Pre-Market Technical Pulse on Oil and Gas Stocks -- MRC Global, Dril-Quip, Emerge Energy Services, and Forum Energy Technologies
NEW YORK, July 7, 2017 /PRNewswire/ --
If you want a Stock Review on MRC, DRQ, EMES or FET then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Four equities belonging to the Oil and Gas Equipment and Services space have been chosen by DailyStockTracker.com for review, and they are: MRC Global Inc. (NYSE: MRC), Dril-Quip Inc. (NYSE: DRQ), Emerge Energy Services L.P. (NYSE: EMES), and Forum Energy Technologies Inc. (NYSE: FET). The Oilfield Services and Equipment industry is made up of a mature set of companies - the fortunes of which are dependent on the drilling expenditures of oil and natural gas producers. Since demand for such fuels fluctuates with the economy, oilfield services stocks are considered cyclical. Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
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MRC Global
Houston, Texas headquartered MRC Global Inc.'s stock finished Thursday's session 1.27% lower at $16.28 with a total trading volume of 449,075 shares. The Company's shares are trading 10.32% below their 50-day moving average. Shares of the Company, which through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the US, Canada, and internationally, have a Relative Strength Index (RSI) of 42.61. MRC complete research report is just a click away at:
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Dril-Quip
On Thursday, shares in Houston, Texas headquartered Dril-Quip Inc. recorded a trading volume of 1.58 million shares, which was above their three months average volume of 608,540 shares. The stock ended the session 2.47% lower at $47.40. The Company's shares are trading 7.14% below their 50-day moving average. Moreover, 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 38.58. The complimentary report on DRQ can be downloaded at:
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Emerge Energy Services
Fort Worth, Texas headquartered Emerge Energy Services L.P.'s shares closed the day 0.68% higher at $8.87. The stock recorded a trading volume of 323,495 shares. The Company's shares are trading 18.17% below their 50-day moving average. Additionally, shares of Emerge Energy Services, which through its subsidiary, Superior Silica Sands LLC, operates an energy services company in the US, have an RSI of 43.40. Sign up for your complimentary report on EMES at:
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Forum Energy Technologies
Shares in Houston, Texas headquartered Forum Energy Technologies Inc. finished 3.59% lower at $14.75. The stock recorded a trading volume of 798,458 shares. The Company's shares are trading below their 50-day moving average by 9.74%. Furthermore, shares of Forum Energy Technologies, which designs, manufactures, and distributes products to the oil and natural gas industry in the US and internationally, have an RSI of 41.69.
On June 07th, 2017, research firm Societe Generale initiated a 'Buy' rating on the Company's stock, with a target price of $20 per share.
On July 05th, 2017, Forum Energy Technologies announced that it acquired the stock of Multilift from Pelican Energy Partners, a Houston-based oilfield services focused private equity fund, and management. The Multilift acquisition fits with the former's strategy of increasing its product offering in the artificial lift value chain to completions customers, and leverage its distribution system to rapidly grow Multilift's sales with additional customers and through geographic expansion. Download the research report for free on FET at:
http://dailystocktracker.com/registration/?symbol=FET
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