BP (BP) was trading 10% below its 100-day moving average as of February 23, 2016. Currently, the stock is at $29. It’s below the important psychological level of $30. The stock reached a 52-week low of ~$27.64 on February 11, 2016. Currently, the stock trades 5% above its 52-week low.
Royal Dutch Shell (RDS.A) and Total (TOT) are trading 1% and 1.5% above their respective 20-day moving averages, respectively. Since January 27, 2016, Royal Dutch Shell traded above its 20-day moving average. Total managed to cross its 20-day moving average as of February 12. As of February 12, Royal Dutch Shell and Total are trading 5.5% and 1.4% above their respective 20-day moving averages. As of February 23, 2016, the four large-cap European (FEZ) oil and gas companies shown in the above table are trading at an average of 9% below their respective 100-day moving averages.
Wall Street analysts’ consensus estimates suggest an average 29% upside for these European energy companies. In comparison, analysts’ consensus upside estimate for large-cap, US-based (SPY) integrated companies is 5.4%.
Over the next 12 months, BP and Royal Dutch Shell could see rises of 23% and 24%, respectively, from their current levels as of February 23, 2016. Total and Eni (E) could rise by 18.5% and 48.5%, respectively, over the next 12 months.