Eni Spa made a 52-week low of $24.73 as of February 11, 2016. Since then, the stock continuously moved up. Eni is 7% above its 52-week low. After October 2015, Eni struggled to cross its 20-day moving average. In the past year, the stock wasn’t able to stay above its 100-day moving average.
The four large-cap European (FEZ) oil and gas companies shown in the above table are trading 9.4% below their respective 100-day moving averages. In particular, Royal Dutch Shell (RDS.A) trades 4.5% below its 100-day moving average.
Wall Street analysts’ consensus estimates
Wall Street analysts’ consensus estimates suggest a 29% upside for these European energy companies. You can compare that to the 6% upside consensus estimate for large-cap US-based (SPY) integrated companies. Over the next 12 months, BP and Royal Dutch Shell could see rises of 23% and 21%, respectively, from their current levels as of February 16, 2016. The above chart shows the moving averages and analysts’ estimates for these European oil and gas companies.
In the next part, we’ll discuss the moving averages and analysts’ estimates for clean energy companies.