X
<

Mid-Week Energy Sector Update: Crude Oil Takes the Lead

PART:
1 2 3 4 5 6 7 8
Part 8
Mid-Week Energy Sector Update: Crude Oil Takes the Lead PART 8 OF 8

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.

Which Integrated Energy Stocks Are Moving this Week?

Interested in YPF? Don't miss the next report.

Receive e-mail alerts for new research on YPF

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

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

Other notable gainers in the integrated energy group are China National Offshore Oil Corporation (CEO) and Exxon Mobile (XOM). These stocks rose 3.78% and 1.89%, respectively, so far this week.

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

The integrated energy losers this week are Petrobras (PBR) and Total SA (TOT). These stocks are down 3.29% and 1.41%, respectively, this week.

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.

X

Please select a profession that best describes you: