Dallas 9/29/2010 10:43:09 PM
News / Business

Energy Stock Mostly Higher (NR, RIG, XOM, HAL)

Energy Stock

Energy stocks mostly higher on Wednesday ahead of weekly supply data.

Newpark Resources, Inc. (NYSE:NR) added 1.85% to $8.24 after 2.72 million shares of trade. Over the past 52-week, the stock traded within the range of $2.56-$9.50. At current market price, the market capitalization of the stock stands at $740.63 million.

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Yesterday, the company announced priced its public offering of $150,000,000 aggregate principal amount of 4.00% Convertible Senior Notes due 2017 (Notes). The company also granted the underwriters the right to purchase within a 30-day period up to an additional $22,500,000 aggregate principal amount of Notes, solely to cover over-allotments.

The company has Price/Sales ratio of 1.22 and Price/Book ratio of 1.91. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $8.61 and $7.11 respectively.

Transocean LTD (NYSE:RIG) went up 2.12% to $64.54 on over 2.40 million shares. Today, the stock opened at $63.90 and is trading within the range of $63.65-$64.80.  

The median Wall Street price target on the stock is $70 and the high target is set at $97 with majority of analysts have a Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $55.75 and $62.31 respectively.

Shares of Exxon Mobil Corporation (NYSE:XOM) is trading 0.63% lower to $61.67. The intraday range of the stock is $61.61-$62.02. The stock is down more than 10% year-to-date.

The company has Price/Sales ratio of 0.99 and Price/Book ratio of 2.25. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $60.57 and $62.60 respectively.

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Halliburton Company (NYSE:HAL) gained 0.27% to $32.86 after 3.04 million shares of trade. So far in the last one year of trading sessions, the stock has added over 20%. The stock has a 52-week range of $21.10-$35.22.

The median Wall Street price target on the stock is $42 and the high target is set at $54 with majority of analysts have a Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $29.96 and $29.09 respectively.

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