NEW YORK, May 25, 2017 /PRNewswire/ --
The Oil and Gas Equipment and Services industry includes companies that are engaged in cleaning, testing, repairing, erecting, and dismantling oil and gas field rigs and derricks. The demand for these operations is dependent on oil and gas prices. Ahead of today's trading session, Stock-Callers.com dedicates attention to the following four equities: Forum Energy Technologies Inc. (NYSE: FET), Keane Group Inc. (NYSE: FRAC), C&J Energy Services Inc. (NYSE: CJ), and Emerge Energy Services L.P. (NYSE: EMES). Sign up today and download for free the research reports for the stocks covered today at:
Forum Energy Technologies
Houston, Texas headquartered Forum Energy Technologies Inc.'s stock finished Wednesday's session 1.81% lower at $16.84 with a total trading volume of 563,884 shares. The Company's shares are trading 8.44% below their 50-day moving average. Shares of the Company, which designs, manufactures, and distributes products to the oil and natural gas industry in the US and internationally, have a Relative Strength Index (RSI) of 49.58.
On April 27th, 2017, the Company announced Q1 2017 results. Revenue for the quarter was $171 million; net loss was $16 million, or $0.16 per diluted share; and adjusted net loss, excluding $2 million or $0.02 per share of special items, was $0.14 per diluted share. New inbound orders in Q1 2017 were $194 million, a 6% increase from Q4 2016, resulting in a book to bill ratio of 113%.
On May 16th, 2017, research firm JP Morgan upgraded the Company's stock rating from 'Underweight' to 'Neutral'. FET complete research report is just a click away at:
On Wednesday, shares in Houston, Texas-based Keane Group Inc. recorded a trading volume of 465,997 shares. The stock ended the session 0.37% higher at $16.16. The Company's shares have advanced 15.02% in the last one month. The stock is trading 10.01% above its 50-day moving average. Moreover, shares of Keane, which provides full-service completions that include hydraulic fracturing, wireline, coiled tubing, and nitrogen units, have an RSI of 67.58.
On April 26th, 2017, research firm R. F. Lafferty initiated a 'Buy' rating on the Company's stock, with a target price of $22 per share.
On May 18th, 2017, Keane Group announced that it has entered into an agreement to acquire RockPile Energy Services, LLC, a provider of high-quality completion services. Once completed, the transaction will result in an increase in the size of Keane's fleet, one of the largest and most modern pressure pumping fleets in the US, by 26% with approximately 1.2-million total hydraulic fracturing horsepower strategically located across the most prolific U.S. shale basins. The complimentary report on FRAC can be downloaded at:
C&J Energy Services
Houston, Texas headquartered C&J Energy Services Inc.'s shares closed the day 1.06% lower at $34.60. The stock recorded a trading volume of 436,888 shares. The Company's shares have gained 11.40% in the last month. The stock is trading 4.55% above its 50-day moving average. Additionally, shares of C&J Energy Services, which provides completion and production services for oil and gas industry primarily in North America, have an RSI of 62.21.
On May 09th, 2017, the Company announced its financial and operating results for Q1 2017 ended March 31st, 2017. Revenue for the quarter was $314.2 million; net loss was $(32.3) million, or $(0.58) per diluted share; and adjusted EBITDA totaled $4.6 million. Selling, general and administrative expense for Q1 2017 was $62.1 million; research and development expense was $1.2 million; and depreciation and amortization expense was $31.6 million.
On May 16th, 2017, research firm Citigroup initiated a 'Buy' rating on the Company's stock, with a target price of $40 per share. Sign up for your complimentary report on CJ at:
Emerge Energy Services
Shares in Fort Worth, Texas headquartered Emerge Energy Services L.P. finished 1.86% lower at $12.15. The stock recorded a trading volume of 307,164 shares. The Company's shares are trading below their 50-day moving average by 5.51%. Furthermore, shares of Emerge Energy Services, which through its subsidiary, Superior Silica Sands LLC, operates an energy services company in the US, have an RSI of 47.94.
On May 03rd, 2017, Emerge Energy Services announced Q1 2017 financial and operating results. The Company reported net loss of $(11.4) million, adjusted EBITDA of $0.1 million, and distributable cash flow of $(4.2) million for the quarter. Net loss, net loss per diluted unit, and adjusted EBITDA for the three months ended March 31st, 2016, were $(34.2) million, $(1.41) per diluted unit, and $(9.5) million, respectively.
On May 04th, 2017, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $14 a share to $16 a share. Download the research report for free on EMES at:
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