NEW YORK, April 20, 2017 /PRNewswire/ --
Pre-market, Stock-Callers.com assesses these four Major Integrated Oil and Gas companies: Exxon Mobil Corp. (NYSE: XOM), Encana Corp. (NYSE: ECA), Chevron Corp. (NYSE: CVX), and BP PLC (NYSE: BP). On March 20th, 2017, Moody's changed its outlook on the global Integrated Oil and Gas sector to "Positive" from "Stable," as higher profits from upstream operations fuel a faster recovery in earnings growth. As per the rating agency, earnings growth for the industry is expected to be between 13% and 18% this year, assuming that oil prices remain around the midpoint of its forecast oil-price range of $40 to $60 per barrel. 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 10.75 million shares, and ended the day at $80.49, declining 0.69% from the last trading session. The stock is trading below its 50-day moving average by 1.95%. Shares of the Company, 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 38.04.
On March 30th, 2017, Exxon Mobil announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar-aged reservoirs as encountered in previous discoveries at Liza and Payara. Sign up and read the free research report on XOM at:
Calgary, Canada headquartered Encana Corp.'s stock saw a drop of 4.09%, finishing yesterday's session at $11.03 with a total trading volume of 8.13 million shares. The Company's shares have gained 1.94% in the last month. The stock is trading above its 200-day moving average by 2.14%. Additionally, shares of Encana, which together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the US, have an RSI of 41.88.
On March 23rd, 2017, research firm UBS upgraded the Company's stock rating from 'Neutral' to 'Buy' while revising its previous target price from $12 a share to $14 a share. The complimentary research report on ECA can be downloaded at:
Shares in San Ramon, California headquartered Chevron Corp. ended the session 1.37% lower at $104.23. The stock recorded a trading volume of 6.66 million shares, which was above its three months average volume of 6.46 million shares. The Company's shares are trading 1.90% below 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 31.64.
On April 06th, 2017, Chevron announced that it will hold its quarterly earnings conference call on Friday, April 28th, 2017, at 11:00 a.m. ET. The live webcast of the call may be accessed via the Company's website. Register for free on Stock-Callers.com and access the latest report on CVX at:
At the closing bell on Wednesday, London, UK-based BP PLC's stock dropped 1.53%, finishing at $34.14. A total volume of 7.07 million shares was traded, which was above their three months average volume of 6.64 million shares. The Company's shares are trading 0.08% below their 50-day moving average. Additionally, shares of BP, which operates as an integrated oil and gas company worldwide, have an RSI of 45.15.
On April 19th, 2017, research firm Citigroup downgraded the Company's stock rating from 'Buy' to 'Neutral'. Get free access to your research report on BP at:
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