Oil prices are on the decline and experts are hinting that price may continue to fall. Next year, it may even fall below the $70 mark. The oil stocks are getting a lot of attention and here are updates on three of them in particular: FMC Technologies, Inc. (NYSE: FTI), Penn West Petroleum Ltd (USA) (NYSE:PWE) and Rex Energy Corporation (NASDAQ:REXX).
FMC Technologies, Inc. (NYSE: FTI) was at $32.76 at its last close, which was down -9.93% or -3.61 points, as compared to its close the day before that. The distances from the 20-day simple moving average (SMA 20) was -15.69%. Over the past year, the return on equity has been recorded at 27.90%, which was realized due to the financial situation and earnings per share when its value had reached $3.02. Earnings into the future are predicted to decrease -12.33% over the next five years.
Penn West Petroleum Ltd (USA) (NYSE:PWE) has declined to -9.03% as of its last close on the New York stock market. Its high recorded for the last 52 weeks was $8.62 and its was down to -84.52% over that same period, with a trade volume that was 2.032 million. Over the trailing six months, share volume has declined -18.34%. The stock is trading now at -46.20% under its SMA 200 and is -27.85% under its SMA 50.
As for the Rex Energy Corporation (NASDAQ:REXX) stock, its last price at closing was -45.25%, which is under its 50-day moving average and is -51.50% under its 200-day moving average. The volume of stock traded over the last 52 weeks was 7.055 million shares and its price loss was -19.57%. At the last trading session, stock was changing hands at a volume that was above its average.
These are the updates on three stocks, which are: FMC Technologies, Inc. (NYSE: FTI), Penn West Petroleum Ltd (USA) (NYSE:PWE) and Rex Energy Corporation (NASDAQ:REXX).