Apache Corporation (APA) climbed 0.17% during last trading as the stock added $0.11 to finish the day at $66.5 with about 2.86M shares changing hands, compared to its three month average trading volume of 4.36M. The $25.24B market cap company, which fluctuated between $66.11 and $67.4 during the day, currently situated 109.24% above its 52 week low of $32.2 and -1.86% away from its one year high of $67.76. The RSI of 62.92 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, the Texas Panhandle, and Gulf Coast areas of the United States, as well as in Western Canada and Gulf of Mexico. The company also operates assets in Egypt and the United Kingdom in the North Sea. As of December 31, 2015, it had total estimated proved reserves of 794 million barrels of crude oil, 198 million barrels of natural gas liquids, and 3.4 trillion cubic feet of natural gas. Apache Corporation was founded in 1954 and is based in Houston, Texas.
Public Service Enterprise Group Incorporated (PEG) gained $0.58 to close the day at a new closing price of $42.25, a 1.39% increase in value from its previous closing price that moved the stock 18.05% above its 52 week low of $36.8. A total of 2.85M shares exchanged hands during the day compared with its three month average trading volume of 2.88M. The stock, which fluctuated between $41.14 and $42.31 during the day, currently situated -9.21% below its 52 week high. The stock is up by 0.48% in the past one month and up by 2.72% over the past three months. With a one year target estimate of $44.84 and RSI of 57.3, the stock still has upside potential, making it a hold for now.
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of approximately 11,678 megawatts. It sells electricity, natural gas, emissions credits, and a series of energy-related products. The company also transmits electricity; and distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and implements energy efficiency and demand response programs. In addition, it offers appliance services and repairs to customers. As of December 31, 2015, the company’s electric transmission and distribution system included 24,022 circuit miles, of which 8,226 circuit miles were underground; and 848,496 poles, of which 549,636 poles were jointly-owned, as well as 4 electric distribution headquarters and 5 sub-headquarters. It also owned and operated 18,112 miles of gas mains; owned 12 gas distribution headquarters and 2 sub-headquarters; owned 1 meter shop; operated 60 natural gas metering and regulating stations; and owned 43 switching stations with an aggregate installed capacity of 29,090 megavolt-amperes (MVA) and 246 substations with an aggregate installed capacity of 8,179 MVA. Public Service Enterprise Group Incorporated was founded in 1985 and is headquartered in Newark, New Jersey.
Pioneer Energy Services Corp. (PES) had a light trading with around 2.85M shares changing hands compared to its three month average trading volume of 937.01K. The stock traded between $5.75 and $5.95 before closing at the price of $5.9 with 4.42% change on the day. The San Antonio Texas 78209 based company is currently trading 521.05% above its 52 week low of $0.95 and -13.87% below its 52 week high of $6.85. Both the RSI indicator and target price of 63.74 and $4.68 respectively, lead us to believe that it should be put on hold over the coming weeks.
Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies in the United States and Colombia. The company’s Drilling Services segment offers contract land drilling services in Texas, North Dakota, Appalachia, and Colombia. As of December 31, 2015, this segment operated a fleet of 31 drilling rigs. Its Production Services segment provides well servicing, wireline services, and coiled tubing services to exploration and production companies in the onshore oil and gas producing regions in the Mid-Continent and Rocky Mountain states; and in the onshore and offshore Gulf Coast. As of December 31, 2015, this segment operated a fleet of 114 rigs with 550 horsepower and 11 rigs with 600 horsepower; 125 wireline units; and 12 onshore and five offshore coiled tubing units. The company was formerly known as Pioneer Drilling Company and changed its name to Pioneer Energy Services Corp. in 2012. Pioneer Energy Services Corp. was founded in 1968 and is headquartered in San Antonio, Texas.