NEW YORK, November 28, 2017 /PRNewswire/ —
In keeping with the commitment to dynamically provide members with timely information WallStEquities.com has issued free tailored Stock Review on AROC, BAS, HAL, and HOS which is a click away at http://www.wallstequities.com/registration . Pre-market today, WallStEquities.com recalls the most recent performance of these four Oil and Gas Equipment and Services companies: Archrock Inc. (NYSE: AROC), Basic Energy Services Inc. (NYSE: BAS), Halliburton Co. (NYSE: HAL), and Hornbeck Offshore Services Inc. (NYSE: HOS). According to the report by Zion Market Research, the global Oilfield Services market is expected to reach $127.31 billion by 2022, growing at a CAGR of 3.8% between 2017 and 2022 on account of increasing consumption of oil and gas resources. See what Wall St. Equities’ research desk has to say about these stocks, join our members and enjoy of your free research reports at:
On Monday, shares in Houston, Texas headquartered Archrock Inc. saw a drop of 3.61%, ending the day at $9.35. The stock recorded a trading volume of 497,672 shares, which was above its three months average volume of 478,980 shares. The Company’s shares are trading below their 50-day moving average by 18.91%. Moreover, shares of Archrock, which provides natural gas contract compression services to customers in the oil and natural gas industry in the US, have a Relative Strength Index (RSI) of 28.02.
On November 02nd, 2017, Archrock reported Q3 2017 results. Net loss for Q3 2017 was $12.7 million, adjusted EBITDA was $62.4 million, and contract operations revenue was $153.5 million. Aftermarket services revenue for the quarter was $44.3 million; SG&A expenses were $29.1 million; and cash available for dividend was $7.5 million. Looking for insightful coverage on AROC sign up for free at:
Basic Energy Services
Shares in Fort Worth, Texas headquartered Basic Energy Services Inc. ended the day 2.34% lower at $20.83 with a total trading volume of 328,929 shares. In the last month and the previous three months, the stock has surged 25.48% and 42.38%, respectively. The Company’s shares are trading above their 50-day moving average by 9.57%. 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 53.44.
On November 02nd, 2017, Basic Energy Services announced its results for the quarter ended September 30th, 2017. Revenue for Q3 2017 increased to $233.5 million,