How Are South American Energy Companies Stacking Up?
Why the Iranian Election Has Crude Investors Worried
Moving averages
Petrobras (PBR) and YPF (YPF) are trading at an average of 7% below their respective 100-day moving averages. Petrobras is trading 21% below its 100-day moving average, and YPF is trading 8% above its 100-day moving average.
On February 16, 2016, YPF was trading 5.4% below its 100-day moving average. On February 17, the stock crossed its 100-day moving average. Since, June 2015, the stock has struggled to cross its 100-day moving average.
YPF is trading 10% above its 20-day moving average. Petrobras is trading 4% above its 20-day moving average.
On average, US-based (SPY) integrated oil and gas companies ExxonMobil (XOM), Chevron (CVX), and Occidental Petroleum (OXY) are trading near their respective 100-day moving averages.
Petrobras and YPF represent large-cap South American ADRs (American depositary receipts) in the oil and gas sector. Petrobras is a Brazil-based (EWZ) integrated oil and gas company. YPF is an Argentina-based integrated oil and gas company. ExxonMobil and Chevron represent large-cap US energy companies.
Analysts’ estimates
Wall Street analysts’ consensus estimates indicate an average 16% upside for South American oil and gas companies Petrobras and YPF. Petrobras could be flat for the next 12 months. YPF could rise by 34%. The table above shows the moving averages and analysts’ estimates for these companies.
In the next part, we’ll discuss moving averages and analysts’ estimates for clean energy companies such as FuelCell and SolarCity.
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