NEW YORK, April 27, 2017 /PRNewswire/ --
There are numerous activities involved in the Oil and Gas Equipment and Services space, but they can all be generally classified into three distinct categories: equipment manufacturers and suppliers, equipment renters, and service providers. Pre-market today, Stock-Callers.com shifts focus on these four stocks: TechnipFMC PLC (NYSE: FTI), Superior Energy Services Inc. (NYSE: SPN), National Oilwell Varco Inc. (NYSE: NOV), and McDermott International Inc. (NYSE: MDR). You can access our complimentary research reports on these stocks now at:
Shares in London, the UK headquartered TechnipFMC PLC rose 0.44%, ending Wednesday's trading session at $32.26. The stock recorded a trading volume of 3.00 million shares. The Company's shares have gained 2.71% in the last one month. The stock is trading 2.31% above its 200-day moving average. Moreover, shares of TechnipFMC, which provides technologies, systems, and services for oil and gas projects worldwide, have a Relative Strength Index (RSI) of 47.00.
On April 20th, 2017, research firm Seaport Global Securities upgraded the Company's stock rating from 'Neutral' to 'Buy' while revising its previous target price from $35 a share to $40 a share.
On April 25th, 2017, TechnipFMC was awarded a contract by an affiliate of ExxonMobil Corporation for the engineering, manufacture, and delivery of the subsea equipment for the proposed Liza deep-water project. The award scope includes 17 total enhanced vertical deep-water trees and associated tooling, as well as five manifolds and associated controls and tie-in equipment. Visit us today and download your complete report on FTI for free at:
Superior Energy Services
Houston, Texas headquartered Superior Energy Services Inc.'s stock declined 5.20%, closing the day at $12.77. A total volume of 7.42 million shares was traded, which was above their three months average volume of 3.85 million shares. The Company's shares are trading 13.61% below their 50-day moving average. Additionally, 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 36.28.
On April 25th, 2017, Superior Energy Services announced a net loss from continuing operations for Q1 2017 of $89.7 million, or $0.59 per share, on revenue of $400.9 million. US land revenue was $258.7 million in Q1 2017, Gulf of Mexico revenue was $74.9 million, and international revenue was $67.3 million. Drilling Products and Services segment revenue was $68.4 million, and Onshore Completion and Workover Services segment revenue was $205.0 million. The complimentary research report on SPN can be accessed at:
National Oilwell Varco
On Wednesday, shares in Houston, Texas-based National Oilwell Varco Inc. recorded a trading volume of 3.96 million shares, which was higher than their three months average volume of 3.77 million shares. The stock ended the day 0.92% higher at $36.15. The Company's shares are trading below their 200-day moving average by 0.75%. 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 an RSI of 36.68.
On April 06th, 2017, research firm R. F. Lafferty initiated a 'Hold' rating on the Company's stock, with a target price of $39 per share. Register for free on Stock-Callers.com and download the PDF research report on NOV at:
Houston, Texas headquartered McDermott International Inc.'s stock climbed 1.19%, finishing yesterday's session at $6.81. A total volume of 4.39 million shares was traded, which was above their three months average volume of 2.91 million shares. The Company's shares have advanced 8.27% in the last one month. The stock is trading above its 200-day moving average by 9.34%. Additionally, shares of McDermott International, which provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services for upstream field developments worldwide, have an RSI of 53.93.
On April 25th, 2017, McDermott International announced financial and operational results for Q1 ended March 31st, 2017. Net income for Q1 2017 was $21.9 million, revenues were $519.4 million, operating income was $56.0 million, and cash provided by operating activities was $48.5 million. Get free access to your research report on MDR at:
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