Oil & Gas Stocks Under Review -- Encana, Exxon Mobil, BP PLC and Chevron

Sep 20, 2016, 05:00 ET from Chelmsford Park SA

NEW YORK, September 20, 2016 /PRNewswire/ --

Stock-Callers.com takes a closer look at four major companies in the Integrated Oil and Gas space, namely: Encana Corp. (NYSE: ECA), Exxon Mobil Corp. (NYSE: XOM), BP PLC (NYSE: BP), and Chevron Corp. (NYSE: CVX). On Monday, September 19, 2016, oil prices advanced after Venezuela hinted that OPEC members and other major oil producers could agree to a deal to freeze output. Let us now review the most recent performances of the aforementioned stocks and see where they stand in the market today. Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration


Calgary, Canada headquartered Encana Corp.'s shares rose 1.13% and finished Monday's trading session at $9.86. A total volume of 11.12 million shares was traded. In the previous three months and since the start of this year, the stock has advanced 18.54% and 94.91%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 10.07% and 46.59%, respectively. Moreover, 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 a Relative Strength Index (RSI) of 53.77.

On September 12th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $9 a share to $10 a share.

On September 19th, 2016, Encana announced the pricing of its public offering of common shares. The company agreed to sell 107,000,000 shares at a public offering price of US$9.35 per share for gross proceeds to Encana of US$1,000,450,000. Encana intends to use approximately half of the net proceeds received from the sale of the Shares to fund a portion of its 2017 capital program. The Offering is expected to close on or about September 23rd, 2016. Sign up and read the free research report on ECA at: http://stock-callers.com/registration/?symbol=ECA

Exxon Mobil  

On Monday, shares in Irving, Texas headquartered Exxon Mobil Corp. recorded a trading volume of 7.93 million shares, and ended the session 0.24% lower at $83.83. The stock has gained 10.36% on an YTD basis. The Company's shares are trading 0.09% below their 200-day moving average. 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 an RSI of 31.50.

On August 18th, 2016, ExxonMobil informed via a press release that scientists from ExxonMobil and the Georgia Institute of Technology have developed a potentially revolutionary new technology that could significantly reduce the amount of energy and emissions associated with manufacturing plastics. If brought to industrial scale, this breakthrough could reduce industry's global annual carbon dioxide emissions by up to 45 million tons. It could also reduce global energy costs used to make plastics by up to $2 billion a year. The complimentary research report on XOM can be downloaded at: http://stock-callers.com/registration/?symbol=XOM


Shares in London, the UK headquartered BP PLC closed the day at $33.44, up 0.39%. The stock recorded a trading volume of 4.71 million shares. The Company's shares have gained 1.89% in the previous three months and 13.32% since the start of this year. The stock is trading 7.48% above their 200-day moving average. Additionally, shares of BP PLC, which operates as an integrated oil and gas company worldwide, have an RSI of 41.47.

On September 13th, 2016, BP launched PTAir, a new low carbon and carbon neutral PTA brand with three products that offers a more sustainable solution for the polyester value chain through a combination of world-class technology and carbon management expertise. In addition to this, BP will also be launching PTAirTM Neutral, the world's first certified carbon neutral PTA. Register for free on Stock-Callers.com and access the latest report on BP at: http://stock-callers.com/registration/?symbol=BP


At the closing bell yesterday, shares in California headquartered Chevron Corp. ended 0.20% higher at $98.04 with a total trading volume of 6.18 million shares. The stock has advanced 12.71% on an YTD basis. The Company's shares are trading above their 200-day moving average by 3.97%. Furthermore, shares of Chevron, which through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide, have an RSI of 38.44.

On August 29th, 2016, Chevron announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a binding LNG Sales and Purchase Agreement with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas (LNG) to China from Chevron's global supply portfolio. Under the terms of the agreement, ENN will receive up to 0.65 million metric tons per annum of LNG over 10 years, with the first delivery expected to start in 2018 or the first half of 2019. Get free access to your research report on CVX at: http://stock-callers.com/registration/?symbol=CVX


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