Canadian Energy Companies’ Moving Averages and Analysts’ Estimates
Weaker Dollar or Geopolitical Turmoil: What's Impacting Crude Oil?
Moving averages
Canadian integrated oil and gas companies, Imperial Oil (IMO) and Suncor Energy (SU) are trading 12.4% below their respective 100-day moving averages. Imperial Oil trades 9% below its 100-day moving average. Suncor Energy trades 16% below its 100-day moving average. US-based (SPY) integrated oil and gas companies such as ExxonMobil (XOM), Chevron (CVX), and Occidental Petroleum (OXY) are trading 3% below their 100-day moving averages.
After making a high of $45.37 in April 2015, Imperial Oil has been in a continuous downtrend. Currently, the stock trades ~32% below its 52-week high. Its 52-week low lies about $26.50. The stock rebounded from the 52-week low. Currently, it’s trading at $31.40 as of February 5.
Imperial Oil and Suncor Energy represent large-cap Canadian ADRs (American depositary receipts) in the oil and gas sector. Imperial Oil and Suncor Energy are Canada-based integrated oil and gas companies.
Analysts’ estimates
Wall Street analysts’ consensus estimates indicate a 15% upside for these Canadian oil and gas companies compared to the 8.7% upside of US-based integrated oil and gas companies. Imperial Oil could rise by 8% in the next 12 months. Suncor Energy could rise by 21.5%. The above table shows the moving averages and analysts’ estimates for these oil and gas companies.
In the next part, we’ll discuss the moving averages and analysts’ estimates for South American oil and gas companies.
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