Oil & Gas Stocks under Review -- Weatherford Intl., Halliburton, Schlumberger, and Synergy Resources

Aug 23, 2016, 07:55 ET from Chelmsford Park SA

NEW YORK, August 23, 2016 /PRNewswire/ --

Stock-Callers.com today takes a closer look at the Oil and Gas Equipment and Services industry which includes companies engaged in oil and gas related services on a contract basis, such as cleaning, testing, erecting, repairing, and dismantling oil and gas field rigs and derricks. Stocks in review are Weatherford International PLC (NYSE: WFT), Halliburton Co. (NYSE: HAL), Schlumberger Ltd (NYSE: SLB), and Synergy Resources Corp. (NYSE MKT: SYRG). Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration

Weatherford Intl. 

Baar, Switzerland headquartered Weatherford International PLC's shares saw a decline of 2.71% and finished Monday's trading session at $5.74. A total volume of 11.97 million shares was traded. In the previous three months, the stock has advanced 13.89%. The Company's shares are trading below their 50-day moving average by 0.62%. Moreover, shares of Weatherford International, which together with its subsidiaries, operates as a multinational oilfield service company worldwide, have a Relative Strength Index (RSI) of 49.39.

On July 27th, 2016, Weatherford International reported that revenue for Q2 2016 was $1.40 billion, down 41%, compared with $2.39 billion in Q2 2015. The company noted that GAAP net loss for Q2 2016 was $565 million, or $0.63 per share, compared to a net loss of $489 million, or $0.63 per share, in Q2 2015. Sign up and read the free research report on WFT at: http://stock-callers.com/registration/?symbol=WFT


On Monday, shares in Houston, Texas-based Halliburton Co. recorded a trading volume of 11.23 million shares, which was above their three months average volume of 8.71 million shares. The stock ended the session 3.78% lower at $45.08. The Company's shares have gained 2.85% in the last one month, 9.19% in the previous three months, and 33.73% on an YTD basis. The stock is trading 2.04% above its 50-day moving average and 18.31% above its 200-day moving average. Furthermore, shares of Halliburton, which provides a range of services and products to the upstream oil and natural gas industry worldwide, have an RSI of 52.80. The complimentary research report on HAL can be downloaded at: http://stock-callers.com/registration/?symbol=HAL


Shares in Paris, France-based Schlumberger Ltd closed the day at $82.05, down 1.51%. The stock recorded a trading volume of 5.09 million shares. The Company's shares have gained 0.54% in the last one month, 10.09% in the previous three months, and 19.26% since the start of this year. The stock is trading 3.27% above its 50-day moving average and 10.38% above its 200-day moving average. Additionally, shares of Schlumberger, which supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industry worldwide, have an RSI of 53.91.

On July 25th, 2016, research firm Scotia Howard Weil reiterated its 'Sector Outperform' rating on the Company's stock with an increase of the target price from $80 a share to $90 a share.

On August 4th, 2016, TGS and Schlumberger announced the commencement of the Dual Coil Shooting* multivessel full-azimuth acquisition Revolution XII and XIII surveys in the U.S. Gulf of Mexico. The surveys will cover approximately 7,150 km2 (306 blocks) in the Green Canyon, Atwater Valley and Ewing Bank protraction areas of the Central Gulf of Mexico. Acquisition is expected to complete in late Q1 2017 with final processed data available in early 2018. Register for free on Stock-Callers.com and access the latest report on SLB at: http://stock-callers.com/registration/?symbol=SLB

Synergy Resources  

At the closing bell yesterday, shares in Denver, Colorado-based Synergy Resources Corp. ended 2.97% lower at $6.86 with a total trading volume of 2.35 million shares. The stock has advanced 10.47% in the last one month and 18.48% over the previous three months. The Company's shares are trading above their 50-day moving average by 2.11%. 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 51.75.

On August 02nd, 2016, research firm Imperial Capital downgraded the Company's stock rating from 'Outperform' to 'In-line', issuing a target price of $6.50 per share.

On August 4th, 2016, Synergy Resources reported that revenues in Q2 2016 were $23.9 million, down from $28.3 million in the same quarter a year ago. In Q2 2016, the average realized price per barrel of oil was $35.06 versus a realized price per barrel of $50.47 in the year ago quarter. The company's Q2 2016 net loss totaled $153.8 million, or $(0.89) per diluted share, compared to a net loss of $4.6 million, or $(0.04) per diluted share, in the year ago quarter. Get free access to your research report on SYRG at: http://stock-callers.com/registration/?symbol=SYRG


Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  


SC, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do 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. 


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@stock-callers.com Phone number:  +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA