Allis-Chalmers Energy Up 7.8% After Hitting 52-Week High (ALY)

Shares of Allis-Chalmers Energy Inc.

are trading up 7.8% at $6.79 per share during the Tuesday afternoon trading session. The day's trading range for shares of Allis-Chalmers Energy Inc has been between $6.33 and a 52-week high of $6.86 per share. Analysts covering Allis-Chalmers Energy Inc. (

) stock give it a consensus price target of $4.50 per share. Trading volume for Allis-Chalmers Energy Inc has been heavier than usual, with 760,000 shares having been traded today, already above the daily average volume of 617,000 shares. Allis-Chalmers Energy Inc is a Houston-based multi-faceted oilfield services company that provides services and equipment to oil and natural gas exploration and production companies, domestically primarily in Texas, Louisiana, Arkansas, Pennsylvania, Oklahoma, New Mexico, offshore in the Gulf of Mexico, and internationally, primarily in Argentina, Brazil, Mexico and Bolivia. Allis-Chalmers Energy Inc provides directional drilling services, casing and tubing services, underbalanced drilling, production and workover services with coiled tubing units, rental of drill pipe and blow-out prevention equipment, and international drilling and workover services. Read more