NEW YORK, August 19, 2016 /PRNewswire/ --
The Oil and Gas Equipment and Services space is a diverse industry that includes companies which provide the tools and services needed for exploration and drilling for new oil and gas supplies. These providers get their revenue from oil and gas producers' capital expenditures. Stock-Callers.com turns investors' attention to these names and see where they stand in the market today: National Oilwell Varco Inc. (NYSE: NOV), Baker Hughes Inc. (NYSE: BHI), Superior Energy Services Inc. (NYSE: SPN), and Helix Energy Solutions Group Inc. (NYSE: HLX). Learn more about these stocks by downloading their comprehensive and free reports at: http://stock-callers.com/registration
National Oilwell Varco
On Thursday, shares in Houston, Texas headquartered National Oilwell Varco Inc. recorded a trading volume of 4.00 million shares. The stock ended the day at $36.09, climbing 2.85%. The Company's shares have gained 9.53% in the last one month, 16.24% over the previous three months, and 9.51% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.68% and 11.46%, respectively. Furthermore, shares of National Oilwell Varco, which designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations; and provides oilfield services to the upstream oil and gas industry worldwide, have a Relative Strength Index (RSI) of 63.84.
On July 29th, 2016, research firm Johnson Rice upgraded the Company's stock rating from 'Hold' to 'Accumulate'.
On August 18th, 2016, National Oilwell Varco announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on September 30th, 2016 to stockholder of record on September 16th, 2016. NOV complete research report is just a click away and free at: http://stock-callers.com/registration/?symbol=NOV
Houston-headquartered Baker Hughes Inc.'s stock finished yesterday's session 2.62% higher at $52.05. A total volume of 3.58 million shares was traded, which was above their three months average volume of 3.42 million shares. The Company's shares have gained 14.28% in the last one month, 15.90% over the previous three months, and 14.05% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 13.04% and 14.72%, respectively. Furthermore, shares of Baker Hughes, which supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide, have an RSI of 69.69.
On August 01st, 2016, research firm Deutsche Bank reiterated its 'Hold' rating on the Company's stock while increasing the target price from $38 a share to $52 a share. The complimentary report on BHI can be downloaded at: http://stock-callers.com/registration/?symbol=BHI
Superior Energy Services
At the closing bell on Thursday, shares in Houston-headquartered Superior Energy Services Inc. soared 4.97%, ending the day at $18.36. The stock recorded a trading volume of 1.75 million shares. The Company's shares have advanced 1.83% in the last one month, 15.98% in the previous three months, and 37.48% since the start of this year. The stock is trading 4.26% above its 50-day moving average and 27.50% above its 200-day moving average. Moreover, shares of Superior Energy Services, which provides specialized oilfield services and equipment to crude oil and natural gas exploration and production companies in the US, the Gulf of Mexico, and internationally, have an RSI of 60.59.
On July 25th, 2016, Superior Energy Services Inc. announced a net loss from continuing operations for Q2 2016 of $468.6 million, on revenue of $356.3 million. This compares to a net loss from continuing operations for Q2 2015 of $775.1 million, on revenue of $710.8 million.
On July 27th, 2016, research firm Scotia Howard Weil reiterated its 'Focus Stock' rating on the Company's stock with a decrease of the target price from $27 a share to $25 a share. Sign up for your complimentary research report on SPN at: http://stock-callers.com/registration/?symbol=SPN
Helix Energy Solutions Group
Houston-headquartered Helix Energy Solutions Group Inc.'s stock ended the day 5.37% higher at $8.44 and with a total trading volume of 1.55 million shares. The Company's shares have gained 7.93% in the last month, 18.87% over the previous three months, and 60.46% on an YTD basis. The stock is trading 12.87% above its 50-day moving average and 39.18% above its 200-day moving average. Additionally, shares of Helix Energy Solutions Group, which together with its subsidiaries, provides specialty services to the offshore energy industry primarily in the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions, have an RSI of 59.47.
As per notes filed with the SEC on August 11th, 2016, the company entered into an Equity Distribution Agreement with Wells Fargo Securities, LLC., pursuant to which, it may sell from time to time shares of its common stock, no par value, having an aggregate gross sales price of up to $50 million. Get free access to your research report on HLX at: http://stock-callers.com/registration/?symbol=HLX
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