Analyst Scanner on Energy Equipment and Services Equities -- Hercules Offshore, Nabors Industries, Patterson-UTI Energy, Forum Energy Technologies, and Oceaneering International
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LONDON, August 12, 2014 /PRNewswire/ --
The trading session on Monday, August 11, 2014 ended on a higher note as the Dow Jones Industrial Average finished at 16,569.98, up 0.10% and the NASDAQ Composite closed at 4,401.33, up 0.70%. The S&P 500 finished the day 0.28% higher at 1,936.92. During the trading session seven out of ten sectors finished on a positive note. The S&P 500 Energy Sector Index finished the day at 702.45, down 0.15%, while the index has advanced 2.49% in the previous three months. Investor-Edge has initiated coverage on the following equities: Hercules Offshore Inc. (NASDAQ: HERO), Nabors Industries Ltd (NYSE: NBR), Patterson-UTI Energy Inc. (NASDAQ: PTEN), Forum Energy Technologies Inc. (NYSE: FET) and Oceaneering International Inc. (NYSE: OII). Free research on these five companies can be accessed at:
http://investor-edge.com/register
Hercules Offshore Inc.'s stock gained 3.77% on Monday, ending the session at $3.30. A total of 3.45 million shares were traded, below its three months average volume of 4.79 million shares. The stock moved between $3.15 and $3.32 during the session. Shares in Hercules Offshore Inc. have declined 0.90% in the previous three trading sessions and 17.09% in the last one month. Moreover, the company's shares have lost 49.39% from the beginning of 2014. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $4.10 is below its 200-day moving average of $5.04. Moreover, Hercules Offshore Inc.'s stock traded at a PE ratio of 7.30 and has a Relative Strength Index (RSI) of 23.12. Sign up and read the free notes on HERO at:
http://www.Investor-Edge.com/HERO-12Aug2014
On Monday, shares in Nabors Industries Ltd declined 0.22%, closing the day at $26.86. The stock recorded a trading volume of 2.48 million shares, which was below its three months average volume of 3.82 million shares. The stock oscillated between $26.78 and $27.27 during the session. The stock traded at a PE ratio of 24.29. Shares in Nabors Industries Ltd have gained 0.34% in the previous three trading sessions and 58.09% since the start of this year, while the company's shares have lost 6.74% in the last one month. Shares in Nabors Industries Ltd are trading below their 50-day moving average. The stock's 50-day moving average of $28.04 is above its 200-day moving average of $22.27. Additionally, the stock has an RSI of 40.72. The complimentary notes on NBR can be downloaded as in PDF format at:
http://www.Investor-Edge.com/NBR-12Aug2014
Shares in Patterson-UTI Energy Inc. recorded a trading volume of 1.37 million shares, below its three months average volume of 2.19 million shares. On Monday, the stock finished the day at $33.92, which was 0.24% higher its previous day's closing of $33.84, and registered an intraday range of $33.75 and $34.38. The stock traded at a PE ratio of 31.30. Shares in Patterson-UTI Energy Inc. have advanced 0.56% in the previous three trading sessions and 33.97% on YTD basis. However, the company's shares are down 1.22% in the last one month. Shares in Patterson-UTI Energy Inc. are trading below their 50-day moving average. The stock's 50-day moving average of $34.64 is above its 200-day moving average of $29.58. Furthermore, the stock has an RSI of 42.42. Register for free on Investor-Edge and access the latest research on PTEN at:
http://www.Investor-Edge.com/PTEN-12Aug2014
Shares in Forum Energy Technologies Inc. fluctuated between $32.69 and $33.33 before ending Monday's session 0.24% higher at $32.77. The stock reported a trading volume of 0.30 million shares, which was below its three months average volume of 0.57 million shares. Shares of the company traded at a PE ratio of 20.62. Shares in Forum Energy Technologies Inc. have advanced 0.96% in the previous three trading sessions and 15.96% on YTD basis, although, the company's shares have fallen by 5.81% in the last one month. Shares in Forum Energy Technologies Inc. are trading below their 50-day moving average. The stock's 50-day moving average of $34.84 is above its 200-day moving average of $30.13. Further, the company's shares have an RSI of 37.49. The complete research on FET is available for free at:
http://www.Investor-Edge.com/FET-12Aug2014
On Monday, shares in Oceaneering International Inc. edged 0.78% lower, closing the day at $68.28. The stock recorded a trading volume of 0.77 million shares, which was below its three months average volume of 0.95 million shares. The stock oscillated between $68.20 and $69.12 during the session. Shares in Oceaneering International Inc. have gained 0.07% in the previous three trading sessions, while the company's shares have lost 6.08% in the last one month and 13.44% since the start of this year. Shares in Oceaneering International Inc. are trading below their 50-day and 200-day moving averages of $73.43 and $74.40, respectively. Additionally, the stock traded at a PE ratio of 18.56 and has an RSI of 38.18. Free in depth research on OII is available at:
http://www.Investor-Edge.com/OII-12Aug2014
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