Momentum Stocks: Basic Energy Services, Inc (BAS), Helix Energy Solutions Group Inc (HLX)


Basic Energy Services, Inc (NYSE:BAS):

The company’s RSI reading has hit 61.34. The stock edged lower by -5.78% to close previous trading session at USD 3.26.

The shares of the company fluctuated in the range of USD 1.52 and USD 10.50 in the course of 52 weeks. Over the three months, the company’s shares have surged by 26.85% and in the past one year, it has lost -46.20%. Additionally, the stock’s year to date performance has improved 21.64%. Over the last five days its shares have surged by 7.59% and in the past six months it has moved down -28.67%.

Further, the stock is at a price to book ratio of 1.24. The stock’s weekly volatility is calculated as 8.73% and monthly volatility as 13.58% with ATR of 0.33, beta of 2.63 and price to cash ratio of 2.95.

Basic Energy Services, Inc (BAS) on March 17, 2016 declared that its administration will be presenting at the Scotia Howard Weil 44th Annual Energy Conference to be held March 20–23 in New Orleans.

Basic Energy Services provides well site services essential to maintaining production from the oil and gas wells within its operating area.  The company employs more than 3,500 employees in more than 100 service points throughout the major oil and gas producing regions in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas, and the Rocky Mountain and Appalachian regions.

Helix Energy Solutions Group Inc (NYSE:HLX):

The stock increased by 7.65% to close last trading session at USD 6.05. The company’s shares oscillated in the range of USD 5.52 and USD 6.09 during intraday trade.

A total of 1.97 million shares exchanged hands, above its 3 month average volume of 1.80 million shares. Over the last five days its shares have surged by 23.22% and in the past six months it has moved up 0.67%.

Furthermore, the stock has weekly volatility of 10.53% and monthly volatility of 12.78% with ATR of 0.53. The stock’s RSI is 69.55 and distance from 50-day simple moving average is +53.27%, whereas its distance from 20-day simple moving average is +36.34% and distance from 200-day simple moving average is -11.63%.

Helix Energy Solutions Group Inc (HLX) along with its subsidiaries provides specialty services to the offshore energy industry mainly in the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. It operates through three segments: Well Intervention, Robotics, and Production Facilities. The company engineers, manages, and conducts well construction, intervention, and abandonment operations in water depths ranging from 200 to 10,000 feet; and operates remotely operated vehicles (ROVs), trenchers, and ROVDrills for offshore construction, maintenance, and well intervention services. It also offers Well intervention; intervention engineering; production enhancement; inspection, repair and maintenance of production structures, trees, jumpers, risers, pipelines and subsea equipment; and life of field support. In addition, the company provides reclamation and remediation services; well plugging and abandonment services; pipeline abandonment services; and site inspections.