Small-Cap Downbeat Stocks For 2012 In The Oil & Gas Drilling And Exploration Industry – (KEG, BBG, NOG, TAT, HERO)

  on Aug 10,2012 Posted in Investment Ideas ,Small Cap Ideas
 
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West Texas Intermediate light sweet and Brent North Sea crude to be delivered in September rose as of late, as the U.S. economy topped job forecasts on track to hiring 163,000 workers last month. A rebounding U.S. economy promises well for companies in the industry such as Transocean LTD (NYSE:RIG) and SandRidge Energy Inc. (NYSE:SD), particularly evaluating the state of things in Europe and China.

Several industry players have reported strong financial results, as improved efficiency and higher output have led to better numbers. SandRidge’s second-quarter report was impressive, posting adjusted profit of $36.8 million, considerably higher from the $1.6 million adjusted net loss it faced in the similar period last year. Revenues also rose as Mississippi output advanced by almost 200% year-over-year.

Among decliners, Key Energy Services, Inc (NYSE:KEG) has been one of the worst performers in 2012 with a year-to-date performance of -43.83%. The stock, as of last close, traded 33.28% up from its 52 week low and was 52.20% behind its 52 week high.

Its latest closing price was -32.34% down from the SMA200 while the distance from SMA 50 and SMA 20 was +7.01% and +13.99% respectively. KEG operates as an onshore rig-based well servicing contractor in the United States and internationally.

Another worst performing stock, Bill Barrett Corporation (NYSE:BBG), an independent oil and gas company, engages in the exploration, development, and production of natural gas and crude oil in the United States. Bill Barrett Corporation has a performance down -37.92%. Its price, as of the latest close, was up 37.16% compared with the 52 week low and was 57.21% below the 52 week high.

The stock’s latest closing price was -22.76% down from an average-price of 200 days while it kept its distance from the SMA 50 at +10.03% and +4.78% compared with the SMA 20.

Northern Oil & Gas, Inc (NYSE:NOG) so far this year has moved down -30.86% and its monthly performance stands at +8.94%. The stock was 15.14% up compared with the 52 week low and was 40.79% below the 52 week high. Its latest closing price was -20.87% down from an average-price of 200 days while it kept its distance from the SMA 50 at +2.71% and +6.82% compared with the SMA 20.

NOG, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil.

TransAtlantic Petroleum Ltd (ADR) (NYSE:TAT), an international oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. TransAtlantic Petroleum Ltd has shown a downtrend of -29.77% this year with a monthly performance of -8.91% and 3-month performance down -12.38%. Its latest closing price was -21.02% down from an average-price of 200 days while it maintained a distance from the SMA 50 at -6.67% and -4.51% compared with the SMA 20.

The stock was up 61.40% compared with the 52 week low and was 44.91% above the 52 week high.

Hercules Offshore, Inc.(NASDAQ:HERO) so far this year has moved down -9.01% and its monthly performance stands at +21.69%. The stock was 79.56% up compared with the 52 week low and was 27.47% below the 52 week high. Its latest closing price was -3.69% down from an average-price of 200 days while it kept its distance from the SMA 50 at +16.29% and +11.85% compared with the SMA 20.

HERO together with its subsidiaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide.

 



 

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