Oilfield services are becoming more attractive for penny stock investors as can be seen from the recent performance of HII Technologies, Inc. (OTC: HIIT). After setting a new 52 week high on Tuesday, investors who have been long on HIIT stock have now, over the last 6 months, seen a gain of more than 456% as the hidden gem has slowly crept its way up the charts. After announcing the Company’s recently established mobile oilfield power division has hired a true oil man, the investors who passed on prior announcement are now taking the hit.
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HIIT Stock Chart
Market Cap: 5.84M
Last: 0.135 ▲ 0.005 (3.85%)
Volume: 103,400
Dollar Volume: $15,351
Open: 0.115
High: 0.167
Low: 0.115
Trades: 11
Authorized: 250,000,000
Issued and Outstanding: 43,255,183
14-Day Rel Strength: 65.88%
14-Day Stochastic: 67.01%
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At the end of September, 2012, HII Technologies took a huge step forward when they acquired Apache Energy Services, LLC, a Ft. Worth based frac water handling company, for $2.3 million. Apache brought with it cash of $205,139, accounts receivable of $268,347 and sales for the nine months ended September 30, 2012 worth $1,320,211 — more than 10 times the revenues HII Technologies brought in for the same nine month period.
More impressively, Apache produced net income of $464,018 from the revenues generated — percentage that is unheard of and a propellant for the recent highs HIIT stock has been hitting since the start of 2013. Couple the net income their Apache acquisition is expected to produce with the accumulated deficit of $26,291,830 HII had as of September 30, 2012, and you can see why savvy investors are eyeing the “tax free” income for the coming quarters as a big plus.
Now that the Company has filled their vacancy by naming Jason Cuevas as Vice President and General Manager of South Texas Power, even more revenues can be expected in 2013. the South Texas Power division was expanded in November to provide onsite portable power to exploration and production companies where power grid connectivity is lacking. What HIIT stock was lacking was a bit of exposure which has been pretty well covered now after hitting 0.167 on Tuesday.
About HIIT Stock
HII Technologies, Inc., through its wholly-owned subsidiaries KMHVC, Inc. and Apache Energy Services, LLC, is a Texas based oilfield services company focused on commercializing technologies in power and water management used by exploration and production companies in the U.S. Click here to view the SEC filings for HIIT, here to view their corporate website.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 01/08/13 | 0.1350 | +0.0050 | +3.85% | 103,400 |
| 01/07/13 | 0.1300 | +0.0200 | +18.18% | 33,800 |
| 01/04/13 | 0.1100 | +0.0080 | +7.84% | 10,000 |
| 01/03/13 | 0.1020 | -0.0030 | -2.86% | 38,000 |
| 01/02/13 | 0.1050 | +0.0025 | +2.44% | 35,500 |
Bottom Line: HIIT should be on the list of penny stock investors even though it has increased over 456% in the last 6 months. The 10-K should be due out in a months time which should have some strong numbers to support the recent rise in HIIT stock. Long and strong for those who can see the Company’s water management service.
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