Stock Research Monitor: LBRT, DNOW, and PDS
LONDON, UK / ACCESSWIRE / May 31, 2018 / If you want a free Stock Review on MDR sign up now at www.wallstequities.com/registration. Research reports have been issued by WallStEquities.com on four Oil and Gas Equipment and Services stocks, namely: Liberty Oilfield Services Inc. (NYSE: LBRT), McDermott International Inc. (NYSE: MDR), NOW Inc. (NYSE: DNOW), and Precision Drilling Corp. (NYSE: PDS). These companies belong to the Energy Equipment and Services industry, which includes oil and gas drilling contractors or owners of drilling rigs that contract their services for drilling wells. All you have to do is sign up today for this free limited time offer by clicking the link below.
www.wallstequities.com/registration
Liberty Oilfield Services
On Wednesday, shares in Denver, Colorado headquartered Liberty Oilfield Services Inc. climbed 3.09%, ending the day at $22.35. The stock recorded a trading volume of 519,181 shares. The Company's shares have advanced 12.09% in the last month and 20.23% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 14.32% and 12.60%, respectively. Moreover, shares of the Company, which provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America, have a Relative Strength Index (RSI) of 62.43.
On May 07th, 2018, Liberty Oilfield Services announced its Q1 2018 results. Revenue for the quarter was $495 million, net income was $54 million, and adjusted EBITDA was $100 million. As of March 31st, 2018, the Company had cash on hand of $98 million and total debt of $107 million, net of discount. Get the full research report on LBRT for free by clicking below at:
www.wallstequities.com/registration/?symbol=LBRT
McDermott International
Shares in Houston, Texas headquartered McDermott International Inc. ended the day 2.59% higher at $22.22 with a total trading volume of 3.13 million shares. In the last month and the previous three months, the stock has gained 12.22% and 1.46%, respectively. Additionally, the Company's shares have advanced 20.43% over the past year. The stock is trading above its 50-day and 200-day moving averages by 10.99% and 5.39%, respectively. Furthermore, shares of McDermott, which provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services for upstream field developments, have an RSI of 60.12.
On May 29th, 2018, McDermott announced that it has been awarded a sizeable transportation and installation subcontract by PetroVietnam Technical Services Corporation Offshore Service Joint Stock Company for the Idemitsu Kosan Co., Ltd. Sao Vang and Dai Nguyet gas and condensate field developments in the Nam Con Son Basin, located offshore Vietnam. The scope-of-work is expected to cover transportation and installation services for the central processing platform jacket, topside float-over, wellhead platform, flexible pipelines, subsea power cables, and auxiliary services. Today's complimentary research report on MDR is accessible at:
www.wallstequities.com/registration/?symbol=MDR
NOW Inc.
At the close of trading on Wednesday, shares in Houston, Texas headquartered NOW Inc. finished 1.83% higher at $14.45 with a total trading volume of 1.27 million shares. The stock has advanced 19.13% in the last month 52.27% over the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 15.93% and 23.11%, respectively. Additionally, shares of NOW, which distributes energy and industrial products in the US, Canada, and internationally, have an RSI of 62.60.
On May 03rd, 2018, research firm Cowen reiterated its ‘Market Perform' rating on the Company's stock with an increase of the target price from $9 a share to $11 a share.
On May 22nd, 2018, NOW announced that the financial results for its Q2 ending on June 30th, 2018 are expected to be released on August 02nd, 2018, before the market opens. The Company has scheduled a conference call at 8:00 a.m. US CT that same day to discuss the results. Register now for your free research document on DNOW at:
www.wallstequities.com/registration/?symbol=DNOW
Precision Drilling
Calgary, Canada headquartered Precision Drilling Corp.'s shares recorded a trading volume of 1.46 million shares at the end of yesterday's session. The stock closed the day 2.56% higher at $3.60. The Company's shares have advanced 1.12% in the past month and 14.29% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 9.87% and 18.19%, respectively. Additionally, shares of Precision Drilling, which provides oil and natural gas drilling and related services and products, have an RSI of 51.78.
On May 16th, 2018, Precision Drilling held its 2018 Annual General Meeting of Shareholders in Calgary. A total of 192,600,409 shares (approximately 65.68% of the outstanding common shares) were represented in person or by proxy. Shareholders approved the appointment of eight board members, KPMG LLP was appointed as the Company's auditors, and management's approach to executive compensation was disclosed in the Management Information Circular. Click on the link below and see our free report PDS at:
www.wallstequities.com/registration/?symbol=PDS
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