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:
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