This Week’s Integrated Energy Losers: E, YPF, and PTR
Eni is the top integrated energy loser so far this week
Eni (E) is the top-losing stock so far this week (beginning September 18, 2017) in the integrated energy sector. Eni has fallen from last week’s close of $32.98 to $32.70 on September 20, or by 0.85%.
While there’s no specific news release by the company, Eni is trading above its 50-week moving average but below its 200-week moving average.
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Eni is now facing resistance from its 200-week moving average. As of September 20, 2017, Eni’s 50-week and 200-week moving averages stand at $30.13 and $32.85. In May 2017, Eni made an unsuccessful attempt to regain its 200-week moving average.
Other integrated energy declining stocks
Other integrated energy losers this week include YPF SA (YPF) and PetroChina (PTR), which have fallen 0.64% and 0.09%, respectively, so far. As of September 20, PTR is trading at $63.33, which isn’t too far from its 52-week low of $59.83. PTR stock has fallen 16% in the past six months.
So far this week, the Vanguard Energy ETF (VDE) has risen ~1.7%, compared with the SPDR S&P 500 ETF’s (SPY) rise of 0.35%. VDE has exposure to integrated heavyweights like ExxonMobil (XOM) and Chevron (CVX).
To read more about what’s happening in energy commodities, check out Market Realist’s series Are US Crude Oil Traders Getting Nervous Near $50?