Eagle & Beagle for Sunday, Aug. 31, 2014

Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma companies’ high-performing (eagle) and low-performing (beagle) stocks.
Oklahoman Published: August 31, 2014
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Stocks

Eagle

Our eagle this week posted a rock solid week.

Rose Rock Midstream shares last week closed higher each day than they opened, showing steady gains on average volume.

That’s the kind of chart that helps a long-term shareholder sleep well.

After a 9.8 percent weekly gain, RRMS shares closed at $60.99 — a new 52-week high. In fact, in recent days, Rose Rock has set a new high more days than not.

One could even say things are rosy for the Tulsa firm, which moves, stores and sells crude oil.

Beagle

There was a grand total of just five Oklahoma-based stocks that registered a loss last week.

That resulted in what may be our smallest beagle ever — a beaglet, if you will.

Shares of Tulsa Matrix Service Co. posted a 1.5 percent decline over the past five trading days.

The stock slid 53 cents to close Friday at $28.21.

Obviously, this isn’t a significant move.

Matrix recently announced it had acquired an upstream operator in a deal that cost less than $10 million, which was paid for with cash on hand.

Nothing there to raise any eyebrows; just like last week’s little stock price shift.

Eagle & Beagle is a weekly look at the state’s high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.

by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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