Oil and Gas Equipment and Services Stocks Technical Review -- C&J Energy Services, Tenaris, McDermott Intl., Key Energy Services, and Superior Energy Services
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LONDON, July 30, 2014 /PRNewswire/ --
On Tuesday, July 29, 2014, the NASDAQ Composite ended at 4,442.70, down 0.05%, the Dow Jones Industrial Average finished the day 0.42% lower at 16,912.11, and the S&P 500 closed at 1,969.95, down 0.45%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Energy Sector Index ended the day at 724.07, down 0.40%, while the index has advanced 5.50% in the last three months. Investor-Edge has initiated coverage on the following equities: C&J Energy Services Inc. (NYSE: CJES), Tenaris S.A. (NYSE: TS), McDermott International Inc. (NYSE: MDR), Key Energy Services Inc. (NYSE: KEG), and Superior Energy Services Inc. (NYSE: SPN). Free research on these five companies can be accessed at:
http://investor-edge.com/register
On Tuesday, shares in C&J Energy Services Inc. traded between $31.70 and $33.26 before ending the session 1.34% higher at $32.58. The company's stock reported a trading volume of 1.12 million shares, above its three months average volume of 0.69 million shares. Shares of the company traded at a PE ratio of 33.31. Over the last three months and since the start of this year, C&J Energy Services Inc.'s shares have surged 7.60% and 41.04%, respectively. However, the stock has lost 1.90% in the previous three trading sessions. The company's shares are trading above its 50-day and 200-day moving averages of $31.98 and $26.89, respectively. Moreover, shares of C&J Energy Services Inc. have a Relative Strength Index (RSI) of 46.47. Sign up and read the free notes on CJES at:
http://www.Investor-Edge.com/CJES-30Jul2014
Tenaris S.A.'s stock edged 0.29% higher, to close the day at $44.63. The company's stock recorded a trading volume of 0.73 million shares, below its three months average volume of 1.08 million shares. The stock oscillated between $44.56 and $45.00 during the session. Tenaris S.A.'s shares have declined 1.35% in the previous three trading sessions and 1.74% in the last three months. However, the stock has gained 2.15% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages. Tenaris S.A.'s 50-day moving average of $45.57 is greater than its 200-day moving average of $44.64. Additionally, the stock has an RSI of 40.86. The complimentary notes on TS can be downloaded as in PDF format at:
http://www.Investor-Edge.com/TS-30Jul2014
On Tuesday, shares in McDermott International Inc. recorded a trading volume of 4.17 million shares, close to its three months average volume of 4.08 million shares. The stock ended the day at $7.60, which was 0.40% above its previous day's closing of $7.57, and registered an intraday range of $7.55 and $7.81. Although McDermott International Inc.'s shares have advanced 7.95% in the previous three months, it has lost 3.18% in the last three trading sessions and 17.03% on YTD basis. The company' stock is trading below its 50-day and 200-day moving averages of $7.66 and $7.84, respectively. Furthermore, shares of the company have an RSI of 44.60. Register for free on Investor-Edge and access the latest research on MDR at:
http://www.Investor-Edge.com/MDR-30Jul2014
Key Energy Services Inc.'s stock declined 1.23%, to close Tuesday's session at $6.41, after oscillating between $6.40 and $6.59. The stock recorded a trading volume of 3.09 million shares, above its three months average volume of 2.74 million shares. Key Energy Services Inc.'s shares have lost 5.74% in the previous three trading sessions, 28.30% in the last one month and 18.86% on YTD basis respectively. The company's shares are trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $8.28 is slightly above its 200-day moving average of $8.27. Further, Key Energy Services Inc.'s shares have an RSI of 20.78. The complete research on KEG is available for free at:
http://www.Investor-Edge.com/KEG-30Jul2014
Superior Energy Services Inc.'s stock finished Tuesday's session 1.23% lower at $34.55. A total of 1.45 million shares were traded, which was close to its three months average volume of 1.53 million shares. The stock moved between $34.55 and $35.17 during the session. Over the last three months and since the beginning of this year, Superior Energy Services Inc.'s shares have surged 6.34% and 29.84%, respectively. However, the stock has declined 3.73% in the previous three trading sessions. The company is trading above its 200-day moving average of $29.51, while the 200-day moving average is below Superior Energy Services Inc.'s 50-day moving average of $35.00. The stock traded at a PE ratio of 53.88 and has an RSI of 44.82. Free in depth research on SPN is available at:
http://www.Investor-Edge.com/SPN-30Jul2014
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