| Moving Averages and Analyst Estimates for Oil and Gas Companies | |
| | |
|
A Look into Energy Benchmarks before a Probable Rate Hike (Continued from Prior Part) Moving averages
The oil and gas drilling sub-industry is trading below its 100-day moving average. However, integrated oil and gas company Chevron traded 5% below its 100-day moving average, while ExxonMobil (XOM) traded 3% above its 100-day moving average. Also, Occidental petroleum (OXY) was trading 6.2% below its 100-day moving average as of December 11. In addition, oil and gas drilling companies Transocean (RIG) and Ensco (ESV) traded 6.6% below their 100-day moving average on an average basis.
Transocean and Ensco also traded 7.6% and 8%, respectively, below their respective 20-day moving averages. Finally, the Energy Select Sector SPDR ETF (XLE) traded 8.3% below its 100-day moving average and and 7.4% below its 20-day moving average.
Consensus Wall Street analysts’ estimate
The estimate suggests that integrated oil and gas may rise by an average of 13% compared to 1.4% for oil and gas drilling companies. Integrated oil and gas companies Occidental, Chevron, and ExxonMobil may rise by 20%, 8.9%, and 10%, respectively, over the next 12 months. Also, oil and gas drilling companies Transocean and Diamond Offshore may fall by 5.6% and 7.3%, respectively, over the next 12 months.
On the other hand, oil and gas drilling companies Helmerich & Payne (HP) and Ensco (ESV) may rise by 9.7% and 8.8%, respectively, over the next 12 months. The table above shows moving averages and target price for next 12 months for the above-mentioned stocks.
Browse this series on Market Realist:
|
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Occidental Petroleum est une société de production minière de pétrole basée aux Etats-Unis D'Amerique. Occidental Petroleum est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 51,8 milliards US$ (48,4 milliards €). La valeur de son action a atteint son plus haut niveau récent le 16 mars 2012 à 99,99 US$, et son plus bas niveau récent le 16 octobre 2020 à 10,00 US$. Occidental Petroleum possède 764 580 032 actions en circulation. |