Technical Insight on Oil and Gas Equipment and Services Equities -- Halliburton, Schlumberger, McDermott Intl., National Oilwell Varco, and Key Energy Services Editor Note: For more information about this release, please scroll to bottom.
LONDON, August 29, 2014 /PRNewswire/ --
On Thursday, August 28, 2014, the NASDAQ Composite ended at 4,557.70, down 0.26%, the Dow Jones Industrial Average declined 0.25%, to finish the day at 17,079.57, and the S&P 500 closed at 1,996.74, down 0.17%. The losses were broad based as seven out of ten sectors ended the session in negative. The S&P 500 Energy Sector Index ended the day at 712.27, down 0.05%, while the index has advanced 3.34% in the previous three months. Investor-Edge has initiated coverage on the following equities: Halliburton Company (NYSE: HAL), Schlumberger Ltd (NYSE: SLB), McDermott International Inc. (NYSE: MDR), National Oilwell Varco Inc. (NYSE: NOV), and Key Energy Services Inc. (NYSE: KEG). Free research on these five companies can be accessed at:
Halliburton Co.'s stock finished Thursday's session 1.61% lower at $67.38. A total of 7.43 million shares were traded, which was above its three months average volume of 6.25 million shares. The stock moved between $67.27 and $68.26 during the session. Although, Halliburton Co.'s shares have lost 1.71% in the previous three trading sessions, it has advanced 6.21% in the last three months and 32.77% on YTD basis. The stock is trading above its 200-day moving average of $59.89, while the 200-day moving average is below Halliburton Co.'s 50-day moving average of $69.86. The stock traded at a PE ratio of 19.79 and has a Relative Strength Index (RSI) of 47.38. Sign up and read the free notes on HAL at:
On Thursday, shares in Schlumberger Ltd fluctuated between $110.01 and $110.84 before ending the session 0.79% lower at $110.16. The stock reported a trading volume of 3.52 million shares, below its three months average volume of 5.57 million shares. Shares of the company traded at a PE ratio of 21.15. Although, Schlumberger Ltd's shares have declined 0.05% in the previous three trading sessions, it has surged 8.14% in the last three months and 22.25% on YTD basis. The stock is trading above its 200-day moving average of $98.52. Moreover, shares of Schlumberger Ltd have an RSI of 55.63. The complimentary notes on SLB can be downloaded as in PDF format at:
McDermott International Inc.'s stock declined 2.78%, to close the day at $7.35. The stock recorded a trading volume of 2.18 million shares, much below its three months average volume of 3.78 million shares. The stock oscillated between $7.32 and $7.60 during the session. Over the last three trading sessions and since the start of this year, McDermott International Inc.'s shares have declined 0.68% and 19.76%, respectively. However, the stock has gained 3.23% in the last three months. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $7.84 is above its 50-day moving average of $7.66. Additionally, McDermott International Inc. has an RSI of 53.05. Register for free on Investor-Edge and access the latest research on MDR at:
On Thursday, shares in National Oilwell Varco Inc. recorded a trading volume of 1.85 million shares, lower than its three months average volume of 3.04 million shares. The stock ended the day at $85.42, which was 0.23% below its previous day's closing of $85.62, and registered an intraday range of $84.69 and $85.73. Shares of the company traded at a PE ratio of 14.82. National Oilwell Varco Inc.'s shares have advanced 0.89% in the previous three trading sessions, 15.77% in the last three months and 19.18% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $82.87 and $74.21, respectively. Furthermore, shares of National Oilwell Varco Inc. have an RSI of 64.46. The complete research on NOV is available for free at:
Key Energy Services Inc.'s stock declined 2.70%, to close Thursday's session at $6.12, after oscillating between $6.09 and $6.26. The stock recorded a trading volume of 1.20 million shares, below its three months average volume of 2.60 million shares. Key Energy Services Inc.'s shares have lost 0.97% in the previous three trading sessions and 5.70% in the last one month. Additionally, from the beginning of 2014, the stock has plummeted 22.53%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $8.11 is greater than its 50-day moving average of $7.35. Further, Key Energy Services Inc.'s stock has an RSI of 41.46. Free in depth research on KEG is available at:
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.