NEW YORK, November 15, 2016 /PRNewswire/ --
Stock-Callers.com directs investors' attention to the Oil and Gas Equipment and Services industry which includes companies engaged in oil and gas related services such as cleaning, testing, erecting, repairing, and dismantling of oil and gas field rigs and derricks. Equities under evaluation are McDermott International Inc. (NYSE: MDR), Tidewater Inc. (NYSE: TDW), TETRA Technologies Inc. (NYSE: TTI), and Flotek Industries Inc. (NYSE: FTK). Sign up today and download for free the research reports for the stocks covered today at:
Houston, Texas headquartered McDermott International Inc.'s stock finished Monday's session at $5.74, climbing 2.14%. A total volume of 3.34 million shares was traded, which was above their three months average volume of 2.58 million shares. Over the last month and the previous three months, the Company's shares have advanced 10.17% and 11.67%, respectively. Additionally, the stock has gained 71.34% since the start of this year. Shares of the Company, which provides engineering, procurement, construction and installation, and module fabrication services for upstream field developments worldwide, are trading above their 50-day and 200-day moving averages by 12.18% and 26.76%, respectively. Moreover, shares of McDermott International have a Relative Strength Index (RSI) of 64.51.
On October 26th, 2016, research firm Deutsche Bank reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $4 a share to $5 a share.
On November 07th, 2016, McDermott International announced that it reached 45-million man-hours without a lost time incident in its Middle East Area. The industry-leading Quality Health Safety Environment Security (QHSES) milestone, which was reached on October 24th 2016, has been achieved in part through the company-wide adoption of McDermott's Taking the Lead program which embeds excellence in QHSES performance into the company culture. MDR complete research report is just a click away at:
Shares in Louisiana headquartered Tidewater Inc. ended yesterday's session 1.06% higher at $1.90 and with a total trading volume of 1.52 million shares. The stock is trading 27.06% below its 50-day moving average. Shares of the Company, which provides offshore service vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide, have an RSI of 43.92.
On October 25th, 2016, research firm Argus downgraded the Company's stock rating from 'Hold' to 'Sell'.
As per the press release issued on November 11th, 2016, Tidewater has been in discussions with its principal lenders and note-holders to amend the company's various debt arrangements to obtain relief from certain covenants. Pending the resolution of those discussions, the company had previously received limited waivers from the necessary lenders and note-holders which waived compliance with these covenants until November 11th, 2016. The company has now received extensions of these waivers until January 27th, 2017. The complimentary report on TDW can be downloaded at:
On Monday, The Woodlands, Texas headquartered TETRA Technologies Inc.'s stock rose 0.38%, to close the day at $5.30. A total volume of 1.50 million shares was traded, which was higher than their three months average volume of 891,510 shares. The Company's shares are trading 7.94% below their 50-day moving average. Additionally, shares of TETRA Technologies, which together with its subsidiaries, operates as a diversified oil and gas services company, have an RSI of 45.68.
On November 07th, 2016, TETRA Technologies announced a consolidated Q3 2016 net loss per share attributable to TETRA's stockholders of $0.16, which compares to earnings per share of $0.12 in Q3 2015. TETRA's Fluids operating margin improved sequentially to 14.1% from 0.7%, with income before tax improving to $8.8 million.
On November 08th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $8 a share to $7 a share. Sign up for your complimentary report on TTI at:
Shares in Houston, Texas headquartered Flotek Industries Inc. ended the day 0.94% higher at $11.82 with a total trading volume of 735,416 shares. The stock has gained 3.32% since the start of this year. The Company's shares are trading above their 200-day moving average by 2.85%. Furthermore, shares of Flotek Industries, which develops and supplies oilfield products, services, and equipment to the oil, gas, and mining industries in the US and internationally, have an RSI of 39.73.
On November 02nd, 2016, Flotek reported revenue of $73.7 million for Q3 2016, a decrease of $14.3 million, or 16.2%, compared to Q3 2015. Flotek reported a loss from operations of $4.3 million for Q3 2016. For the reported quarter, the Company reported a net loss of $2.7 million, or $(0.05) per common share (fully diluted), compared to net income of $2.0 million, or $0.04 per common share (fully diluted), in Q3 2015. Download the research report for free on FTK at:
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