Ezion Chart, Support and Resistance

Ezion is an oil and gas support services provider. The company is an owner of a fleet of offshore assets that include multi-purpose self-propelled jack-up rigs and heavy-haul vessels.
It also provides services such as well-servicing and maintenance, amongst others.

29 May 2017

Below 200MA
Hitting Support 0.26

May 2016

Q1 Revenue fell by 9% year-on-year to US$82.1 million. 

Profit of US$15.5 million for the quarter, a steep decline from the US$41 million seen in the same period a year ago.

Aug 2016
Q2 Revenue drop 7% US$83.7M from 90M
Profit for the Q2 ended June 30, 2016 fell 31.5% to US$19.8 million, compared to about US$29 million a year ago.

Oct 2016
3Q Revenue down 7.4% at US$79.8 million compared to US$86.2 million in 3Q15. This was mainly due to modifications and routine class surveys conducted on the group's service rigs; a reduction in charter rates; and the postponement of the commencement of a customer's project, which resulted in the delay of the deployment of several service rigs.
Profit 69.1% decline to US$9.4 million ($13.2 million), about a third of the US$30.4 million reported in the same quarter a year ago on lower revenue.