StockCall.com Provides Stock Research on Baker Hughes Inc., Cameron International Corp., Precision Drilling Corp., RPC Inc., and Oil States International Inc.
New York City, New York -- (May 31, 2013)
In a recent report on the worldwide oil market, the International Energy Agency (IEA) said that the sharp rise in North American oil production, mainly due to the shale boom, has created a supply shock in the global oil market. The IEA also noted that the shale revolution has prompted several oil companies to re-think their global investment strategy. The U.S. oil & gas equipment & services industry is expected to benefit as more and more companies invest in oil and gas projects in North America. Shares in oil & gas equipment & services providers ended on a mixed note on Thursday, May 30, 2013, even as the broad market posted gains on hopes that the Federal Reserve will continue with its aggressive bond buying program following some weak economic data. The major movers in the sector included Baker Hughes Incorporated (NYSE: BHI), Cameron International Corporation (NYSE: CAM), Precision Drilling Corp. (USA) (NYSE: PDS), RPC Inc. (NYSE: RES), and Oil States International Inc. (NYSE: OIS).StockCall has taken an interest in these companies and you can now sign up to download the free technical research on BHI, CAM, PDS, RES, and OIS at
Shares in Baker Hughes Incorporated fell sharply on Thursday even as the broader market moved higher. The company’s shares hit an intraday low of $45.86 before finishing the day 1.92% lower at $46.50. A total of 4.81 million shares were traded which is above its daily average volume of 3.43 million. However, despite the sharp decline yesterday, the stock is still up nearly 14.60% so far this year.Sign up today to read the free research report on BHI at
Cameron International Corporation’s stock also struggled in its last session, closing 0.46% lower at $62.88 after trading between $62.21 and $63.18. A total of 1.18 million shares were exchanged which is below the daily average volume of 2.04 million. The company’s shares are still up nearly 0.40% for this week. So far this year, the stock has grown nearly 11.40% to trade 6.73% below its 52-week high.Register to download the free technical analysis on CAM at
Shares in Precision Drilling Corp. rose sharply on Thursday, extending their gains for the week. The company’s shares hit an intraday high of $8.70 before finishing the day 3.11% higher at $8.63. The company saw volume of 876,247 which is lower than its daily average volume of 945,606. Shares of PDS have gained nearly 4% so far this week. The stock has moved above its 50-and 200-day moving averages as a result of its recent growth.Free report on PDS can be accessed by registering at
RPC Inc.’s stock slipped yesterday, extending its losses for the week. The company’s shares traded between $12.77 and $13.19 before finishing the day 1.68% lower at $12.91. A total of 1.04 million shares were traded, beating the daily average volume of 933,879. Shares of RES have fallen nearly 3% in the last three sessions. However, despite the recent losses, the stock is still up nearly 7% so far in 2013.Register withStockCall and download the research on RES for free at
Shares in Oil States International Inc. ended slightly lower on Thursday. The stock closed 0.30% lower at $98.85 after trading between $97.87 and $99.46. A total of 511,779 shares were traded which is below the daily average volume of 1.58 million. So far this year, the company’s shares have gained over 38.10%, outperforming the S&P 500.Read the full free research on OIS by signing up to StockCall at
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William T. Knight
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