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Trader’s Buzzers: National Oilwell Varco, Inc. (NOV), Cimarex Energy Co. (XEC), Plains All American Pipeline, L.P. (PAA)

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National Oilwell Varco, Inc. (NOV) traded within a range of $40.06 to $40.8 after opening the day at $40.56. The company has seen its stock increase in value by 7.48% so far this year. The stock was down close to -0.45% on light volume in last trading session and closed at $40.24 per share. After the recent fall, the stock is currently holding -7.77% below its 52 week high of $43.63 and 51.57% above its 12-month low of $26.56. The shares are up by over 11.82% in the last three months, and the RSI indicator value of 58.41 is neither bullish nor bearish, tempting investors to stay on the sidelines.

National Oilwell Varco, Inc. 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. It operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment; power transmission systems; and rig instrumentation and control systems. The Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies. This segment also provides solids control and waste management equipment and services, drilling fluids, power generation equipment, drill and wired pipes, instruments, measuring and monitoring equipment, downhole and fishing tools, hole openers, and drill bits, as well as drilling optimization and automation, tubular inspection, repair and coating, and rope access inspection services. The Completion and Production Solutions segment offers pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention tools; offshore production comprising composite pipes, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.

Cimarex Energy Co. (XEC) continued its downward trend with the stock declining -0.97% or $-1.3 to close the day at $133.06 on light trading volume of 2.63M shares, compared to its three month average trading volume of 939.80K. The Denver Colorado 80203 based company has been outperforming the independent oil & gas group over the past 52 weeks, with the stock gaining 61.51%, compared to the industry which has advanced 46% over the same period. With RSI of 46.52, the stock should still continue to rise and get closer to its one year target estimate of $157.24, making it a hold for now.

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2015, it had a total proved oil and gas reserves of 2.9 trillion cubic feet equivalent (Tcfe) consisting of 1.5 trillion cubic feet of natural gas, 0.65 Tcfe of oil, and 0.75 Tcfe of natural gas liquids principally located in the Mid-Continent and Permian Basin regions. The company also owned interests in 3,153 net productive oil and gas wells. Cimarex Energy Co. was founded in 2002 and is headquartered in Denver, Colorado.

Plains All American Pipeline, L.P. (PAA) dropped $-0.58 to close the day at a new closing price of $31.33, a -1.82% decrease in value from its previous closing price that moved the stock 96.03% above its 52 week low of $18.5. A total of 2.62M shares exchanged hands during the day compared with its three month average trading volume of 2.55M. The stock, which fluctuated between $31.27 and $32.23 during the day, currently situated -6.12% below its 52 week high. The stock is up by 2.78% in the past one month and up by 2.22% over the past three months. With a one year target estimate of $33.93 and RSI of 48.42, the stock still has upside potential, making it a hold for now.

Plains All American Pipeline, L.P., through with its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), natural gas, and refined products in the United States and Canada. Its Transportation segment transports crude oil and NGL through pipelines, gathering systems, trucks, and barges. As of December 31, 2015, this segment owned and leased 18,100 miles of active crude oil and NGL pipelines and gathering systems; 30 million barrels of active and above-ground tank capacity; 830 trailers; 142 transport and storage barges; and 64 transport tugs. The company’s Facilities segment provides storage, terminalling, and throughput services for crude oil, refined products, NGL, and natural gas; and NGL fractionation and isomerization, and natural gas and condensate processing services. As of December 31, 2015, it owned and operated approximately 80 million barrels of crude oil and refined products storage capacity; 25 million barrels of NGL storage capacity; 97 billion cubic feet of natural gas storage working capacity; 31 billion cubic feet of base gas; 10 natural gas processing plants; 1 condensate processing facility; 7 fractionation plants; 28 crude oil and NGL rail terminals; 6 marine facilities; and 1,100 miles of active pipelines. Its Supply and Logistics segment purchases crude oil at the wellhead, pipeline, terminal, and rail facilities; purchases cargos at load port and various locations in transit; stores inventory, and NGL and natural gas; purchases NGL; resells or exchanges crude oil and NGL; transports crude oil and NGL on trucks, barges, railcars, pipelines, and ocean-going vessels; and purchases and sells natural gas. As of December 31, 2015, it owned 13 million barrels of crude oil and NGL linefill; 5 million barrels of crude oil and NGL linefill; 990 trucks and 1,100 trailers; and 10,100 crude oil and NGL railcars. The company was founded in 1998 and is headquartered in Houston, Texas.

 

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