StockCall.com Provides Stock Research on Occidental Petroleum Corp., ConocoPhillips, Chevron Corp., Statoil ASA, and Eni SpA
New York City, New York -- (June 03, 2013)
Oil prices have been under pressure in recent weeks due to a stronger U.S. dollar and weak demand, especially from China. Meanwhile, the shale boom in the U.S. has created a supply shock in the global oil market, according to a recent report from the International Energy Agency (IEA). The shale boom is likely to benefit major integrated oil and gas companies as it will boost margins in their downstream operations. On Friday, May 31, 2013, shares in major integrated oil and gas companies ended mostly lower, tracking losses in the broader market. The major movers in the sector wereOccidental Petroleum Corporation (NYSE: OXY), ConocoPhillips (NYSE: COP), Chevron Corporation (NYSE: CVX), Statoil ASA (NYSE: STO), and Eni SpA (NYSE: E) remained weak. StockCall has issued technical analysis and charting reports on OXY, COP, CVX, STO, and E. Download these free reports now at
www.stockcall.com/todaysopinions
Shares in Occidental Petroleum Corporation moved lower on Friday, tracking losses in the broader market. The stock hit an intraday high of $95.57 which is also its 52-week high, before finishing the day 2.83% lower at $92.07. So far this year, the share has gained more than 22%, outperforming the S&P 500. The company’s stock currently trades above both their 20- and 50-day moving average price of $91.28 and $85.70 respectively. Occidental Petroleum saw turnover of 9.61 million shares during Thursday’s trading session. Its beta of 1.20 implies high volatility. Download the free research on OXY today by registering at
www.StockCall.com/OXY060313.pdf
Shares in ConocoPhillips showed losses on Friday, declining 1.51% to close at $61.34. A total of 8.03 million shares were traded during the session, while its average daily trading volume stands at 7.11 million. The stock oscillated between $61.34 and $62.65 during the session. Over the past five trading days, the stock declined 3.11% while the markets wavered. So far this year, the share has increased 7.48%. ConocoPhillips’ shares have mildly high volatility with beta of 1.10. The company commands market capitalization of $75 billion. Sign up and have access to our free report on COP at
www.StockCall.com/COP060313.pdf
Chevron Corporation’s stock ended lower on Friday, down 1.89% at $122.75. A total of 7.91 million shares were traded. With the wider market swaying sideways during the past five trading sessions, the company’s shares declined 0.54%. The stock has added 15.31% so far this year. During Friday’s session, the stock traded between $122.75 and $125.30 while its 52 weeks trading range stands at $95.73 and $127.24. The company commands market capitalization of $237.95 billion. Its stock is mildly volatile as implied by its beta of 0.77. Sign up and read the complimentary report on CVX at
www.StockCall.com/CVX060313.pdf
Statoil ASA’s stock hit an intraday low of $5.86 to finish the day 0.33% lower at $6.00, its intraday high. A total of 3.33 million shares were traded in comparison to its usual trading volume of 4.39 million shares. The stock is up 9.29% so far this year. In the past 52 weeks, the stock traded between $4.09 and $6.19. STO shows mild volatility as implied by its beta of 1.14. The stock is currently trading above its 20-day moving average price of $5.90 and 50-day moving average price of $5.71, showing a bullish trend. The free report on STO can be downloaded by signing up now at
www.StockCall.com/STO060313.pdf
Eni SpA’s stock tanked on Friday, finishing 3.02% lower at $45.31. A total of 579,058 shares were traded during the session. The stock’s usual trading volume stands at 336,911 shares. In the past 52 weeks, the stock traded between $36.59 and $52.27. The company commands market capitalization of $82.33 billion. Free report on E can be accessed by registering at
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