NEW YORK, March 2, 2017 /PRNewswire/ --
Today, Stock-Callers.com features Flotek Industries Inc. (NYSE: FTK), Forum Energy Technologies Inc. (NYSE: FET), NOW Inc. (NYSE: DNOW), and MRC Global Inc. (NYSE: MRC). These stocks are part of the Oil and Gas Equipment and Services space which is involved in the manufacturing of oil and gas wells, pipelines, pumping equipment, and drilling equipment, among others. Companies in this industry are also engaged in oil and gas related services that are contract based, as well as pipeline-related services and exploration-related operations. Learn more about these stocks by downloading their comprehensive and free reports at:
Texas headquartered Flotek Industries Inc.'s stock finished Wednesday's session 4.44% higher at $14.12 with a total trading volume of 1.17 million shares. Over the last month and the previous three months, the Company's shares have advanced 38.03% and 15.55%, respectively. Additionally, the stock has surged 50.37% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 31.96% and 11.27%, respectively. Moreover, shares of Flotek Industries, which develops and supplies chemistry and services to the oil and gas industries in the US and internationally, have a Relative Strength Index (RSI) of 80.94.
On February 27th, 2017, Flotek announced the appointment of Matt Marietta as Senior Vice President of corporate development and investor relations. In this role, he will oversee investor relations, communicating the Company's growth strategy, financial performance, and plans for enhancing shareholder value to investors, analysts, and other external audiences. FTK complete research report is just a click away and free at:
Forum Energy Technologies
Shares in Texas headquartered Forum Energy Technologies Inc. jumped 4.15%, ending yesterday's session at $22.60. A total volume of 1.73 million shares was traded, which was above their three months average volume of 1.14 million shares. The stock has gained 5.12% in the past month, 15.60% in the previous three months, and 2.73% on an YTD basis. The Company's shares are trading 0.75% above their 50-day moving average and 16.68% above their 200-day moving average. Moreover, shares of Forum Energy Technologies, which designs, manufactures, and distributes products to the oil and natural gas industry in the US and internationally, have an RSI of 56.60.
On February 16th, 2017, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $14 a share to $18 a share.
On February 20th, 2017, Forum Energy announced that as part of a long planned transition its Board of Directors appointed Mr. Prady Iyyanki as President and Chief Executive Officer, effective May 16th, 2017. Mr. C. Christopher Gaut, the current CEO, will become Executive Chairman. The complimentary report on FET can be downloaded at:
On Wednesday, Texas headquartered NOW Inc.'s stock rose 1.88%, to close the day at $19.50. A total volume of 1.33 million shares was traded, which was higher than their three months average volume of 1.06 million shares. The Company's shares are trading 3.58% below their 200-day moving average. Additionally, shares of NOW Inc., which distributes energy and industrial products in the US, Canada, and internationally, have an RSI of 38.88.
On February 15th, 2017, NOW Inc. reported net loss of $71 million, or $0.66 per fully diluted share, for Q4 2016 compared to a net loss of $249 million, or $2.33 per fully diluted share, in Q4 2015. The Company's revenues for Q4 2016 were $538 million, increasing $18 million from Q3 2016. Sign up for your complimentary research report on DNOW at:
Shares in Texas headquartered MRC Global Inc. ended the day 3.46% higher at $20.91. A total volume of 1.18 million shares was traded, which was above their three months average volume of 1.01 million shares. The stock has gained 0.34% in the last one month, 10.58% in the previous three months, and 3.21% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 0.94% and 24.98%, respectively. Furthermore, shares of MRC Global, which through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the US, Canada, and internationally, have an RSI of 51.71.
On February 16th, 2017, MRC Global reported sales of $719 million for Q4 2016, down 26% on a y-o-y basis. Net loss attributable to the Company's common stockholders for Q4 2016 was $24 million, or $0.25 per diluted share, compared to $399 million, or $3.92 per diluted share, for Q4 2015.
On February 21st, 2017, research firm Seaport Global Securities upgraded the Company's stock rating from 'Neutral' to 'Buy' while revising its previous target price from $14 a share to $25 a share. Get free access to your research report on MRC at:
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