July 13, 2016 - 9:22 AM EDT
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Coverage Initiated on Select Oil and Gas Equipment Stocks

LONDON, UK / ACCESSWIRE / July 13, 2016 / Active Wall St. announces the list of stocks for today's coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Oil & Gas Equipment & Services industry. Companies recently under review include Synergy Resources, C&J Energy Services, Baker Hughes, and Superior Energy Services. See our complete notes on Synergy Resources at:


Today, AWS is promoting its equity coverage. Get all of our research notes free by signing up to http://www.activewallst.com/register/.

The U.S. Oil and Gas Equipment and Services space comprises of companies engaged in oil and gas related services, some oil and gas equipment manufacture, and exploration related operations. Let us see how recovering oil prices have impacted the above equities over the recent weeks by accessing their notes at:


Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Synergy Resources Corp. (NYSE MKT: SYRG)

Denver, Colorado-based Synergy Resources Corp.'s shares surged 4.70%, closing the session at $6.91. The stock recorded a trading volume of 4.67 million shares. Shares of the Company have advanced 3.29% in the last month. The stock is trading 7.32% above its 50-day moving average. Additionally, 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 54.07.

On June 14, 2016, Synergy Resources announced that it has closed its previously announced Greeley Crescent acquisition from Noble Energy for certain assets (approximately 33,100 net acres and 800 BOEPD in Weld County, Colorado) in the Wattenberg Field within the DJ Basin. Synergy also announced today that the company's borrowing base on its revolving credit facility has been re-affirmed at $145 million. The Company also announced the closing of its previously disclosed $80 million private note offering.

On June 23rd, 2016, research firm Simmons initiated an 'Overweight' rating for the Company's stock.

C&J Energy Services Ltd (NYSE: CJES)

On Tuesday, shares in Houston, Texas headquartered C&J Energy Services Ltd recorded a trading volume of 4.18 million shares. The stock fell 7.47%, ending the day at $0.45. The Company's shares are trading below their 50-day moving average by 33.26%. Furthermore, shares of C&J Energy Services, which provides completion and production services for oil and gas industry primarily in North America, have an RSI of 39.04.

On June 30, 2016, C&J Energy Services announced an agreement in principle with its secured lenders on the key aspects of a proposed restructuring transaction, subject to the negotiation of specific terms and definitive documentation. The agreement in principle contemplates a complete deleveraging transaction pursuant to which approximately $1.4 billion of the Company's outstanding debt will be converted to new common equity. The complimentary notes on CJES can be accessed at:


Baker Hughes Inc. (NYSE: BHI)

Houston, Texas headquartered Baker Hughes Inc.’s stock finished the day 5.09% higher at $45.82 and with a total volume of 3.80 million shares traded. The Company's shares have gained 11.55% in the previous three months and 0.04% since the start of this year. The stock is trading above its 50-day moving average by 0.51%. Additionally, shares of Baker Hughes, which supplies oilfield services, products, technology, and systems to the oil and natural gas industry globally, have an RSI of 52.93.

On July 11th, 2016, research firm Jefferies upgraded the Company's stock rating from 'Underperform' to 'Hold'. The research firm also revised downwards its previous target price from $41 to $38.

Baker Hughes will release its second quarter financial results on Thursday, July 28, 2016, at 7:00 a.m. Eastern Time. Register for free and access the notes on BHI at:


Superior Energy Services Inc. (NYSE: SPN)

Shares in Houston, Texas headquartered Superior Energy Services Inc. ended yesterday's session 5.39% higher at $18.95. The stock recorded a trading volume of 3.13 million shares. The Company's shares have advanced 1.77% in the last one month, 34.68% in the previous three months, and 41.89% on an YTD basis. The stock is trading 9.16% and 34.19% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Superior Energy Services, which provides specialized oilfield services and equipment to crude oil and natural gas exploration and production companies in the U.S., the Gulf of Mexico, and globally, have an RSI of 56.99.

On June 16th, 2016, research firm Scotia Howard Weil reiterated its 'Focus Stock' rating with an increase of the target price to $27 a share from $21 a share for the Company’s stock.

Superior Energy Services will release its second quarter 2016 results on Monday, July 25, 2016 after the market closes. In conjunction with the release, the company has scheduled a conference call, which will be broadcasted on Tuesday, July 26, 2016 at 11:00 a.m. SPN free notes are just a click away at:


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SOURCE: Active Wall Street

Source: ACCESSWIRE Investor Awareness (July 13, 2016 - 9:22 AM EDT)

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