Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • ROOMS:

Oil & Gas Stocks Under Review -- Weatherford, Halliburton, Schlumberger, and Basic Energy Services

NEW YORK, October 19, 2016 /PRNewswire/ --

This morning, redirects investors' attention to Weatherford International PLC (NYSE: WFT), Halliburton Co. (NYSE: HAL), Schlumberger Ltd (NYSE: SLB), and Basic Energy Services Inc. (NYSE: BAS) from the Oil and Gas Equipment and Services industry to see how these stocks have fared at the closing bell on October 18, 2016. According to an article on MarketWatch, oil futures settled higher on Tuesday, with prices in New York reclaiming the $50-a-barrel level after posting losses over the past two trading sessions. Learn more about these stocks by downloading their free research reports in PDF format at:


Switzerland headquartered Weatherford International PLC's shares rose 0.85% and finished Tuesday's trading session at $5.91. A total volume of 11.06 million shares was traded. In the last one month, the stock has advanced 5.91%. The Company's shares are trading above their 50-day moving average by 3.14%. Moreover, shares of Weatherford International, which together with its subsidiaries, operates as a multinational oilfield service company worldwide, have a Relative Strength Index (RSI) of 51.80.

On October 05th, 2016, Weatherford International announced that as of September 30th, 2016, Dr. Mario Ruscev has officially begun to serve as Executive Vice President, Product Lines and Chief Technology Officer for Weatherford International PLC, reporting directly to Bernard J. Duroc-Danner, Chairman of the Board, President and Chief Executive Officer. Sign up and read the free research report on WFT at:


On Tuesday, shares in Texas-based Halliburton Co. recorded a trading volume of 9.82 million shares, which was above their three months average volume of 7.72 million shares. The stock ended the session 1.62% higher at $47.07. The Company's shares have gained 14.03% in the last one month, 6.75% in the previous three months, and 40.21% on an YTD basis. The stock is trading 6.99% above its 50-day moving average and 19.51% above its 200-day moving average. Furthermore, shares of Halliburton, which provides a range of services and products to the upstream oil and natural gas industry worldwide, have an RSI of 61.78.

On October 13th, 2016, Halliburton and U.S. Silica Holdings, Inc. announced the companies have moved a record breaking unit train carrying nearly 19,000 tons of U.S. Silica White® frac sand from Ottawa, Ill., to Elmendorf, Texas. The train, the largest frac sand unit of its kind shipped to date in North America, arrived via the BNSF railroad. Unit trains reduce transit time from mine to transload facility.

On October 14th, 2016, research firm FBR & Co. reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $53 a share to $58 a share. The complimentary research report on HAL can be downloaded at:


Shares in Texas-based Schlumberger Ltd closed the day at $81.39, up 0.51%. The stock recorded a trading volume of 3.96 million shares. The Company's shares have gained 7.15% in the last one month, 1.62% over the previous three months, and 19.06% since the start of this year. The stock is trading 2.45% above its 50-day moving average and 8.34% above its 200-day moving average. Additionally, shares of Schlumberger, which supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industry worldwide, have an RSI of 58.07.

On October 05th, 2016, The Subsea Services Alliance, a contractual collaboration between Helix Energy Solutions Group, Inc. and Schlumberger, announced the launch of the development of the first Riserless Open-water Abandonment Module (ROAM). The 18¾-in. large bore system will enhance well abandonment capacity from a well intervention vessel by allowing tubing to be pulled in open water in a safe and environmentally contained manner. The ROAM system will be engineered and built at the OneSubsea manufacturing facility in Aberdeen. The system, which will complement existing intervention riser systems and subsea intervention lubricators, is expected to be available to customers in Q3 2017. Register for free on and access the latest report on SLB at:

Basic Energy Services

At the closing bell yesterday, shares in Texas headquartered Basic Energy Services Inc. ended 3.28% higher at $0.71 and with a total volume of 1.96 million shares. The stock has advanced 16.82% in the last one month. The Company's shares are trading above their 50-day moving average by 14.82%. Furthermore, shares of Basic Energy Services, which provides well site services to oil and natural gas drilling and producing companies in the US, have an RSI of 53.24.

On October 18th, 2016, Basic Energy Services announced that it has successfully obtained an extension of its temporary waiver from Basic's secured asset-based revolver lenders. Basic Energy has now received an additional seven-day extension of the temporary waiver, through October 24th, 2016, subject to certain terms and conditions. Get free access to your research report on BAS at:


Stock Callers: 

Stock Callers (SC) 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. SC 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. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 


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 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 SC. SC 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.


SC, 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. SC, 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, SC, 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. 


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 SC 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

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:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.