The four large-capped European (FEZ) oil and gas companies shown in the table below are trading 9% below their respective 100-day moving averages. In particular, Royal Dutch Shell (RDS.A) trades 14% below its 100-day moving average and recently made a 52-week low of $36.9 as of January 20, 2016. The stock currently trades at $41.8. The 52-week high lies around the price range of $66–$67. Additionally, the stock currently trades 38% below its 52-week highs.
In the last one year, Royal Dutch Shell struggled to cross its 100-day moving average in May and October 2015, though it rebounded from those levels.
Wall Street analysts’ consensus estimates suggest a 30% upside for these European energy companies. You can compare that to the 11.7% upside consensus estimate for large-cap US-based (SPY) integrated companies. Over the next 12 months, BP (BP) and Royal Dutch Shell (RDS.A) could see rises of 25% and 28%, respectively, from their current levels, as of January 27, 2016. Below is a rundown of two other European (EZU) energy companies and Wall Street analysts’ estimates:
- Total could see a 22% rise over the next 12 months.
- ENI Spa could rise by 47% over the next 12 months.