Research Reports Initiation on Oil & Gas Stocks -- Royal Dutch Shell, Ecopetrol, MagneGas, and Aegean Marine Petroleum Network
October 06, 2016 at 07:41 AM EDT
NEW YORK, October 6, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com draws investors' attention to four Major Integrated Oil and Gas equities, namely: Royal Dutch Shell PLC (NYSE: RDS-A), Ecopetrol S.A. (NYSE: EC), MagneGas Corp. (NASDAQ: MNGA), and Aegean Marine Petroleum Network Inc. (NYSE: ANW). According to a new report released by Moody's Investors Service on Monday, October 03, 2016, Integrated Oil and Gas operators will see their earnings stabilize within the next 18 months, as higher oil prices and lower operating costs will raise profit margins in the upstream business. Learn more about these stocks by downloading their free report at:
Royal Dutch Shell
On Wednesday, shares in The Hague, the Netherlands headquartered Royal Dutch Shell PLC recorded a trading volume of 3.84 million shares. The stock ended the day at $51.51, rising 1.64%. The Company's shares have gained 2.45% in the last one month and 19.27% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.03% and 8.53%, respectively. Furthermore, shares of Royal Dutch Shell, which operates as an independent oil and gas company worldwide, have a Relative Strength Index (RSI) of 65.41.
On September 15th, 2016, Royal Dutch Shell announced that it has reached an agreement with Dansk Olieselskab ApS for the sale of A/S Dansk Shell in Denmark, which consists of the 70 thousand barrels per day Fredericia refinery and local trading and supply activities, for approximately $80 million including working capital. The sale is expected to be completed in 2017, subject to regulatory approval. The free research report on RDS-A is available at:
Bogota, Colombia-based Ecopetrol S.A.'s stock finished yesterday's session 4.07% higher at $8.96. A total volume of 1.39 million shares was traded, which was above their three months average volume of 924,150 shares. The Company's shares have gained 27.82% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.46% and 7.18%, respectively. Furthermore, 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 57.08.
On September 9th, 2016, research firm Tudor Pickering upgraded the Company's stock rating from 'Sell' to 'Hold'.
On September 30th, 2016, ECOPETROL informed that it has updated its business plan for the period 2017-2020. This plan seeks to generate value, profitability and sustainability, and prepares the Group to capture the benefits derived from a potential increase in prices. The plan is based on an average price scenario of $50 USD/bl. The plan contemplates a cash surplus of more than USD 4.800 million, a dividend distribution policy of about 40% and debt ratios consistent with investment grade rating. Capital discipline is based on a solid investment portfolio, estimated in USD 13.000 million by 2020. The complimentary report on EC can be downloaded at:
At the closing bell on Wednesday, shares in Florida-based MagneGas Corp. ended the day flat at $0.67. The stock recorded a trading volume of 391,078 shares. The Company's shares have advanced 8.05% in the last one month and 15.52% in the previous three months. The stock is trading 5.68% above its 50-day moving average. Moreover, shares of MagneGas, which creates and produces hydrogen based alternative fuel through the gasification of carbon-rich liquids in the US and internationally, have an RSI of 56.66.
On October 3rd, 2016, MagneGas announced that a global auto manufacturing company based in the mid-western US has completed the rollout of MagneGas2® in one factory and has begun the procurement process at a second factory. The automaker has indicated an interest in continuing expansion into other factories as part of a larger rollout program. Visit us today and download our complete research report on MNGA for free at:
Athens, Greece headquartered Aegean Marine Petroleum Network Inc.'s stock closed the day 1.12% higher at $9.91 and with a total trading volume of 229,774 shares. The Company's shares have gained 80.52% over the previous three months and 19.46% on an YTD basis. The stock is trading 9.09% above its 50-day moving average and 32.67% above its 200-day moving average. Additionally, shares of Aegean Marine Petroleum Network, which together with its subsidiaries, operates as a marine fuel logistics company that markets and supplies refined marine fuel and lubricants to vessels in port, at sea, and on rivers worldwide, have an RSI of 56.85.
On September 20th, 2016, the company announced that it has successfully renewed its $1 Billion Secured Global Borrowing Base Multicurrency Revolving Credit Facility. In addition to the Global Borrowing Base, Aegean also announced that it has renewed its $250 Million Secured US Borrowing Base Revolving Credit Facility on improved terms. Get free access to your technical report on ANW at:
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