Baker Hughes Incorporated (NYSE:BHI), and Aker Solutions ASA (OSE:AKSO) have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for subsea fields. Baker Hughes Incorporated (NYSE:BHI), shares after opening at $70.49 moved to $70.82 on last trade day and at the end of the day closed at $70.19. Company price to sales ratio in past twelve months was calculated as 1.34 and price to cash ratio as 25.51. Baker Hughes Incorporated (NYSE:BHI), showed a positive weekly performance of 8.87%.
Key Energy Services, Inc. (NYSE:KEG), has been in a strong up move right from the time it hit the intra-day low of $7.96 in the beginning of March. The stock has formed an upward sloping wedge on the daily charts and has tested the lower end of the wedge a couple of times in the past. The strong move that we saw yesterday was on the bases of strong volumes which confirm to us that the stock would head higher and test the upper end of the wedge in the near future. Key Energy Services, Inc. (NYSE:KEG), shares advanced 2.41% in last trading session and ended the day on $10.20. Key Energy Services, Inc. (NYSE:KEG), return on equity ratio is recorded as -1.70% and its return on assets is -0.80%. Key Energy Services, Inc. (NYSE:KEG), yearly performance is 50.66%.
On Thursday, April 24, 2014, Superior Energy Services, Inc. (NYSE:SPN), will be releasing its Q1 FY 2014 earnings report after the market closes. The company reported earnings of $0.40 a share in the year-ago same quarter. In the previous quarter, the company recorded earnings of $0.30 a share, slightly below the market expectation of $0.31 a share. Analysts at Wall Street have projected an EPS of $0.21 for the reporting quarter. As of Monday, April 21, 2014, Superior Energy Services Inc.’s P/E ratio was at 20.96. Superior Energy Services, Inc. (NYSE:SPN), shares moved down 0.43% in last trading session and was closed at $32.55, while trading in range of $ 32.07 – 32.91. Superior Energy Services, Inc. (NYSE:SPN), year to date (YTD) performance is 22.74%.
Deutsche Bank reiterated their buy rating on shares of Basic Energy Services, Inc (NYSE:BAS), in a research note released on Monday morning, AmericanBankingNews.com reports. They currently have a $32.00 target price on the stock. Basic Energy Services, Inc (NYSE:BAS), weekly performance is 6.15%. On last trading day company shares ended up $29.17. Basic Energy Services, Inc (NYSE:BAS), distance from 50-day simple moving average (SMA50) is 19.93%. Analysts mean target Price for the company is $22.71.
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