Ensco plc (NYSE: ESV) dropped about 2.3% on Thursday to a new 52-week low of $47.43. Share volume is about 40% above the daily average of around 2.6 million. The stock’s 52-week high is $62.25. Ensco’s presentation at an energy conference on Wednesday that was mixed at best. The company assured investors that the $3.00 annual dividend (5.9% dividend yield) would not be altered, but there must have been some skeptics in the crowd.
Key Energy Services (NYSE: KEG) dropped about 3.8% today to post a new 52-week low of $5.76 compared with the stock’s 52-week high of $10.52. Another energy company, this one focused on onshore drilling, has been weakened by poor earnings and the shareholder lawsuits just keep piling up. Shares are down about 23% in the year to date. Trading volume was about 40% below the daily average of around 2.5 million shares.
Oceaneering International Inc. (NYSE: OII) dropped about 4.7% today to post a new 52-week low of $65.60. Share volume was about double the average daily volume of around 1 million shares and the 52-week high is $87.64. The company makes and sells remotely operated vehicles (ROVs) for the deepwater energy drillers. Oceaneering also participated in the same conference as Ensco and like its U.K.-based peer couldn’t tell the analysts and investors what they wanted to hear.
SandRidge Energy Inc. (NYSE: SD) dropped about 4.6% today to post a new 52-week low of $4.94. Volume is nearly 60% higher than the daily average of around 8.4 million shares. The independent oil and gas company had no news today. The stock’s 52-week high is $7.43.
ALSO READ: Companies That Control the World’s Food
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.