NEW YORK, July 24, 2015 /PRNewswire/ --
Equity Research Institute has initiated coverage on the following equities: Basic Energy Services Inc. (NYSE : BAS ), MRC Global Inc. (NYSE : MRC ), C&J Energy Services Ltd (NYSE : CJES ), Hornbeck Offshore Services Inc. (NYSE : HOS ), and NOW Inc. (NYSE : DNOW ). Free research report on Basic Energy Services can be accessed at https://www.EquityResearchInstitute.com/reports?keyword=BAS. On Thursday, July 23, 2015, the NASDAQ Composite ended at 5,146.41, down 0.49%, the Dow Jones Industrial Average declined 0.67%, to finish the day at 17,731.92, and the S&P 500 closed at 2,102.15, down 0.57%. The losses were broad based as eight out of nine sectors ended the session in negative. Register for your complimentary reports at the links given below.
On Thursday, shares in Basic Energy Services Inc. recorded a trading volume of 3.02 million shares, higher than their three months average volume of 2.64 million shares. The stock ended the day 1.44% higher at $6.34. Basic Energy Services Inc.'s stock has lost 16.14% in the last one month, 21.53% in the previous three months and 9.56% on YTD basis. The company is trading below its 50-day and 200-day moving averages by 17.94% and 24.74%, respectively. Furthermore, shares of Basic Energy Services Inc. have a Relative Strength Index (RSI) of 40.62. Sign up and read the free notes on BAS at:
MRC Global Inc.'s stock closed Thursday's session flat at $13.76. The stock recorded a trading volume of 1.80 million shares, close to its three months average volume of 1.90 million shares. Over the last one month and the previous three months, MRC Global Inc.'s shares have lost 14.05% and 1.99%, respectively. Additionally, the stock has lost 9.17% since the start of this year. The company is trading 10.40% and 11.61% below its 50-day and 200-day moving averages, respectively. Furthermore, MRC Global Inc.'s stock traded at a PE ratio of 9.42 and has an RSI of 32.30. The complimentary notes on MRC can be downloaded in PDF format at:
C&J Energy Services Ltd's stock finished Thursday's session 3.74% higher at $10.26. A total of 2.89 million shares were traded, which was above its three months average volume of 1.76 million shares. Over the last one month and the previous three months, C&J Energy Services Ltd's shares have declined 25.00% and 29.53%, respectively. Additionally, the stock has lost 22.33% since the beginning of 2015. The company's shares are trading below their 50-day and 200-day moving averages by 25.33% and 29.12%, respectively. C&J Energy Services Ltd's stock traded at a PE ratio of 20.52 and has an RSI of 28.41. Register for free on Equity Research Institute and access the latest research on CJES at:
On Thursday, shares in Hornbeck Offshore Services Inc. ended the session 5.09% higher at $17.55. The stock reported a trading volume of 1.16 million shares, above its three months average volume of 0.98 million shares. Shares of the company traded at a PE ratio of 5.70. Hornbeck Offshore Services Inc.'s shares have plummeted 18.71% in the last one month, 15.54% in the previous three months and 29.72% on YTD basis. The stock is trading 16.29% below its 50-day moving average and 23.71% below its 200-day moving average. Moreover, shares of Hornbeck Offshore Services Inc. have an RSI of 35.31. The complete research on HOS is available for free at:
NOW Inc.'s stock advanced 5.09%, to close the day at $19.62. The stock recorded a trading volume of 1.08 million shares, above its three months average volume of 0.86 million shares. Over the last one month and over the past three months, NOW Inc.'s shares have declined 10.70% and 14.06%, respectively. Furthermore, the stock has lost 23.75% since the start of this year. The company's shares are trading 9.30% below their 50-day moving average. Additionally, NOW Inc. traded at a PE ratio of 32.70 and has an RSI of 46.25. Free in-depth research on DNOW is available at:
About Equity Research Institute:
Equity Research Institute ("ERI") 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. ERI 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.
ERI has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
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"). Rohit Tuli, a CFA® charter holder (the "CFA®"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the CFA® have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the CFA® (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.
ERI, the Author, the Reviewer and the CFA® (collectively referred to as the "Publishers") 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 by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers 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, the Publishers 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.
NOT AN OFFERING
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 ERI 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://www.equityresearchinstitute.com.
ERI is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) equityresearchinstitute.com.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.