Technical Snapshots for These Oil & Gas Stocks -- Andeavor Logistics, Baker Hughes, Oceaneering Intl., and TETRA Technologies

NEW YORK, Nov. 21, 2017 /PRNewswire/ -- If you want a Stock Review on ANDX, BHGE, OII, or TTI then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. The Oil and Gas Equipment and Services industry is made up of a mature set of companies - the fortunes of which are dependent on the drilling expenditures of oil and natural gas producers. Since demand for such fuels fluctuates with the economy, oilfield services stocks are considered cyclical. Pre-market today, DailyStockTracker.com scans the performance of Andeavor Logistics L.P. (NYSE: ANDX), Baker Hughes, a GE company Class A (NYSE: BHGE), Oceaneering International Inc. (NYSE: OII), and TETRA Technologies Inc. (NYSE: TTI). Access DailyStockTracker.com's complimentary reports for today's stocks line-up at: http://dailystocktracker.com/register/

Andeavor Logistics

Shares in San Antonio, Texas headquartered Andeavor Logistics L.P. climbed 0.56%, ending Monday's trading session at $44.75. The stock recorded a trading volume of 325,928 shares. The Company's shares are trading 5.38% below their 50-day moving average. Moreover, shares of Andeavor Logistics, which owns, operates, develops, and acquires logistics assets related to crude oil and refined products in the US, have a Relative Strength Index (RSI) of 44.17.

On October 30^th, 2017, Andeavor Logistics (ANDX) and Andeavor announced that the former has completed its acquisition of Western Refining Logistics, L.P. in a unit-for-unit transaction and assumption of $280 million of net debt for a total enterprise value of approximately $1.7 billion, based on ANDX's closing unit price of $45.90 on October 30^th, 2017. As a result of this acquisition, ANDX is well positioned to compete and grow organically in the highly attractive Permian Basin, principally in the Delaware basin. Visit us today and access your complete report on ANDX for free at: http://dailystocktracker.com/registration/?symbol=ANDX

Baker Hughes

Houston, Texas headquartered Baker Hughes, a GE company's stock declined 1.52%, closing the day at $30.44. A total volume of 3.93 million shares was traded, which was above their three months average volume of 3.51 million shares. The Company's shares are trading 10.78% below their 50-day moving average. Additionally, shares of Baker Hughes, which provides integrated oilfield products, services, and digital solutions worldwide, have an RSI of 37.80.

On October 25^th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $44 a share to $38 a share.

On November 06^th, 2017, Baker Hughes, a GE company, ("BHGE") announced that its Board of Directors has authorized Baker Hughes, a GE company, LLC ("BHGE LLC") to repurchase up to $3 billion of its common units from BHGE and GE. The Company will use the proceeds from the sale of its BHGE LLC common units to repurchase its Class A shares. In addition, the Company also announced its intention for BHGE LLC to issue new debt. The complimentary research report on BHGE can be accessed at: http://dailystocktracker.com/registration/?symbol=BHGE

Oceaneering International

On Monday, shares in Houston, Texas headquartered Oceaneering International Inc. recorded a trading volume of 1.46 million shares. The stock ended the day 3.14% lower at $18.48. The Company's shares are trading below their 50-day moving average by 22.11%. Furthermore, 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 26.90.

On October 25^th, 2017, Oceaneering International reported its results for the three months ended September 30^th, 2017. Net loss for Q3 2017 was $1.8 million, revenue was $476.1 million, and income from operations was $10.5 million. Gross margin for the quarter was $54.9 million, and diluted earnings per share were $(0.02).

On November 16^th, 2017, research firm CapitalOne downgraded the Company's stock rating from 'Overweight' to 'Equal Weight'. Register for free on DailyStockTracker.com and download the research report on OII at: http://dailystocktracker.com/registration/?symbol=OII

TETRA Technologies

The Woodlands, Texas headquartered TETRA Technologies Inc.'s stock gained 3.50%, finishing yesterday's session at $3.84. A total volume of 1.94 million shares was traded, which was above their three months average volume of 1.17 million shares. The Company's shares have surged 46.01% in the last one month and 100.00% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 35.62% and 21.07%, respectively. Additionally, shares of TETRA Technologies, which together with its subsidiaries, operates as a diversified oil and gas services company, have an RSI of 78.22.

On November 09^th, 2017, TETRA Technologies announced Q3 2017 results. Revenue for Q3 2017 was $216.4 million, net income was $3.1 million, consolidated net cash provided by operating activities was $37.4 million, and adjusted EBITDA was $45.1 million. Company-only adjusted free cash flow for the quarter was $17.8 million, consolidated debt was $624 million, Company-only debt was $117 million, and Company-only cash on hand was $13.5 million. Get free access to your research report on TTI at: http://dailystocktracker.com/registration/?symbol=TTI

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