Here are the recap for the top 3 major microcap industry report in the Oil & Gas Midstream sector trading on Wednesday. keep an eye on the following stocks.
U.S. Well Services, Inc. (NASDAQ:USWS) continued to move higher and extended its month long rally in the Oil & Gas sector. The stock soared 17.60% to close at $1.47. On Wednesday, the stock witnessed higher than average volume with more than 13.78 million shares exchanged hands, compared to its average volume of 2.79 million shares. The stock opened at $1.27 and moved within a wide range of $1.2800 – 1.6000. Last week, the company said USWS committed to turn into an all-electric hydraulic fracturing service provider and fully exit the diesel frac market by the end of 2021.
The transition strategy will enable the company to become the first publicly traded, pure-play electric completion service provider. Notably, its electric frac technology significantly lowers emissions and sound pollution, and creates high operating efficiencies, which includes major fuel cost savings for customers.
Martin Midstream Partners L.P. (NASDAQ:MMLP) gained momentum as the stock went up 9.65% for the session to $2.84. The stock has moved within a wide range of 2.6100 – 2.8400. The stock has surged about 98% year-to-date. Moreover, the stock has moved up almost 75% over the past 6-month. The stock is trading 17% below its 52-week high and 175% higher from its 52-week low.
Blueknight Energy Partners, L.P. (NASDAQ:BKEP) was down a bit after the big rally recently. The stock was down 1% at $4.08. More than 138K shares have been traded hands, compared to its average volume of 364K. Over the past 52-week, the stock moved within a range of $1.2000 – 4.2600. The stock has soared 105% so far in 2021 and 141% in the past 6-month.The stock is trading in the oversold zone as RSI stands at 71.
