NEW YORK, October 31, 2016 /PRNewswire/ --
Stock-Callers.com draws its attention to these four major players in the Integrated Oil and Gas space: Encana Corp. (NYSE: ECA), Exxon Mobil Corp. (NYSE: XOM), Chevron Corp. (NYSE: CVX), and BP PLC (NYSE: BP). On Friday, October 28, 2016, oil prices settled lower due to doubts about OPEC's planned output cut. Brent crude futures fell 69 cents, or 1.4%, at $49.78 a barrel by 2:44 p.m. ET, while U.S. West Texas Intermediate crude dropped 91 cents, or 2.05%, at $48.70 a barrel. Learn more about these stocks by downloading their free research reports in PDF format at:
Last Friday at the close, shares in Canada headquartered Encana Corp. ended 2.91% lower at $10.00. The stock recorded a trading volume of 13.77 million shares. The Company's shares have advanced 31.60% in the previous three months and 97.68% on an YTD basis. The stock is trading above its 200-day moving average by 34.32%. Furthermore, 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 41.72.
On October 11th, 2016, research firm Barclays upgraded the Company's stock rating from 'Equal Weight' to 'Overweight'. The research firm also revised upwards its previous target price from $10 to $14.
On October 27th, 2016, Encana reported that its Q3 2016 results will be released on November 3rd, 2016. The conference call and webcast to discuss the Q3 2016 results will be held the same day at 9 a.m. ET. Sign up and read the free research report on ECA at:
Irving, Texas headquartered Exxon Mobil Corp.'s stock finished Friday's session 2.46% lower at $84.78. A total volume of 19.07 million shares was traded, which was above their three months average volume of 10.76 million shares. The Company's shares have advanced 11.62% since the start of this year. The stock is trading below its 200-day moving average by 0.81%. Additionally, 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 38.49.
On October 28th, 2016, Exxon announced estimated Q3 2016 earnings of $2.7 billion, or $0.63 per diluted share, compared with $4.2 billion a year earlier. During Q3 2016, volumes declined 3% to 3.8 million oil-equivalent barrels per day compared with a year ago. Q3 2016 Downstream earnings declined to $1.2 billion primarily due to weaker refining margins. Capital and exploration expenses were reduced by 45% to $4.2 billion in Q3 2016. The complimentary research report on XOM can be downloaded at:
Shares in San Ramon, California headquartered Chevron Corp. ended the session 3.90% higher at $103.82. A total volume of 17.40 million shares was traded, which was above their three months average volume of 6.33 million shares. The stock has gained 2.52% in the past month, 5.86% over the previous three months, and 19.35% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 2.59% and 7.51%, respectively. Moreover, shares of Chevron, which through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide, have an RSI of 59.22.
On October 28th, 2016, Chevron reported earnings of $1.3 billion or $0.68 per diluted share for Q3 2016 compared to earnings of $2.0 billion, or $1.09 per diluted share, in Q3 2015. Foreign currency effects increased earnings in Q3 2016 by $72 million compared to an increase of $394 million a year earlier. Sales and other operating revenues in Q3 2016 were $29 billion compared to $33 billion in Q3 2015. Register for free on Stock-Callers.com and access the latest report on CVX at:
The UK headquartered BP PLC's stock recorded a trading volume of 5.05 million shares, and closed 0.89% lower at $35.68. The Company's shares have gained 1.77% in the past month, 9.50% in the previous three months, and 20.91% since the start of this year. The stock is trading 2.49% above its 50-day moving average and 11.52% above its 200-day moving average. Additionally, shares of BP, which operates as an integrated oil and gas company worldwide, have an RSI of 52.45.
On October 20th, 2016, research firm UBS downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On October 24th, 2016, BP Oman announced that phase one of its massive Khazzan natural gas project is 80% complete and on track to deliver first gas near the end of 2017. Located on a previously undeveloped desert site 350 kilometers south of Muscat, work on the Khazzan tight gas project began in 2014 and the completed development will eventually contribute roughly a third of Oman's natural gas supply. Get free access to your research report on BP at:
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