Technical Roundup on Oil & Gas Stocks -- Royal Dutch Shell, YPF S.A., Ecopetrol, and MagneGas
January 27, 2017 at 07:55 AM EST
NEW YORK, January 27, 2017 /PRNewswire/ --
Operators in the Major Integrated Oil and Gas space deal with the entire value chain of oil and gas. Their roles include finding the initial oil or gas reservoir, putting gasoline in vehicles, and supplying natural gas to local utilities. Pre-market, Stock-Callers.com draws attention to four industry players, which are Royal Dutch Shell PLC (NYSE: RDS-A), YPF S.A. (NYSE: YPF), Ecopetrol S.A. (NYSE: EC), and MagneGas Corp. (NASDAQ: MNGA). Sign up today and download for free the research reports for the stocks covered today at:
Royal Dutch Shell
The Hague, the Netherlands headquartered Royal Dutch Shell PLC's stock finished Thursday's session 1.01% lower at $55.09, with a total trading volume of 2.77 million shares. Over the last month and the previous three months, the Company's shares have advanced 1.81% and 11.10%, respectively. Additionally, the stock has gained 1.31% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 3.75% and 9.38%, respectively. Moreover, shares of Royal Dutch Shell, which operates as an independent oil and gas company worldwide, have a Relative Strength Index (RSI) of 56.01.
On January 04th, 2017, research firm RBC Capital Markets upgraded the Company's stock rating from 'Sector Perform' to 'Outperform'.
On January 22nd, 2017, Shell announced that the Company and SABIC have signed an agreement whereby SABIC will acquire Shell's 50% share in the petrochemicals SADAF joint venture, located in Jubail, Kingdom of Saudi Arabia for $820 million. The SADAF joint venture encompasses six world-scale petrochemical plants with a total output of more than 4 million metric tons per year. RDS-A complete research report is just a click away at:
Shares in Buenos Aires, Argentina-based YPF S.A. declined 1.20%, ending yesterday's session at $22.14. A total volume of 1.96 million shares was traded, which was above their three months average volume of 1.30 million shares. The stock has gained 45.66% in the past month, 18.84% in the previous three months, and 34.18% on an YTD basis. The Company's shares are trading 27.35% above their 50-day moving average and 19.35% above their 200-day moving average. Moreover, shares of YPF, which engages in the exploration, development, and production of crude oil, natural gas, and liquefied petroleum gas, have an RSI of 76.49.
As per a SEC filing dated January 16th, 2017, the chairman of YPF, Miguel Angel Gutiérrez, and the President of Yacimientos Petroliferos Fiscales Bolivianos ("YPFB"), Guillermo Achá, signed on January 16th, 2017, a contract for the exploration and development of the Charagua block, located in Santa Cruz de la Sierra. This agreement is a new step in the partnership between YPF and YPFB and arises from the first understanding reached by both companies in July 2016, which was authorized by Bolivia´s Legislative Assembly. The complimentary report on YPF can be downloaded at:
On Thursday, Bogota, Colombia-based Ecopetrol S.A.'s stock saw a slight decline of 0.11%, to close the day at $9.45, with a total trading volume of 549,751 shares. The Company's shares have advanced 6.18% in the last one month, 3.85% in the previous three months, and 4.42% on an YTD basis. The stock is trading 6.15% and 4.65% above its 50-day and 200-day moving averages, 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 US Gulf Coast, have an RSI of 58.80.
On December 15th, 2017, Ecopetrol announced a hydrocarbon discovery in the Warrior exploratory well, located in the Green Canyon area in the Gulf of Mexico. The well is operated by Anadarko Petroleum Corp., with Anadarko US Offshore LLC owning 65% of the block. Ecopetrol America Inc. owns 20% and MCX Exploration (USA) LLC owning the remaining 15%. Sign up for your complimentary report on EC at:
Shares in Tarpon Springs, Florida-based MagneGas Corp. ended the day 6.11% lower at $0.52. A total volume of 424,277 shares was traded. The stock has gained 12.65% in the last one month and 14.74% since the start of this year. The Company's shares are trading above their 50-day moving average by 6.26%. Furthermore, 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 55.46.
On January 24th, 2017, MagneGas announced that it has expanded into the Indiana market with direct sales of industrial gases, welding supplies, and MagneGas2® as a result of recurring sales to a Fortune 100 top US automaker in the region. In July 2016, the Company announced that a US automaker had adopted MagneGas2 for an initial manufacturing facility. This relationship expanded to include a second facility in Indiana in October 2016. Download the research report for free on MNGA at:
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