New York, NY -- (SBWIRE) -- 03/19/2013 -- StockRunway.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
StockRunway.com issues special report on the Bearish Oil Well Services & Equipment Stocks – Helmerich & Payne, Inc. (NYSE:HP), Basic Energy Services, Inc (NYSE:BAS), Nabors Industries Ltd.(NYSE:NBR)
Helmerich & Payne, Inc. (NYSE:HP) frightened traders after providing comments for the Howard Weil energy confab this week that made stance of Helmerich difficult on pricing for its U.S. land rigs. The driller disclosed that pricing is still strong yet is also "under downward pressure" as rivals are adopting aggressive pricing strategy to regain market share.
Stephens analyst John Keller told Dow Jones that Helmerich's remarks push investors to consider a potentially higher level of risk to forward expectations, particularly when taking into account an overall U.S. land rig count that has remained essentially flat since year end.
Should HP a Buy or Sell Now? Find Out Here
Helmerich& Payne, Inc. (HP) declined -5.52% and closed at $62.60 in the last trading session with the total traded volume of 3.35 million shares. That’s more than the average volume of 1.55 million. HP is now trading below its 50 day moving average of -0.56% and 200 day moving average of +21.13%.
It has outstanding shares of 106.27 million with the total market cap of $6.65billion and its beta value stands at 1.31 times which shows that stock is more volatile.
Basic Energy Services, Inc (NYSE:BAS) fell 4.17% to close at $14.71 and its overall volume in the last trading session was 1.06 million shares, beating the average volume of 1.21 million. The company is scheduled to present at Howard Weil Energy Conference which will begin at 11:45AM EDT on March 20, 2013.
BAS hit the day high price of $15.19 and day low of $14.65. The stock is trading with positive year-to-date performance of +28.92%. It has current ratio of 2.46 and its debt-to-equity ratio is 2.36. The company has total market cap of $614.29 million.
What BAS’s Charts Are Signaling for Traders? Find Out Here
Nabors Industries Ltd.(NYSE:NBR) dropped -4.00% with the closing price of $16.64 after its participation at Howard Weil Energy Conference. The overall volume in the last trading session was 4.50 million shares. Its fifty two week range was $12.40-$21.06. The total market capitalization remained $4.84 billion.
The stock is lagging behind from its 52 week high with -72.17% and its last month price volatility remained 4.97%. Its beta coefficient was 2.07 with a target price of $2.97. In its share capital, the company has 1.23billion outstanding shares while 1.22billion shares have been floated in market.
How Should Investors Trade NBR Now? Don’t Miss out a Special Trend Analysis
Its institutional ownership remained 0.70%. Its current year earnings per share slipped with -2621.19% while the five year EPS growth rate was -5.08%.
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