-day moving average by 0.62%. 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 49.39.

On July 27th, 2016, Weatherford International reported that revenue for Q2 2016 was $1.40 billion, down 41%, compared with $2.39 billion in Q2 2015. The company noted that GAAP net loss for Q2 2016 was $565 million, or $0.63 per share, compared to a net loss of $489 million, or $0.63 per share, in Q2 2015. Sign up and read the free research report on WFT at: http://stock-callers.com/registration/?symbol=WFT

Halliburton  

On Monday, shares in Houston, Texas-based Halliburton Co. recorded a trading volume of 11.23 million shares, which was above their three months average volume of 8.71 million shares. The stock ended the session 3.78% lower at $45.08. The Company's shares have gained 2.85% in the last one month, 9.19% in the previous three months, and 33.73% on an YTD basis. The stock is trading 2.04% above its 50-day moving average and 18.31% 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 52.80. The complimentary research report on HAL can be downloaded at: http://stock-callers.com/registration/?symbol=HAL

Schlumberger  

Shares in Paris, France-based Schlumberger Ltd closed the day at $82.05, down 1.51%. The stock recorded a trading volume of 5.09 million shares. The Company's shares have gained 0.54% in the last one month, 10.09% in the previous three months, and 19.26% since the start of this year. The stock is trading 3.27% above its 50-day moving average and 10.38% 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 53.91.

On July 25th, 2016, research firm Scotia Howard Weil reiterated its 'Sector Outperform' rating on the Company's stock with an increase of the target price from $80 a share to $90 a share.

On August 4th, 2016, TGS and Schlumberger announced the commencement of the Dual Coil Shooting* multivessel full-azimuth acquisition Revolution XII and XIII surveys in the U.S. Gulf of Mexico. The surveys will cover approximately 7,150 km2 (306 blocks) in the Green Canyon, Atwater Valley and Ewing Bank protraction areas of the Central Gulf of Mexico. Acquisition is expected to complete in late Q1 2017 with final processed data available in early 2018. Register for free on Stock-Callers.com and access the latest report on SLB at: http://stock-callers.com/registration/?symbol=SLB

Synergy Resources  

At the closing bell yesterday, shares in Denver, Colorado-based Synergy Resources Corp. ended 2.97% lower at $6.86 with a total trading volume of 2.35 million shares. The stock has advanced 10.47% in the last one month and 18.48% over the previous three months. The Company's shares are trading above their 50-day moving average by 2.11%. Furthermore, shares of Synergy Resources, which engages in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties primarily located in the Denver-Julesburg Basin in Colorado, have an RSI of 51.75.

On August 02nd, 2016, research firm Imperial Capital downgraded the Company's stock rating from 'Outperform' to 'In-line', issuing a target price of $6.50 per share.

On August 4th, 2016, Synergy Resources reported that revenues in Q2 2016 were $23.9 million, down from $28.3 million in the same quarter a year ago. In Q2 2016, the average realized price per barrel of oil was $35.06 versus a realized price per barrel of $50.47 in the year ago quarter. The company's Q2 2016 net loss totaled $153.8 million, or $(0.89) per diluted share, compared to a net loss of $4.6 million, or $(0.04) per diluted share, in the year ago quarter. Get free access to your research report on SYRG at: http://stock-callers.com/registration/?symbol=SYRG

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