Oil & Gas Stocks New Highs: Schlumberger (NYSE:SLB), Halliburton Company (NYSE:HAL), RPC, Inc. (NYSE:RES), Basic Energy Services (NYSE:BAS)

Speaking at an energy conference recently held at New Orleans the company Chief Executive, Paal Kibsgaard projected tremendous growth and earnings for the company. Schlumberger Limited. (NYSE:SLB) expects earnings to go up as state owned enterprises worldwide focus more on developing oil resources in their respective regions. Schlumberger Limited. (NYSE:SLB) shares after opening at $95.84 moved to $96.43 on last trade day and at the end of the day closed at $95.43. Company price to sales ratio in past twelve months was calculated as 2.70 and price to cash ratio as 14.98. Schlumberger Limited. (NYSE:SLB) showed a positive weekly performance of 5.61%.

Halliburton Company (NYSE:HAL) CEO David J. Lesar sold 71,000 shares of the stock on the open market in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $59.00, for a total value of $4,189,000.00. Following the completion of the transaction, the chief executive officer now directly owns 600,957 shares of the company’s stock, valued at approximately $35,456,463. Halliburton Company (NYSE:HAL) shares fell -1.30% in last trading session and ended the day on $58.37. HAL return on equity ratio is recorded as 14.80% and its return on assets is 7.60%. Halliburton Company (NYSE:HAL) yearly performance is 47.06%.

RPC (NYSE:RES) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Wednesday, AnalystRatings.Net reports. The firm currently has a $18.60 price target on the stock. Zacks‘s target price points to a potential upside of 2.65% from the company’s current price. RPC, Inc. (NYSE:RES) shares moved down -0.55% in last trading session and was closed at $20.05, while trading in range of $19.86 – $20.47. RPC, Inc. (NYSE:RES) year to date (YTD) performance is 13.02%.

Basic Energy Services (NYSE:BAS) SVP James F. Newman sold 7,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $26.00, for a total value of $201,500.00. Following the sale, the senior vice president now directly owns 135,600 shares in the company, valued at approximately $3,525,600. Basic Energy Services, Inc. (NYSE:BAS) weekly performance is 1.10%. On last trading day company shares ended up $25.75. Basic Energy Services, Inc. (NYSE:BAS) distance from 50-day simple moving average (SMA50) is 24.84%. Analysts mean target price for the company is $23.31.

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