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McDermott Sinks; National Oilwell, Oil States, Weatherford Float On

Stocks in this article: MDR NOV OIS WFT

NEW YORK (TheStreet) -- The big story in the oil field services industry is McDermott (MDR) reported a huge earnings miss after the closing bell on Monday. The company missed analysts' earnings per share estimates by 96 cents reporting a loss of 80 cents a share, and then withdrew earnings guidance.

The stock closed Monday just below its 200-day simple moving average at $8.18, which is not a positive pre-earnings. This morning McDermott shares opened at $7.61 and traded as low as $7.25 as of 11:00 a.m. EST.

Today I crunch the numbers on McDermott plus three other oil-field services stocks that reported their quarterly results earlier in the year.

National Oilwell (NOV) reported quarterly results on Jan. 31 and beat EPS estimates by 17 cents earning $1.56 a share. This stock traded as low as $72.67 on Jan. 19 and since then the stock has been moving higher, trading back and forth around its 200-day SMA since Jan. 31, now at $75.97.

Oil States International (OIS) reported quarterly results on Feb. 19 and missed EPS estimates by 2 cents earning $1.49 a share. The stock was above its 200-day SMA on that day then fell below it the following day trading down to as low as $90.62 on Feb. 27. The stock opened higher today but is still below its 200-day SMA at $98.88.

Weatherford international (WFT) reported quarterly results on Feb. 25 and matched EPS estimates earning 7 cents a share. The stock was in rally mode going into this report after setting a 2014 intraday low at $13.07 on Feb. 3. Weatherford has been above its 200-day SMA since Feb. 13 with this level now at $14.93. The stock continued to move higher after their earnings report on brokerage upgrades.

A detailed technical analysis chart about these stocks follows today's profiles and explains my number-crunching terms.

On to the analysis:

McDermott ($7.61 at today's open, down 16.9% YTD): The stock is below all five key moving averages in today's "Crunching the Numbers" table. The weekly chart has been negative with its five-week modified moving average at $8.28. I do not have a nearby value level and the stock is below my monthly pivot at $8.03 and the stock broke below its quarterly risky level at $8.96 on Jan. 23.

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