Stock Review for Oil & Gas Investors -- Emerge Energy Services, Flotek Industries, Forum Energy Technologies, and Keane
NEW YORK, March 6, 2018 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on EMES, FTK, FET, and FRAC which can be accessed for free by signing up to www.wallstequities.com/registration. For today, WallStEquities.com scans Emerge Energy Services L.P. (NYSE: EMES), Flotek Industries Inc. (NYSE: FTK), Forum Energy Technologies Inc. (NYSE: FET), and Keane Group Inc. (NYSE: FRAC). The Oilfield Equipment and Services space represents a globally-wide and lucrative market for upstream equipment, components, other supplies, and professional services to companies that specialize in oil and gas exploration and production. All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration
Emerge Energy Services
On Monday, shares in Fort Worth, Texas headquartered Emerge Energy Services L.P. recorded a trading volume of 463,397 shares. The stock ended the day at $7.11, declining slightly by 0.28% from the last trading session. The Company's shares are trading below their 50-day moving average by 12.23%. Furthermore, shares of the Company, which through its subsidiary, Superior Silica Sands LLC, operates an energy services company in the US, have a Relative Strength Index (RSI) of 42.58.
On February 26th, 2018, Emerge Energy Services announced its Q4 and full-year 2017 results. For Q4 2017, net income was $5.6 million, and adjusted EBITDA for continuing operations was $18.6 million. For the full year 2017, net loss was $(6.8) million, and adjusted EBITDA for continuing operations was $45.0 million. For the three months ended December 31st, 2017, capital expenditures totaled $2.0 million.
On February 28th, 2018, research firm B. Riley FBR, Inc. reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $9 a share to $10 a share. Get the full research report on EMES for free by clicking below at: www.wallstequities.com/registration/?symbol=EMES
Flotek Industries
Houston, Texas headquartered Flotek Industries Inc.'s stock rose 2.56%, finishing yesterday's session at $6.42 with a total trading volume of 696,674 shares. The Company's shares have gained 16.30% in the last month and 36.02% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 17.12% and 2.69%, respectively. Additionally, shares of Flotek Industries, which develops and supplies chemistry and services to the oil and gas industries in the US and internationally, have an RSI of 65.28.
On February 20th, 2018, Flotek Industries announced its results for the three and twelve months ended December 31st, 2017. For Q4 2017, revenue was $72.5 million, loss from continuing operations was ($7.8) million, and EBITDA was $5.3 million. For the full year 2017, revenue was $317.1 million, loss from continuing operations was ($13.1) million, and EBITDA was $10.1 million. Get access to our top-rated research, including the free report on FTKat: www.wallstequities.com/registration/?symbol=FTK
Forum Energy Technologies
Shares in Houston, Texas headquartered Forum Energy Technologies Inc. ended the session 5.45% higher at $11.60. The stock recorded a trading volume of 1.34 million shares, which was above its three months average volume of 1.29 million shares. The Company's shares are trading 19.75% below their 200-day moving average. Moreover, shares of the Company, which designs, manufactures, and distributes products to the oil and natural gas industry in the US and internationally, have an RSI of 37.07.
On February 13th, 2018, research firm Jefferies upgraded the Company's stock rating from 'Hold' to 'Buy'.
On February 21st, 2018, Forum Energy Technologies announced that, as part of its continued succession planning process, the Company has appointed Pablo G. Mercado to serve as Senior Vice President and CFO, effective March 01st, 2018. James W. Harris, CFO, has been leading the Drilling and Subsea segment since September 2017 and will transition full time to that operating role, serving as Executive Vice President – Drilling and Subsea. Click here to subscribe for a free membership which welcomes you with our report on FETat: www.wallstequities.com/registration/?symbol=FET
Keane Group
At the closing bell on Monday, Houston, Texas-based Keane Group Inc.'s stock climbed 1.85%, finishing at $16.48. A total volume of 1.16 million shares was traded. The Company's shares have gained 10.16% over the previous three months. The stock is trading 6.43% above its 200-day moving average. Additionally, shares of Keane, which provides full-service completions that include hydraulic fracturing, wireline, coiled tubing, and nitrogen units, have an RSI of 57.13.
On February 26th, 2018, Keane Group reported its Q4 and full-year 2017 results. For Q4 2017, revenue totaled $501.5 million, net income totaled $43.9 million, and adjusted EBITDA totaled $93.8 million. For the full year, revenue totaled $1.542 billion, net loss was $(36.1) million, and adjusted EBITDA totaled $214.5 million.
On February 27th, 2018, research firm Evercore ISI initiated an 'Outperform' rating on the Company's stock. To get free access to your research report on FRAC, sign upat: www.wallstequities.com/registration/?symbol=FRAC
Wall St. Equities:
Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
WSE has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit https://wallstequities.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company, we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +21-32-044-483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Wall St. Equities
Share this article