Stock Review for Oil and Gas Investors — Basic Energy Services, MRC Global, National Oilwell Varco, and Newpark Resources

March 21, 2018 | By forimmediaterele | Filed in: Press Releases.

Travel & Tourism Industry release:

NEW YORK, March 21, 2018 /PRNewswire/ — WallStEquities.com strives to bring the best free research to the investment community.  Today we are offering reports on BAS, MRC, NOV, and NR which can be accessed for free by signing up to www.wallstequities.com/registration. Research reports have been issued by WallStEquities.com on Basic Energy Services Inc. (NYSE: BAS), MRC Global Inc. (NYSE: MRC), National Oilwell Varco Inc. (NYSE: NOV), and Newpark Resources Inc. (NYSE: NR). Oil and Gas Equipment and Services companies may not be directly exposed to commodity prices, but they are indirectly affected by them. Because the producer makes many of its capital allocation decisions based on the price of oil and gas, the price of oil can have an impact on the prospects of the industry. All you have to do is sign up today for this free limited time offer by clicking the link below.

www.wallstequities.com/registration

Basic Energy Services

On Tuesday, shares in Fort Worth, Texas headquartered Basic Energy Services Inc. recorded a trading volume of 659,879 shares, which was higher than their three months average volume of 471,260 shares. The stock ended the day at $14.91, declining 3.50% from the last trading session. The Company’s shares are trading below their 50-day moving average by 24.58%. Furthermore, shares of the Company, which provides well site services to oil and natural gas drilling and producing companies in the US, have a Relative Strength Index (RSI) of 30.39.  

On March 07th, 2018, Basic Energy Services announced that it has decided not to proceed with the previously announced offering of $300 million of senior secured notes. The Company approached the market as an opportunistic means to refinance its existing indebtedness under the Amended and Restated Term Loan Agreement for $165 million due in 2021; however, it has concluded that current rate and structure available in the market lacked the flexibility to be sufficiently attractive for it to move forward. Get the full research report on BAS for free by clicking below at:

www.wallstequities.com/registration/?symbol=BAS

MRC Global

Houston, Texas headquartered MRC Global Inc.’s stock saw a slight decline of 0.97%, finishing yesterday’s session at $17.39 with a total trading volume of 509,638 shares. The Company’s shares have gained 3.95% in the last month and 8.82% over the previous three months. The stock is trading above its 200-day moving average by 3.39%. Additionally, shares of MRC Global, which through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the US, Canada, and internationally, have an RSI of 47.07.

On March 08th, 2018, MRC Global announced that it will release its Q1 2018 results on May 02nd, 2018, after the market closes. In conjunction with the release, the Company will host a conference call on May 03rd, 2018, at 10:00 a.m. ET. The webcast of the conference call may be accessed on the Company’s website. Get access to our top-rated research, including the free report on MRC at:

www.wallstequities.com/registration/?symbol=MRC

National Oilwell Varco

Shares in Houston, Texas-based National Oilwell Varco Inc. ended the session 1.15% higher at $36.79. The stock recorded a trading volume of 1.86 million shares. The Company’s shares have gained 3.31% in the last month and 11.28% over the previous three months. The stock is trading 0.68% above its 50-day moving average and 7.91% above its 200-day moving average. Moreover, shares of the Company have an RSI of 51.80.  

On February 23rd, 2018, National Oilwell Varco announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on March 30th, 2018, to each stockholder of record on March 16th, 2018. Click here to subscribe for a free membership which welcomes you with our report on NOV at:

www.wallstequities.com/registration/?symbol=NOV

Newpark Resources

On Tuesday, Texas– based Newpark Resources Inc.’s stock rose slightly by 0.58%, finishing at $8.65. A total volume of 246,177 shares was traded. The Company’s shares have gained 1.76% in the last month, 3.59% over the previous three months, and 18.49% over the past year. The stock is trading 1.48% above its 200-day moving average. Additionally, shares of Newpark Resources have an RSI of 47.85. 

On February 27th, 2018, Newpark Resources announced that in accordance with the Company’s retirement policy, David C. Anderson, Chairman of the Board, will retire following the Annual Meeting of Stockholders on May 17th, 2018 after 12 years of service.  

On March 05th, 2018, research firm Johnson Rice upgraded the Company’s stock rating from ‘Hold’ to ‘Buy’. To get free access to your research report on NR, sign up at:

www.wallstequities.com/registration/?symbol=NR

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