Oil and Gas Stocks Technical Commentary -- Royal Dutch Shell, TOTAL, YPF S.A., and Ecopetrol
July 19, 2016 at 08:30 AM EDT
NEW YORK, July 19, 2016 /PRNewswire/ --
Stock-Callers.com has initiated coverage on the following equities: Royal Dutch Shell PLC (NYSE: RDS-B), TOTAL S.A. (NYSE: TOT), YPF S.A. (NYSE: YPF), and Ecopetrol S.A. (NYSE: EC). Learn more about these stocks by accessing their free notes at:
Major Integrated Oil and Gas players are facing oil prices tumble once again. Let us see how this is affecting some of the big companies mentioned above at the close on Monday, July 18, 2016, and over the last few trading sessions. Register with us now for your free membership and more at: http://stock-callers.com/registration
Royal Dutch Shell
The Hague, the Netherlands headquartered Royal Dutch Shell PLC's shares rose 0.68%, ending the day at $57.40. The stock recorded a trading volume of 4.61 million shares, which was above its three months average volume of 2.53 million shares. The Company's shares have advanced 13.62% in the last one month, 12.19% in the previous three months, and 29.69% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.70% and 19.36%, respectively. Moreover, shares of Royal Dutch Shell, which operates as an independent oil and gas company globally, have a Relative Strength Index (RSI) of 63.17.
On June 20th, 2016, Royal Dutch Shell announced that it has made application to the UK Listing Authority and the London Stock Exchange for 50,545,730 A ordinary shares of Euro 0.07 each to be traded on the main market of the London Stock Exchange. See our complete notes on RDS-B at: http://stock-callers.com/registration/?symbol=RDS-B
Shares in Courbevoie, France headquartered TOTAL S.A. ended the day 0.86% lower at $48.32 and with a total volume of 1.08 million shares traded. In the last month and the previous three months, the stock has gained 4.63% and 2.53%, respectively. Moreover, the Company's shares have advanced 10.64% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.36% and 5.60%, respectively. Furthermore, shares of TOTAL, which operates as an integrated oil and gas company globally, have an RSI of 53.04.
On June 28th, 2016, Bloomberg reported that Total has won a bid to jointly develop the al-Shaheen field, which produces 300 thousand barrels of oil per day, with state-run Qatar Petroleum. Total will replace AP Moeller-Maersk A/S in running the reservoir responsible for more than 40% of the OPEC nation's output. The interest in the field will be for 25 years starting July 2017.
On July 15th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'. Visit us today and access your complimentary note on TOT at:
On Monday, shares in Buenos Aires, Argentina-based energy company, YPF S.A., finished 1.14% lower at $19.00 with a total volume of 713,768 shares traded. The stock has advanced 20.87% since the start of this year. The Company's shares are trading above their 200-day moving average by 3.75%. Additionally, shares of YPF, which operates in the oil and gas upstream and downstream activities in Argentina, have an RSI of 42.19.
On June 06th, 2016, YPF announced Ricardo Darre as chief executive officer, effective July 01st, 2016. Darre, an engineer, previously worked for French oil company Total in the United States. The note on YPF is available for free at: http://stock-callers.com/registration/?symbol=YPF
Ecopetrol S.A. (NYSE: EC)
Bogot, Colombia-based integrated oil company, Ecopetrol S.A.'s stock recorded a trading volume of 425,413 shares at the end of yesterday's session. The stock closed the day at $9.67, climbing 1.04%. The stock has advanced 3.98% in the last one month, 5.91% over the previous three months, and 37.95% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 3.12% and 15.12%, respectively. Additionally, shares of Ecopetrol, which engages in the exploration, development, and production of crude oil and natural gas in Colombia, Peru, Brazil, Angola, and the U.S. Gulf Coast, have an RSI at 55.53.
On June 24th, 2016, Ecopetrol announced that it has launched 'Ronda Campos 2016,' a public and competitive bidding process, to offer to oil and gas companies for Ecopetrol's stake and interests in 20 production assets located in the regions of Catatumbo, the Magdalena Middle and Upper Valley, Llanos and Putumayo.
On July 07th, 2016, research firm Morgan Stanley upgraded the Company's stock ratings from 'Underweight' to 'Equal-Weight'. Complimentary note on EC is accessible at:
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