NEW YORK, February 17, 2017 /PRNewswire/ --
This morning's research on Stock-Callers.com focuses attention to Weatherford International PLC (NYSE: WFT), Halliburton Co. (NYSE: HAL), Schlumberger Ltd (NYSE: SLB), and Synergy Resources Corp. (NYSE MKT: SYRG). These stocks belong to the Oil and Gas Equipment and Services space which provides exploration and production companies with all the tools and services they need to extract oil and gas from the ground. These include drill bits, deepwater rigs, seismic surveys, and sand proppant. Register now and get full and free access to our downloadable research reports on these stocks at:
Baar, Switzerland headquartered Weatherford International PLC's stock finished Thursday's session 3.09% lower at $5.96 with a total trading volume of 14.71 million shares. The Company's shares have advanced 11.82% in the past month, 15.95% over the previous three months, and 19.44% on an YTD basis. The stock is trading 8.87% above its 50-day moving average and 6.76% above its 200-day moving average. Additionally, shares of Weatherford International, which together with its subsidiaries, operates as a multinational oilfield service company worldwide, have a Relative Strength Index (RSI) of 57.12.
On February 01st, 2017, Weatherford International and Nabors Industries Ltd (NBR) announced that they have signed a non-binding Memorandum of Understanding (MOU) to form an alliance focused on delivering enhanced drilling solutions to the oil and gas land market in the lower 48 states of the US. The MOU states that Weatherford will bring well construction expertise, managed pressure drilling solutions, directional drilling capabilities and drilling hardware, as well as associated software applications and engineering personnel.
On February 03rd, 2017, research firm Loop Capital upgraded the Company's stock rating from 'Hold' to 'Buy'. Access our complete research report on WFT for free at:
On Thursday, shares in Houston, Texas-based Halliburton Co. recorded a trading volume of 10.91 million shares, which was above their three months average volume of 8.14 million shares. The stock ended the session 2.62% lower at $54.31. The Company's shares have advanced 9.51% in the previous three months and 0.41% since the start of this year. The stock is trading 15.38% above its 200-day moving average. Moreover, shares of Halliburton, which provides a range of services and products to the upstream oil and natural gas industry worldwide, have an RSI of 41.80.
On January 18th, 2017, research firm SunTrust initiated a 'Buy' rating on the Company's stock.
On February 14th, 2017, Halliburton announced that it will redeem the entire outstanding principal amount of its 5.90% Senior Notes due September 2018 and 6.15% Senior Notes due September 2019. The redemption date for the Notes is March 15th, 2017, while the aggregate principal amount of the Notes outstanding is $1.4 billion. The complimentary research report on HAL can be downloaded at:
Shares in Houston, Texas-based Schlumberger Ltd closed the day 0.76% lower at $81.13. The stock recorded a trading volume of 5.10 million shares. The Company's shares have gained 1.17% in the previous three months. The stock is trading 2.38% above its 200-day moving average. Additionally, shares of Schlumberger, which supplies technology products and services to the oil and gas exploration and production industry worldwide, have an RSI of 38.71.
On January 18th, 2017, research firm SunTrust initiated a 'Hold' rating on the Company's stock.
On January 20th, 2017, Schlumberger reported full-year 2016 revenue of $27.8 billion down 22% y-o-y, despite three quarters of activity from the Cameron Group that contributed $4.2 billion in revenue. Excluding Cameron, consolidated revenue declined 34%. The Company's full-year 2016 pretax operating income was $3.3 billion, including the $653 million contribution from the Cameron Group, which was a decrease of 50% y-o-y. Schlumberger's consolidated margin fell 658 basis points (bps) to 11.8%. Register for free on Stock-Callers.com and get access to the latest PDF format report on SLB at:
At the close of trading on Thursday, shares in Denver, Colorado-based Synergy Resources Corp. finished 0.82% lower at $8.48. The stock recorded a trading volume of 2.89 million shares. The Company's shares have advanced 1.31% in the previous three months. The stock is trading above its 200-day moving average by 15.00%. Furthermore, shares of Synergy Resources, which engages in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties primarily located in the Denver-Julesburg Basin in Colorado, have an RSI of 41.26.
On February 07th, 2017, Synergy Resources reported that production sales volumes for three and twelve months ended December 31st, 2016 were 13,269 BOE/day and 11,670 BOE/day, respectively. The Company's drilling and completion capital expenditures for three and twelve months ended December 31st, 2016 were $47.7 million and $130.9 million, respectively. Synergy Resources' proved reserves at year-end 2016 increased 41% over the December year-end 2015. Download your free research report on SYRG at:
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