Research Reports Coverage on Oil & Gas Stocks -- Basic Energy Services, Oceaneering Intl., RPC Inc., and NOW Inc.

Sep 08, 2016, 08:05 ET from Chelmsford Park SA

NEW YORK, September 8, 2016 /PRNewswire/ --

The U.S. Oil and Gas Equipment and Services industry is very competitive in foreign markets, especially with Chinese and South Korea. Given the volatility in oil prices, companies in this space are constantly developing new and low cost extraction and production methods to maintain advantage over rivals. In today's pre-market research, Stock-Callers.com has initiated research reports on the following equities: Basic Energy Services Inc. (NYSE: BAS), Oceaneering International Inc. (NYSE: OII), RPC Inc. (NYSE: RES), and NOW Inc. (NYSE: DNOW). These stocks research reports can be downloaded now by simply registering for free at:

http://stock-callers.com/registration

Basic Energy Services  

At the close on Wednesday, shares in Fort Worth, Texas headquartered Basic Energy Services Inc. ended flat at $0.41. The stock recorded a trading volume of 1.31 million shares. The Company's shares are trading below their 50-day moving average by 56.22%. Moreover, shares of Basic Energy Services, which provides well site services to oil and natural gas drilling and producing companies in the US, have a Relative Strength Index (RSI) of 26.71.

On August 09th, 2016, research firm Macquarie upgraded the Company's stock rating from 'Underperform' to 'Neutral'.

As per notes filed with the SEC dated September 7th, 2016, on August 31st, 2016, Basic Energy Services and certain of its subsidiaries entered into the Temporary Limited Waiver and Consent to the Term Loan Credit Agreement dated as of February 17th, 2016, by and among Basic, as borrower, the lenders party thereto and U.S. Bank National Association, as administrative agent for the Lenders. Pursuant to the First Limited Waiver and Consent, the Lenders temporarily waived the event of default under the Term Loan Agreement requiring Basic to cause not less than 95% of the term loan priority collateral to become subject to a perfected, first priority lien. Also pursuant to the First Limited Waiver and Consent, the Administrative Agent and the Lenders consented to the sale by Basic Energy Services, L.P. to the Texas Department of Transportation of a 0.513 acre tract of land situated in Howard County, Texas and the related partial release of lien. The Sale Consent is conditioned upon the proceeds from the asset sale being deposited into the escrow account established in connection with entry into the Term Loan Agreement. Your complete research report on BAS can be retrieved for free at:

http://stock-callers.com/registration/?symbol=BAS

Oceaneering Intl. 

Shares in Houston, Texas-based Oceaneering International Inc. ended the day 2.12% lower at $25.43. A total volume of 2.76 million shares was traded, which was higher than their three months average volume of 1.61 million shares. The stock is trading below its 50-day moving average by 10.11%. Furthermore, shares of Oceaneering International, which provides engineered services and products to the offshore oil and gas industry worldwide, have an RSI of 33.49. OII free report is just a click away at:

http://stock-callers.com/registration/?symbol=OII

RPC Inc. 

On Wednesday, shares in Atlanta, Georgia headquartered RPC Inc. finished 0.20% lower at $15.23 with a total volume of 950,208 shares traded. The stock has advanced 0.20% in the last one month and 27.45% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 0.96% and 10.00%, respectively. Additionally, shares of RPC, which provides a range of oilfield services and equipment for oil and gas companies involved in the exploration, production, and development of oil and gas properties in the US, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, the Middle East, and New Zealand, have an RSI of 47.31. Sign up for your complimentary research report on RES at:

http://stock-callers.com/registration/?symbol=RES

NOW Inc. 

Houston, Texas headquartered NOW Inc.'s shares recorded a trading volume of 612,567 shares at the end of yesterday's session and closed the day at $20.44, declining 0.49%. The stock has advanced 6.46% in the previous three months and 29.20% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 3.32% and 17.56%, respectively. Additionally, shares of NOW, which distributes energy and industrial products in the US, Canada, and internationally, have an RSI at 47.98.

On August 3rd, 2016, NOW reported for Q2 ended June 30th, 2016 a net loss of $44 million, or $(0.40) per fully diluted share, compared to net loss of $19 million, or $(0.18) per fully diluted share, in the same period of 2015. The company's revenues for Q2 2016 were $501 million, a decrease of 9% from Q1 2016. Cash flows from operating activities were $66 million for Q2 2016 compared to $94 million for Q2 2015. Register for free on Stock-Callers.com and download the latest research report on DNOW at:

http://stock-callers.com/registration/?symbol=DNOW

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