Which Integrated Energy Stocks Are Moving this Week?
Integrated energy stocks
To conclude our series on the biggest movers in the energy sector, we’ll now look at the top moving stocks from the integrated energy sector in the United States this week.
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YPF Sociedad Anónima leading integrated stocks
This week, YPF Sociedad Anónima (YPF) is at the top of our list of gainers from the integrated energy space. YPF rose from its close of $20.50 on September 22 to $21.96 on September 27—an increase of more than 7%. There was no press release from the company this week.
Since mid-August, YPF was consolidating in a narrow price range of $19.80–$21.00, just below its 50-day and 200-day moving averages. During this six-week-long consolidation, YPF was resisted by its 50-day and 200-day moving averages multiple times. However, this week, on Tuesday and Wednesday, YPF rose strongly from $20.24 to $21.96, ~8% higher than the 30-day average volume. This rise in YPF not only broke the consolidation range to the upside but also helped the stock surpass the 50-day and 200-day moving averages. As this week’s rise in YPF was supported by higher volumes, it appears that YPF has started a new uptrend.
As of September 27, YPF closed at $21.96, whereas its 50-day and 200-day moving averages stand at $20.27 and $21.62, respectively.
Other integrated energy gainers
On September 27, Exxon Mobile (XOM) announced that “it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades.” This acreage is located in the prolific Midland and Delaware basins. Exxon Mobile is one of the top operators in the Permian Basin. Currently, XOM has a ~6 BBoe (billion barrels of oil equivalent) resource base and 19 drilling rigs active in the Permian Basin.
Integrated energy losers
In general, this week, the iShares U.S. Energy ETF (IYE) is up 1.89%. IYE has exposure to integrated heavyweights like Exxon Mobile (XOM) and Chevron (CVX). In comparison, the SPDR Dow Jones Industrial Average ETF (DIA) is down marginally by 0.04% this week.
To learn more about recent Wall Street ratings on integrated stocks, see Market Realist’s series Analysts’ Favorite Integrated Energy Stocks: Here Are the Top 10.