National Oilwell Varco, Inc. (NOV) had a light trading with around 3.46M shares changing hands compared to its three month average trading volume of 3.71M. The stock traded between $36.82 and $37.51 before closing at the price of $37.42 with -0.66% change on the day. The Houston Texas 77036 based company is currently trading 48.17% above its 52 week low of $25.74 and -14.23% below its 52 week high of $43.63. Both the RSI indicator and target price of 46.07 and $34.45 respectively, lead us to believe that it should be put on hold over the coming weeks.
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.
TEGNA Inc. (TGNA) continued its downward trend with the stock declining -0.37% or $-0.08 to close the day at $21.27 on active trading volume of 3.45M shares, compared to its three month average trading volume of 2.11M. The McLean Virginia 22107 based company has been underperforming the broadcasting – tv group over the past 52 weeks, with the stock losing -6%, compared to the industry which has advanced 10.83% over the same period. With RSI of 37.56, the stock should still continue to rise and get closer to its one year target estimate of $25.5, making it a hold for now.
TEGNA Inc. engages in media and digital businesses in the United States. The company operates in two segments, Media and Digital. It operates 46 television stations that produce local programming, such as news, sports, and entertainment. The company also operates Cars.com, an online destination for automotive consumers that offers information about car shopping, selling, and servicing; CareerBuilder, which provides human capital solutions, such as employment data and labor market analysis software, talent management software, and other advertising and recruitment solutions; G/O Digital that provides digital marketing services for local businesses; and Cofactor, a digital marketing company that enable brands to deliver content. In addition, it offers advertising and marketing solutions. The company serves approximately 90 million customers through its broadcast and digital media platforms. The company was formerly known as Gannett Co., Inc. and changed its name to TEGNA Inc. in June 2015. TEGNA Inc. was founded in 1906 and is headquartered in McLean, Virginia.
The Southern Company (SO) shares were down in last trading by -0.14% to $49.62. It experienced lighter than average volume on day. The stock increased in value by almost 2.56% over the past week and grew 2.39% in the past month. It is currently trading 2.54% above its 50 day moving average and -0.39% below its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -7.14% decrease in value from its one year high of $54.64. The RSI indicator value of 60.14, lead us to believe that it is a hold for now.
The Southern Company, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi. The company also constructs, acquires, owns, and manages generation assets, including renewable energy projects. As of December 31, 2015, it operated 33 hydroelectric generating stations, 31 fossil fuel generating stations, 3 nuclear generating stations, 13 combined cycle/cogeneration stations, 16 solar facilities, 1 wind facility, 1 biomass facility, and 1 landfill gas facility. The company also provides digital wireless communications services with various communication options, including push to talk, cellular service, text messaging, wireless Internet access, and wireless data; and wholesale fiber optic solutions to telecommunication providers in the Southeast. The Southern Company was founded in 1945 and is headquartered in Atlanta, Georgia.