If you want a Stock Review on MDR, BHGE, DNOW, or OII then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. DailyStockTracker.com has initiated research coverage on McDermott International Inc. (NYSE: MDR); Baker Hughes, a GE company Class A (NYSE: BHGE); NOW Inc. (NYSE: DNOW); and Oceaneering International Inc. (NYSE: OII). Companies in the Oil and Gas Equipment and Services space may not be directly exposed to commodity prices, but they are indirectly affected by them. Equipment and service providers get their revenue from oil and gas producers’ capital expenditures. Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
On Thursday, shares in Houston, Texas headquartered McDermott International Inc. recorded a trading volume of 2.26 million shares. The stock ended the day at $6.74, rising 1.35% from the last trading session. The Company’s shares have advanced 12.15% in the past month and 6.81% in the previous three months. The stock is trading above its 50-day moving average by 2.32%. Furthermore, shares of McDermott, which provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services for upstream field developments worldwide, have a Relative Strength Index (RSI) of 61.22.
On September 05th, 2017, McDermott announced that Philippe Barril has been appointed to its Board of Directors, effective September 01st, 2017. Mr. Barril will serve on the Company’s Governance Committee. He has served as the COO of SBM Offshore N.V. (“SBM”), a provider of floating production solutions to the offshore energy industry, since March 2015, and has also been a member of SBM’s Management Board since April 2015. Sign up and read the free research report on MDR at:
Baker Hughes, a GE company
Houston, Texas headquartered Baker Hughes, a GE company’s stock climbed 0.80%, finishing yesterday’s session at $36.38. A total volume of 4.79 million shares was traded, which was above their three months average volume of 3.66 million shares. The Company’s shares have gained 6.03% in the last month. The stock is trading above its 50-day moving average by 3.55%. Additionally, shares of Baker Hughes, which provides integrated oilfield products, services, and digital solutions worldwide, have an RSI of 65.54.
On August 31st, 2017, research firm Barclays initiated an ‘Overweight’ rating on the Company’s stock, with a target price of $41 per share.
On September 08th, 2017, Baker Hughes, a GE company announced that its international rig count for August 2017 was 952, down 7 from the 959 counted in July 2017, and up 15 from the 937 counted in August 2016. The international offshore rig count for August 2017 was 201, down 3 from the 204 counted in July 2017, and down 27 from the 228 counted in August 2016. The complimentary research report on BHGE can be downloaded at:
Shares in Houston, Texas headquartered NOW Inc. ended the session 2.20% higher at $13.03. The stock recorded a trading volume of 1.38 million shares, which was above its three months average volume of 1.28 million shares. The Company’s shares have gained 7.51% in the last one month. The stock is trading 4.91% below its 50-day moving average. Moreover, shares of NOW Inc., which distributes energy and industrial products in the US, Canada, and internationally, have an RSI of 56.83.
On September 07th, 2017, NOW Inc. announced that it has scheduled a conference call to discuss the results for Q3 2017 on November 01st, 2017, at 8:00 a.m. US CT. Financial results for Q3 ending on September 30th, 2017, are expected to be released that morning before the market opens. The call will be broadcast on a listen-only basis, and can be accessed under the Investor Relations link of the Company’s website. Register for free on DailyStockTracker.com and access the latest report on DNOW at:
At the closing bell on Thursday, Houston, Texas headquartered Oceaneering International Inc.’s stock gained 0.93%, finishing at $26.02. A total volume of 802,687 shares was traded. The Company’s shares have advanced 14.58% in the last month and 6.46% over the previous three months. The stock is trading 9.54% and 0.09% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Oceaneering, which provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide, have an RSI of 72.23.
On August 25th, 2017, research firm RBC Capital Markets upgraded the Company’s stock rating from ‘Underperform’ to ‘Outperform’ while revising its previous target price from $25 a share to $33 a share. Get free access to your research report on OII at:
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