Stock Research Monitor: DRQ, OIS, and PKD
LONDON, UK / ACCESSWIRE / May 10, 2018 / If you want a free Stock Review on OII sign up now at www.wallstequities.com/registration. Pre-market, WallStEquities.com scans Dril-Quip Inc. (NYSE: DRQ), Oceaneering International Inc. (NYSE: OII), Oil States International Inc. (NYSE: OIS), and Parker Drilling Co. (NYSE: PKD). These companies belong to the Oilfield Equipment and Services industry, which refers to all products and services associated with the oil and gas exploration and production process, or the Upstream Energy industry. It includes services such as locating energy sources, energy data management, drilling and formation evaluation, well construction, and production and completion services. All you have to do is sign up today for this free limited time offer by clicking the link below.
On Wednesday, shares in Houston, Texas headquartered Dril-Quip Inc. recorded a trading volume of 433,250 shares. The stock ended the day at $44.95, rising 1.35% from the last trading session. The Company's shares are trading below their 50-day moving average by 0.11%. Furthermore, shares of Dril-Quip, which together with its subsidiaries, designs, manufactures, sells, and services onshore and offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide, have a Relative Strength Index (RSI) of 53.48.
On May 01st, 2018, Dril-Quip announced that it was presented with a Spotlight on New Technology Award for its HFRe™ hands-free drilling riser system on April 30th, 2018, at the 2018 Offshore Technology Conference in Houston. The Spotlight on New Technology Awards showcases new and advanced technologies that are leading the industry into the future. Get the full research report on DRQ for free by clicking below at:
Houston, Texas headquartered Oceaneering International Inc.'s stock jumped 5.36%, finishing yesterday's session at $23.40. A total volume of 1.56 million shares was traded, which was above their three months average volume of 1.40 million shares. The Company's shares have gained 19.75% in the last month and 21.12% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 19.42% and 8.60%, respectively. Additionally, shares of Oceaneering International, which provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide, have an RSI of 71.25.
On April 25th, 2018, Oceaneering International reported its results for the three months ended March 31st, 2018. Net loss for Q1 2018 was $49.1 million, revenue was $416.4 million, income (loss) from operations was $(27.1) million, and consolidated adjusted EBITDA was $25.2 million. During the quarter, the Company generated $5.6 million of cash flow provided by operating activities and utilized $25.7 million of cash to organically grow its portfolio of services and products. Get access to our top-rated research, including the free report on OII at:
Oil States International
Shares in Houston, Texas headquartered Oil States International Inc. ended the session 0.55% higher at $36.70. The stock recorded a trading volume of 876,014 shares. The Company's shares have gained 27.65% in the last month, 24.62% over the previous three months, and 26.77% over the past year. The stock is trading 25.99% above its 50-day moving average and 38.21% above its 200-day moving average. Moreover, shares of the Company, which through its subsidiaries, provides specialty products and services to oil and gas companies worldwide, have an RSI of 68.99.
On April 25th, 2018, Oil States International reported its Q1 2018 results. Net loss for Q1 2018 was $3.5 million, revenues were $253.6 million, and adjusted consolidated EBITDA was $32.3 million (excluding $3.4 million of transaction-related and severance charges). As of March 31st, 2018, $188.0 million was outstanding under the Company's revolving credit facility, along with an additional $20.9 million of outstanding letters of credit, while cash totaled $25.1 million.
On April 30th, 2018, research firm Cowen reiterated its ‘Market Perform' rating on the Company's stock with an increase of the target price from $25 a share to $30 a share. Click here to subscribe for a free membership which welcomes you with our report on OIS at:
At the closing bell on Wednesday, Houston, Texas headquartered Parker Drilling Co.'s stock rose 1.76%, finishing at $0.62. A total volume of 1.88 million shares was traded, which was above their three months average volume of 985,380 shares. The Company's shares have gained 12.17% in the last month. The stock is trading 9.96% below its 50-day moving average. Additionally, shares of Parker Drilling, which provides contract drilling and drilling-related services, and rental tools and services to the energy industry, have an RSI of 46.43.
On May 01st, 2018, Parker Drilling announced its results for Q1 ended March 31st, 2018. Net loss for Q1 2018 was $29.7 million, revenues were $109.7 million, and adjusted EBITDA was $11.9 million. Total liquidity at the end of the quarter was $170.2 million, consisting of $118.3 million cash and $51.9 million available under the Company's revolving credit facility. To get free access to your research report on PKD, sign up at:
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