Technical Roundup on Oil & Gas Stocks -- Synergy Resources, National Oilwell Varco, Emerge Energy Services, and Tesoro Logistics
NEW YORK, October 14, 2016 /PRNewswire/ --
Oil prices steadied on Thursday, as a U.S. government report of larger-than-expected draws in diesel and gasoline helped prices rebound from losses. Today, Stock-Callers.com looks at four Oil and Gas Equipment and Services equities to see how they have fared at the close: Synergy Resources Corp. (NYSE MKT: SYRG), National Oilwell Varco Inc. (NYSE: NOV), Emerge Energy Services L.P. (NYSE: EMES), and Tesoro Logistics L.P. (NYSE: TLLP). Sign up today and download for free the research reports for the stocks covered today at:
http://stock-callers.com/registration
Synergy Resources
Denver, Colorado-based Synergy Resources Corp.'s stock finished Thursday's session at $7.13, declining 0.83%. A total volume of 3.98 million shares was traded. Over the last month and the previous three months, the Company's shares have gained 13.90% and 9.69%, respectively. The stock is trading above its 50-day and 200-day moving averages by 6.78% and 5.90%, respectively. Moreover, shares of Synergy Resources, which engages in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties primarily located in the Denver-Julesburg Basin in Colorado, have a Relative Strength Index (RSI) of 56.29.
On September 06th, 2016, Synergy Resources issued its preliminary FY17 production and capex guidance. For FY17, the company expects Daily Production in the range of 17,500 - 20,000. Synergy Resources projects Drilling & Completion Costs ($MM) in the band of $260 - $300 and Lease Operating Expense (LOE/BOE) to come between $5.00- $5.50.
On September 27th, 2016, research firm RBC Capital Markets initiated an 'Outperform' rating on the Company's stock, issuing a target price of $9 per share. SYRG complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=SYRG
National Oilwell Varco
On Thursday, Houston, Texas headquartered National Oilwell Varco Inc.'s stock rose 0.58%, to close the day at $36.29. A total volume of 3.20 million shares was traded. The Company's shares have advanced 12.32% in the last one month, 7.72% in the previous three months, and 10.29% on an YTD basis. The stock is trading 5.17% above its 50-day moving average and 12.90% above its 200-day moving average. Additionally, 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 54.87.
On October 03rd, 2016, research firm Citigroup downgraded the Company's stock rating from 'Neutral' to 'Sell'. The complimentary report on NOV can be downloaded at:
http://stock-callers.com/registration/?symbol=NOV
Emerge Energy Services
Shares in Southlake, Texas-based Emerge Energy Services L.P. ended yesterday's session 3.40%, lower at $12.51 with a total trading volume of 214,962 shares. The stock has gained 12.60% in the previous three months and 170.19% on an YTD basis. The Company's shares are trading 3.36% above their 50-day moving average and 67.48% above their 200-day moving average. Moreover, shares of Emerge Energy Services, which acquires, owns, operates, and develops a portfolio of energy service assets in the US, have an RSI of 48.67.
On August 31st, 2016, Emerge Energy Services announced that it has completed the previously announced sale of Emerge's fuels business to Sunoco L.P. The Fuels Business is comprised of Arlington-based Direct Fuels LLC and Birmingham-based Allied Energy Company LLC. The aggregate purchase price was $167.7 million, subject to post-closing working capital adjustments. Emerge Energy applied the proceeds of the sale to reduce its outstanding debt.
On September 29th, 2016, research firm Wunderlich upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $12 to $15. Sign up for your complimentary report on EMES at:
http://stock-callers.com/registration/?symbol=EMES
Tesoro Logistics
At the closing bell, shares in San Antonio, Texas-based Tesoro Logistics L.P. ended 0.51%, lower at $46.40. A total volume of 418,250 shares was traded, which was above their three months average volume of 388,560 shares. The stock has gained 1.98% in the last one month. The Company's shares are trading above their 200-day moving average by 2.50%. Furthermore, shares of Tesoro Logistics, which owns, operates, develops, and acquires logistics assets related to crude oil and refined products in the US, have an RSI of 44.02.
On September 30th, 2016, research firm Mizuho initiated a 'Buy' rating on the Company's stock, issuing a target price of $58 per share.
On October 03rd, 2016, Tesoro announced that it has entered into a new senior secured revolving credit agreement with a group of banks led by JPMorgan Chase Bank. The new $2.0 billion, four-year cash flow credit facility replaces Tesoro's previous $3.0 billion asset based credit facility, which was scheduled to mature in November 2019. The new facility is not subject to borrowing base redeterminations, which might otherwise reduce credit availability. Download the research report for free on TLLP at:
http://stock-callers.com/registration/?symbol=TLLP
--
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.
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") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. 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.
NO WARRANTY
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.
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 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: [email protected]
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
Share this article