NEW YORK, March 9, 2017 /PRNewswire/ --
Stock-Callers.com has lined up four major players in the Integrated Oil and Gas space for assessment: Exxon Mobil Corp. (NYSE: XOM), Encana Corp. (NYSE: ECA), Chevron Corp. (NYSE: CVX), and BP PLC (NYSE: BP). According to Moody's, outlook is stable for Integrated Oil and Gas companies this year, as their EBITDA will rise by about 5%, buoyed by stabilizing CapEx and a substantial re-alignment of cost structures. Learn more about these stocks by downloading their free research reports in PDF format at:
On Wednesday, shares in Irving, Texas headquartered Exxon Mobil Corp. recorded a trading volume of 16.81 million shares, which was higher than their three months average volume of 11.96 million shares. The stock ended the day at $81.03, declining 1.81% from the last trading session. The Company's shares are trading below their 50-day moving average by 4.13%. Furthermore, shares of Exxon Mobil, which explores for and produces crude oil and natural gas in the US, Canada/South America, Europe, Africa, Asia, and Australia/Oceania, have a Relative Strength Index (RSI) of 39.12.
On March 06th, 2017, Exxon announced that it is expanding its manufacturing capacity along the US Gulf Coast through planned investments of $20 billion over a 10-year period. The projects, at 11 proposed and existing sites, are expected to generate thousands of new high-paying jobs and $20 billion in increased economic activity in Texas and Louisiana.
Yesterday, research firm HSBC Securities reiterated its 'Hold' rating on the Company's stock with a decrease of the target price from $90 a share to $85 a share. Sign up and read the free research report on XOM at:
Calgary, Canada headquartered Encana Corp.'s stock saw a drop of 6.49%, finishing yesterday's session at $10.52. A total volume of 25.08 million shares was traded, which was higher than their three months average volume of 10.43 million shares. The Company's shares are trading above their 200-day moving average by 1.69%. Additionally, shares of Encana, which together with its subsidiaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the US, have an RSI of 27.80.
On February 15th, 2017, research firm JP Morgan initiated an 'Overweight' rating on the Company's stock, with a target price of $16 per share.
On February 16th, 2017, Encana reported Q4 2016 net loss of $281 million, or $0.29 per share, and a full-year 2016 net loss of $944 million, or $1.07 per share. The Company's non-GAAP operating earnings were $85 million, or $0.09 per share, and full-year 2016 non-GAAP operating earnings were $76 million, or $0.09 per share. Encana's core assets contributed 74% of total Q4 2016 production of 321,500 BOE/d and 72% of the full-year average of 352,700 BOE/d. The complimentary research report on ECA can be downloaded at:
Shares in San Ramon, California headquartered Chevron Corp. ended the session 1.97% lower at $109.61. The stock recorded a trading volume of 9.07 million shares, which was above its three months average volume of 6.21 million shares. The Company's shares are trading 4.50% above their 200-day moving average. Moreover, shares of Chevron, which through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide, have an RSI of 39.06.
On March 08th, 2017, Chevron announced that its subsidiary, Cabinda Gulf Oil Company Limited, has commenced oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola. Located 15 miles offshore Cabinda province in 200 feet (60 m) of water, Mafumeira Sul is the second stage of development of the Mafumeira Field in Block 0. It has a design capacity of 150,000 barrels of liquids and 350 million cubic feet of natural gas per day. Early production from the project commenced in October 2016. Register for free on Stock-Callers.com and access the latest report on CVX at:
At the closing bell on Wednesday, London, the UK headquartered BP PLC's stock dropped 1.65%, finishing at $33.31. A total volume of 6.73 million shares was traded, which was above their three months average volume of 6.20 million shares. The Company's shares are trading 1.13% below their 200-day moving average. Additionally, shares of BP, which operates as an integrated oil and gas company worldwide, have an RSI of 33.30.
On March 01st, 2017, BP PLC announced that it will acquire the upstream portion of Clean Energy Fuels Corp.'s renewable natural gas business and sign a long-term supply contract with Clean Energy to support the firm's continuing downstream renewable natural gas business. Under terms of the agreement, BP will pay $155 million for Clean Energy's existing biomethane production facilities, its share of two new facilities and its existing third party supply contracts for renewable natural gas. Get free access to your research report on BP at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA