Research Report Initiated on Select Oil & Gas Equipment & Services Equities

LONDON, UK / ACCESSWIRE / June 14, 2016 / ActiveWallSt.com announces the list of stocks for today’s research coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Oil & Gas Equipment & Services industry. Companies recently under review include Weatherford Intl., Halliburton, Schlumberger, and National Oilwell Varco. Register with us now for your free membership and see our complete reports on these equities at:

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The Oil and Gas Equipment and Services space has seen some improvements in its overall performance in the past weeks. Let us see how this is impacting some of the big names in the industry. Sign up for your free subscription today and access the complimentary research reports on these equities at:

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ActiveWallSt.com takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Weatherford International PLC (NYSE: WFT)

Baar, Switzerland headquartered Weatherford International PLC’s stock saw a slight correction of 0.15% and finished Monday’s trading session at $6.57. A total volume of 23.41 million shares was traded, which was higher than their three months average volume of 19.73 million shares. In the last one month, the stock has advanced 12.89%. The Company’s shares are trading below their 50-day moving average by 1.61%. Moreover, shares of Weatherford International, which together with its subsidiaries, operates as a multinational oilfield service company globally, have a Relative Strength Index (RSI) of 56.93. On June 06th, 2016, research firm Barclays upgraded the Company’s stock rating from ‘Equal Weight’ to ‘Overweight’. The research firm also revised upwards its previous target price from $7 to $8.

Halliburton Co. (NYSE: HAL)

On Monday, shares in Houston, Texas-based Halliburton Co., which provides a range of services and products to the upstream oil and natural gas industry globally, recorded a trading volume of 8.50 million shares, and ended the session 0.23% lower at $44.28. The stock has gained 11.03% in the last one month, 25.26% in the previous three months, and 31.35% on an YTD basis. The Company’s shares are trading 10.23% above their 50-day moving average and 21.58% above their 200-day moving average. Furthermore, shares of Halliburton have an RSI of 62.56. On May 19th, 2016, research firm Griffin Securities upgraded the Company’s stock rating from ‘Neutral’ to ‘Buy’.

Schlumberger Ltd (NYSE: SLB)

Shares in Paris, France-based Schlumberger Ltd, which supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industry globally, closed the day at $77.64, down 1.13%. The stock recorded a trading volume of 5.11 million shares. The Company’s shares have gained 5.47% in the last one month, 6.40% over the previous three months, and 12.85% since the start of this year. The stock is trading 2.12% above its 50-day moving average and 6.67% above its 200-day moving average. Additionally, shares of Schlumberger have an RSI of 53.16.

National Oilwell Varco Inc. (NYSE: NOV)

At the closing bell yesterday, shares in Houston, Texas headquartered National Oilwell Varco Inc. , which designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production operations, ended 1.26% lower at $34.59 and with a total volume of 3.38 million shares traded. The stock has advanced 8.41% in the last one month, 3.58% in the previous three months, and 4.96% on an YTD basis. The Company’s shares are trading slightly above their 50-day and 200-day moving averages by 9.82% and 3.51%, respectively. Furthermore, shares of National Oilwell Varco, which also provides oilfield services to the upstream oil and gas industry globally, have an RSI of 57.98.

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