Oil & Gas Stocks Under Scanner -- Baker Hughes, RPC Inc., TETRA Technologies, and Dril-Quip
NEW YORK, May 22, 2017 /PRNewswire/ --
For today, Stock-Callers.com takes a closer look at Baker Hughes Inc. (NYSE: BHI), RPC Inc. (NYSE: RES), TETRA Technologies Inc. (NYSE: TTI), and Dril-Quip Inc. (NYSE: DRQ). The Oil and Gas Equipment and Services industry consists of companies engaged in oil-and-gas-related services on a contract basis, such as cleaning, testing, erecting, repairing and dismantling of oil and gas field rigs and derricks, as well as pipeline-related services. You can access our complimentary research reports on these stocks now at:
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Baker Hughes
Houston, Texas headquartered Baker Hughes Inc.'s stock finished last Friday's session 1.91% higher at $58.22. A total volume of 2.62 million shares was traded, which was above their three months average volume of 2.49 million shares. The Company's shares are trading above their 200-day moving average by 1.27%. Additionally, shares of Baker Hughes, which supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide, have a Relative Strength Index (RSI) of 46.55.
On May 02nd, 2017, Baker Hughes announced the commercial release of its Dynamus™ extended-life polycrystalline diamond compact drill bit, which can significantly reduce drilling costs by eliminating trips to replace bits or bottomhole assembly tools that wear out in high, horsepower-drilling operations. The Dynamus bit is built on a robust frame that incorporates stabilizing elements to prevent lateral vibrations as well as proprietary cutters engineered to minimize wear. Visit us today and download your complete report on BHI for free at:
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RPC Inc.
On Friday, shares in Atlanta, Georgia headquartered RPC Inc. ended the session 5.81% higher at $20.03. The stock recorded a trading volume of 1.96 million shares. The Company's shares have gained 12.09% in the last one month and 1.11% on an YTD basis. The stock is trading 9.74% above its 50-day moving average and 8.78% above its 200-day moving average. Moreover, shares of RPC, which provides a range of oilfield services and equipment for oil and gas companies involved in the exploration, production, and development of oil and gas properties in the US, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, and Middle-East, have an RSI of 66.37.
On April 26th, 2017, RPC Inc. announced its unaudited results for the first quarter ended March 31st, 2017. Revenues were $298.1 million during the quarter, operating profit was $1.6 million, net income was $3.6 million, and EBITDA was $46.4 million. Cost of revenues for Q1 2017 was $216.2 million; selling, general and administrative expenses were $37.2 million; and income tax benefit was $1.8 million. The complimentary research report on RES can be accessed at:
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TETRA Technologies
The Woodlands, Texas headquartered TETRA Technologies Inc.'s shares jumped 6.81%, closing the session at $3.45 with a total trading volume of 730,700 shares. The stock is trading 5.64% below its 50-day moving average. Shares of the Company, which together with its subsidiaries, operates as a diversified oil and gas services company, have an RSI of 50.72.
On May 10th, 2017, TETRA Technologies announced first quarter 2017 results. Consolidated net loss per share for Q1 2017 was $0.02; adjusted loss per share, excluding Maritech and special items, was $0.10; and revenue was $168 million. The Company also reported an increase of 14% in fluids revenue, production testing loss before taxes of $2.1 million, and consolidated net cash used by operating activities of $20.5 million for the quarter. Register for free on Stock-Callers.com and download the PDF research report on TTI at:
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Dril-Quip
Last Friday at the close, shares in Houston, Texas headquartered Dril-Quip Inc. recorded a trading volume of 583,076 shares, which was above their three months average volume of 561,940 shares. The stock ended the session 1.32% higher at $53.55. The Company's shares have advanced 3.18% in the past month. The stock is trading above its 50-day moving average by 1.69%. Furthermore, shares of Dril-Quip, which together with its subsidiaries, designs, manufactures, sells, and services offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide, have an RSI of 58.20.
On May 01st, 2017, research firm Barclays downgraded the Company's stock rating from 'Overweight' to 'Equal Weight' while revising its previous target price from $77 a share to $57 a share.
On May 02nd, 2017, Dril-Quip announced that it was presented with two Spotlights on New Technology Awards at the 2017 Offshore Technology Conference in Houston on May 01st, 2017 for its BigBore-IIeTM Wellhead System and its DXeTM Wellhead Connector. The Spotlight on New Technology Awards showcases new and advanced technologies that are leading the industry into the future. Get free access to your research report on DRQ at:
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