NEW YORK, December 16, 2016 /PRNewswire/ --
Focus is on the Integrated Oil and Gas space which is engaged in the exploration, production, refinement, and distribution of oil and gas. Companies in this category usually have global operations and significant activities in both Exploration and Production and Refining and Marketing operations. They are also frequently engaged in Energy Related Equipment and Services operations. Pre-market, Stock-Callers.com takes a look at the performances of these four major industry players: Encana Corp. (NYSE: ECA), Exxon Mobil Corp. (NYSE: XOM), Chevron Corp. (NYSE: CVX), and BP PLC (NYSE: BP). Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Encana
On Thursday, shares in Calgary, Canada headquartered Encana Corp. recorded a trading volume of 10.45 million shares. The stock ended the day at $12.24, declining 0.08% from the last trading session. The Company's shares have surged 10.00% in the last one month, 25.69% in the previous three months, and 142.24% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.84% and 40.90%, respectively. 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 52.40.
On November 03rd, 2016, Encana reported net earnings of $317 million, or $0.37 per share, and operating earnings of $32 million, or $0.04 per share, for Q3 2016. Encana's cash from operating activities was $186 million for the reported quarter, and after adjusting for changes in non-cash working capital and other asset and liabilities items, the Company generated cash flow of $252 million, or $0.29 per share, for Q3 2016.
On November 28th, 2016, research firm KLR Group downgraded the Company's stock rating from 'Buy' to 'Accumulate'. Sign up and read the free research report on ECA at:
http://stock-callers.com/registration/?symbol=ECA
Exxon Mobil
Irving, Texas headquartered Exxon Mobil Corp.'s stock rose 0.34%, finishing yesterday's session at $90.89 with a total trading volume of 11.13 million shares. The Company's shares have gained 4.69% in the last month, 9.12% over the previous three months, and 20.72% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.26% and 5.30%, respectively. 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 64.46.
On December 14th, 2016, Rex W. Tillerson, Exxon Mobil's Chairman and Chief Executive Officer, announced his intention to retire at year-end after more than 41 years of service. Darren W. Woods, currently President of Exxon Mobil, has been elected Chairman and Chief Executive Officer by the board of directors effective January 01st, 2017. The board of directors congratulated Tillerson on his nomination for the position of US Secretary of State. The complimentary research report on XOM can be downloaded at:
http://stock-callers.com/registration/?symbol=XOM
Chevron
Shares in San Ramon, California headquartered Chevron Corp. ended Thursday's session 0.94% higher at $117.05. The stock recorded a trading volume of 7.46 million shares, which was above its three months average volume of 7.39 million shares. The Company's shares have advanced 8.50% in the last one month, 20.83% in the previous three months, and 35.91% on an YTD basis. The stock is trading 9.83% above its 50-day moving average and 16.71% above its 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 73.42.
On December 14th 2016, Chevron Products Company, a division of Chevron USA Inc., a subsidiary of Chevron Corp. and Novvi LLC announced that Chevron has made an equity investment into Novvi LLC (a joint venture of Amyris, Inc., Cosan S.A., and American Refining Group). Terms of the transaction were not disclosed. Novvi's products and technology are recognized by the global lubricant market to deliver sustainable, high-performance solutions in a range of lubricant applications.
Yesterday, research firm Macquarie upgraded the Company's stock rating from 'Neutral' to 'Outperform'. Register for free on Stock-Callers.com and access the latest report on CVX at:
http://stock-callers.com/registration/?symbol=CVX
BP PLC
At the close, London, the UK headquartered BP PLC's stock dropped 0.47%, finishing at $35.85. A total volume of 5.08 million shares was traded. The Company's shares have gained 6.66% in the last month, 9.56% over the previous three months, and 23.67% on an YTD basis. The stock is trading 3.14% and 10.21% above its 50-day and 200-day moving averages, respectively. Additionally, shares of BP PLC, which operates as an integrated oil and gas company worldwide, have an RSI of 56.76.
On November 30th, 2016, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. Get free access to your research report on BP at:
http://stock-callers.com/registration/?symbol=BP
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