The shale oil revolution has meant that U.S. could become energy independent in the next decade. In fact, the International Energy Agency last year said that U.S.s oil output could surpass Saudi Arabias in the next decade. The shale oil revolution will not only benefit oil and gas companies and the U.S. consumers, but also oil and gas equipment & services companies Halliburton Company (NYSE:HAL), Weatherford International Ltd. (NYSE:WFT) and National-Oilwell Varco Inc. (NYSE:NOV). Street-Wire.com has just added HAL, WFT and NOV this morning to their Daily Rating Watch List. Rating can mean a number of things for investors and we encourage all shareholders to sign up to speak to a member of our research team today at
Investors Bullish on Halliburton
Halliburton has been one the best performing stock so far this year. Year-to-date, shares of the Houston, Texas-based company have gained nearly 19%, easily outperforming the broad market. On Friday, Halliburton shares rose to a 52-week high of $41.35 before finishing the day 1.05% higher at $41.26 on volume of 8 million. HAL has come under our radar and we have issued a new rating for this equity. Sign up for free below to find out more.
Halliburton shares also broke through $41 resistance level on Friday. The stock currently has strong support at $40.
Late last month, Halliburton had reported income from continuing operations of $589 million, or $0.63 per share, compared to $608 million, or $0.65 per share, reported for the same period in the previous year. Revenue for the quarter was $7.3 billion, compared to $7.1 billion reported for the same period in the previous year.
Weatherford Shares also Surge
Weatherford International shares have also had an excellent run so far this year. Year-to-date, Weatherford International shares are also up nearly 19%. WFT has met 8 out of 10 characteristics we look for when rating an equity. Sign up for free below to find out more.
In the previous trading session on Friday, shares of the Zug, Switzerland-based company gained 2.07% to finish the day at $13.30, with volume at 5.47 million. Weatherford shares are currently facing stiff resistance at around $13.50. It is currently trading well above its 50-day and 200-day moving averages, which is a strong bullish signal.
Weatherford will release its fourth quarter financial results later this month.
National Oilwell Varcos Q4 Earnings Rise 16%
Earlier this month, National Oilwell Varco reported fourth quarter net income of $668 million, or $1.56 per share, representing an increase of 16% over the same period in the previous year. Revenue for the quarter was $5.69 billion. NOV has met 8 out of 10 characteristics we look for when rating an equity. Sign up for free below to find out more.
National Oilwell shares have underperformed the broad market this year, gaining 1.07%, year-to-date. On Friday, the stock had finished 1.44% higher at $69.08 on above average volume of 4.47 million.
A strong bullish trend will be established if the stock moves above its 50-day and 200-day moving averages. National Oilwell shares could face resistance at around $70.
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Anthony K. Merchant