On Friday, December 4, 2015, the stocks at the bottom of the SPDR Euro Stoxx 50 ETF (FEZ) were Total (TOT), Eni (EAA), Repsol, Orange (ORAN), and Telefonica (TEF). These stocks yielded -2.2%, -1.4%, -1.3%, -1.5%, and -1.6%, respectively. Most of these stocks belong to the oil and gas industry.
Oil and gas stock performances as per moving averages
The year-to-date return of the Energy Select Sector SPDR ETF (XLE) was -18% as of December 4, 2015. The year-to-date returns for oil and gas stocks Total, Eni, and Repsol were 2.1%, 0.68%, and -26%, respectively, on the same day. Earlier, we discussed why oil and gas stocks fell on December 4. Now let’s analyze their performances using their moving averages.
The table above shows the moving averages, forward target prices, and returns of Total, Eni, and Repsol. Total was trading on par with its 100-day moving average, 3% below its 50-day moving average, and 6% below its 20-day moving average.
Eni was trading 3%, 2.5%, and 2.3% below its 100-day, 50-day, and 20-day moving averages, respectively. Repsol was trading 9%, 2%, and 4% below its 100-day, 50-day, and 20-day moving averages, respectively.
Analysts’ estimates indicate upsides of 9.3%, 8.6%, and 19% for Total, Eni, and Repsol, respectively, from their current levels as of December 4, 2015, over the next 12-month period.
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