13.12.2016 13:45:00
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Technical Roundup on Oil & Gas Stocks -- Royal Dutch Shell, Ecopetrol, YPF S.A., and MagneGas
NEW YORK, December 13, 2016 /PRNewswire/ --
Today, Stock-Callers.com takes a closer look at four major players in the Integrated Oil and Gas space, namely: Royal Dutch Shell PLC (NYSE: RDS-A), Ecopetrol S.A. (NYSE: EC), YPF S.A. (NYSE: YPF), and MagneGas Corp. (NASDAQ: MNGA). Moody's 2017 outlook for companies in this category is stable, as their EBITDA will rise by about 5%, buoyed by stabilizing CAPEX and a substantial realignment of cost structures. Sign up today and download for free the research reports for the stocks covered today at:
http://stock-callers.com/registration
Royal Dutch Shell
The Hague, the Netherlands headquartered Royal Dutch Shell PLC's stock finished Monday's session 1.14% higher at $53.41. A total volume of 5.03 million shares was traded, which was above their three months average volume of 4.41 million shares. Over the last month and the previous three months, the Company's shares have advanced 4.42% and 12.83%, respectively. Additionally, the stock has gained 25.97% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 6.28% and 9.05%, respectively. Moreover, shares of Royal Dutch Shell, which operates as an independent oil and gas company worldwide, have a Relative Strength Index (RSI) of 68.01.
On November 22nd, 2016, research firm UBS initiated a 'Buy' rating on the Company's stock.
On December 12th, 2016, Noble Corp. PLC announced that the Company and certain subsidiaries of Royal Dutch Shell have agreed to amend the existing long-term contracts on three ultra-deep water drill ships. In the current, challenging environment for offshore exploration and production projects, the agreements offer benefits for both parties. The contract amendments pertain to the Noble Bully II, Noble Globetrotter I, and Noble Globetrotter II, which are operating under 10-year term contracts that commenced in April 2012, July 2012, and September 2013, respectively. RDS-A complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=RDS-A
Ecopetrol
Shares in Bogota, Colombia-based Ecopetrol S.A. rose 2.63%, ending yesterday's session at $8.97. A total volume of 2.26 million shares was traded, which was higher than their three months average volume of 997,100 shares. The stock has gained 9.79% in the past month, 3.22% in the previous three months, and 27.96% on an YTD basis. The Company's shares are trading 3.41% above their 50-day moving average and 0.88% above their 200-day moving average. Moreover, shares of Ecopetrol, which engages in the exploration, development, and production of crude oil and natural gas in Colombia, Peru, Brazil, Angola, and the US Gulf Coast, have an RSI of 60.68.
On December 7th, 2016, research firm Deutsche Bank upgraded the Company's stock rating from 'Hold' to 'Buy'.
On December 12th, 2016, Ecopetrol announced that the risk rating agency Fitch Ratings has kept the Company at investment grade, with an international rating of BBB. Fitch Ratings further reported that Ecopetrol's individual rating is also investment grade with a rating of BBB-; and including the Government's support this rating raises to BBB. The complimentary report on EC can be downloaded at:
http://stock-callers.com/registration/?symbol=EC
YPF S.A.
On Monday, Buenos Aires, Argentina-based YPF S.A.'s stock saw a decline of 2.47%, to close the day at $16.16. A total volume of 1.03 million shares was traded, which was above their three months average volume of 794,230 shares. The Company's shares have advanced 0.37% in the last one month and 2.80% on an YTD basis. The stock is trading 7.99% below its 50-day moving average. Additionally, shares of YPF S.A., which operates in the oil and gas upstream and downstream activities in Argentina, have an RSI of 41.37.
As per notes filed with the SEC on November 30th, 2016, the company announced that Mr. Sergio Affronti has resigned as Shared Services Vice President of YPF S.A. on November 30th, 2016, for strictly personal reasons.
On December 7th, 2016, research firm Raymond James initiated an 'Outperform' rating on the Company's stock. Sign up for your complimentary report on YPF at:
http://stock-callers.com/registration/?symbol=YPF
MagneGas
Shares in Tarpon Springs, Florida-based MagneGas Corp. ended the day 1.05% lower at $0.47, with a total trading volume of 494,698 shares. The stock is trading below its 50-day moving average by 22.88%. Shares of the Company, which creates and produces hydrogen based alternative fuel through the gasification of carbon-rich liquids in the US and internationally, have an RSI of 40.69.
On November 16th, 2016, MagneGas announced that it has entered into an agreement with a single institutional investor for a registered direct placement of approximately $3 million. The Securities Purchase Agreement provides for the sale of $2.5 million of pre-funded warrants which warrants are exercisable into 5,102,041 shares and $500,000 in payment for 1,020,408 shares. Download the research report for free on MNGA at:
http://stock-callers.com/registration/?symbol=MNGA
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Aktien in diesem Artikel
Ecopetrol SA (spons. ADRs) | 7,48 | 0,27% | |
YPF SA (D) (spons. ADRs) | 37,00 | -0,54% |