NEW YORK, October 14, 2016 /PRNewswire/ --
Oil prices steadied on Thursday, as a U.S. government report of larger-than-expected draws in diesel and gasoline helped
prices rebound from losses. Today, Stock-Callers.com looks at four Oil and Gas Equipment and Services equities to see how they
have fared at the close: Synergy Resources Corp. (NYSE MKT: SYRG), National Oilwell Varco Inc. (NYSE: NOV), Emerge Energy
Services L.P. (NYSE: EMES), and Tesoro Logistics L.P. (NYSE: TLLP). Sign up today and download for free the research reports for
the stocks covered today at:
http://stock-callers.com/registration
Synergy Resources
Denver, Colorado-based Synergy Resources Corp.'s stock finished Thursday's session at
$7.13, declining 0.83%. A total volume of 3.98 million shares was traded. Over the last month and
the previous three months, the Company's shares have gained 13.90% and 9.69%, respectively. The stock is trading above its 50-day
and 200-day moving averages by 6.78% and 5.90%, respectively. Moreover, shares of Synergy Resources, which engages in the
acquisition, development, exploitation, exploration, and production of oil and natural gas properties primarily located in the
Denver-Julesburg Basin in Colorado, have a Relative Strength Index (RSI) of 56.29.
On September 06th, 2016, Synergy Resources issued its preliminary FY17 production and
capex guidance. For FY17, the company expects Daily Production in the range of 17,500 - 20,000. Synergy Resources projects
Drilling & Completion Costs ($MM) in the band of $260 - $300 and Lease Operating Expense
(LOE/BOE) to come between $5.00- $5.50.
On September 27th, 2016, research firm RBC Capital Markets initiated an 'Outperform'
rating on the Company's stock, issuing a target price of $9 per share. SYRG complete research
report is just a click away at:
http://stock-callers.com/registration/?symbol=SYRG
National Oilwell Varco
On Thursday, Houston, Texas headquartered National Oilwell Varco Inc.'s stock rose 0.58%, to
close the day at $36.29. A total volume of 3.20 million shares was traded. The Company's shares
have advanced 12.32% in the last one month, 7.72% in the previous three months, and 10.29% on an YTD basis. The stock is trading
5.17% above its 50-day moving average and 12.90% above its 200-day moving average. Additionally, shares of National Oilwell
Varco, which designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production
operations; and provides oilfield services to the upstream oil and gas industry worldwide, have an RSI of 54.87.
On October 03rd, 2016, research firm Citigroup downgraded the Company's stock rating
from 'Neutral' to 'Sell'. The complimentary report on NOV can be downloaded at:
http://stock-callers.com/registration/?symbol=NOV
Emerge Energy Services
Shares in Southlake, Texas-based Emerge Energy Services L.P. ended yesterday's session 3.40%,
lower at $12.51 with a total trading volume of 214,962 shares. The stock has gained 12.60% in the
previous three months and 170.19% on an YTD basis. The Company's shares are trading 3.36% above their 50-day moving average and
67.48% above their 200-day moving average. Moreover, shares of Emerge Energy Services, which acquires, owns, operates, and
develops a portfolio of energy service assets in the US, have an RSI of 48.67.
On August 31st, 2016, Emerge Energy Services announced that it has completed the
previously announced sale of Emerge's fuels business to Sunoco L.P. The Fuels Business is comprised of Arlington-based Direct Fuels LLC and Birmingham-based Allied Energy Company
LLC. The aggregate purchase price was $167.7 million, subject to post-closing working capital
adjustments. Emerge Energy applied the proceeds of the sale to reduce its outstanding debt.
On September 29th, 2016, research firm Wunderlich upgraded the Company's stock rating
from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $12 to
$15. Sign up for your complimentary report on EMES at:
http://stock-callers.com/registration/?symbol=EMES
Tesoro Logistics
At the closing bell, shares in San Antonio, Texas-based Tesoro Logistics L.P. ended 0.51%,
lower at $46.40. A total volume of 418,250 shares was traded, which was above their three months
average volume of 388,560 shares. The stock has gained 1.98% in the last one month. The Company's shares are trading above their
200-day moving average by 2.50%. Furthermore, shares of Tesoro Logistics, which owns, operates, develops, and acquires logistics
assets related to crude oil and refined products in the US, have an RSI of 44.02.
On September 30th, 2016, research firm Mizuho initiated a 'Buy' rating on the
Company's stock, issuing a target price of $58 per share.
On October 03rd, 2016, Tesoro announced that it has entered into a new senior secured
revolving credit agreement with a group of banks led by JPMorgan Chase Bank. The new $2.0 billion,
four-year cash flow credit facility replaces Tesoro's previous $3.0 billion asset based credit
facility, which was scheduled to mature in November 2019. The new facility is not subject to
borrowing base redeterminations, which might otherwise reduce credit availability. Download the research report for free on TLLP
at:
http://stock-callers.com/registration/?symbol=TLLP
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