Last updated on April 17, 2014 at 8:38 EDT

Today’s Research on Apache, Ultra Petroleum, Range Resources, and Endeavour Intl.

April 15, 2013

LONDON, April 15, 2013 /PRNewswire/ –

The oil & gas industry has been increasing capital expenditure as it looks for new oil
and gas fields to boost production amid growing demand for energy from countries such as
China and India. The shale oil and gas boom in the U.S. has enabled several companies to
boost production. In fact, the U.S. is expected to overtake Saudi Arabia in the next few
years as the world’s largest oil producer, thanks to shale boom. For companies such as
Apache Corporation (NYSE: APA), Ultra Petroleum Corp. (NYSE: UPL), Range Resources Corp.
(NYSE: RRC), and Endeavour International Corporation (NYSE: END), the shale revolution
offers significant opportunities. Last Friday, oil and gas stocks ended mostly lower as
the broad market struggled following the release of some weak economic data. StockCall
professionals have completed their technical analysis on APA, UPL, RRC, and END and these
free reports are accessible by registering at


Shares of Apache Corporation edged lower on Friday. The stock closed 1.87% lower at
$75.09 on above average volume of 3.67 million. Apache’s shares have traded sideways in
the last few weeks, struggling to break through $77 resistance level. The stock currently
has strong support at around $74. Shares of APA are currently trading well below their
50-day and 200-day moving averages, which is a bearish signal. The stock’s MACD is also
trading below the signal line, which further confirms the downbeat trend. Sign up for the
free technical research on APA at


Shares of Ultra Petroleum Corp. edged higher in Friday’s trading session, extending
its gains for the week. The stock closed 0.51% higher at $21.83 on volume of 3.77 million,
taking its gains in the last three trading sessions to over 7.30%. Ultra Petroleum’s
shares have seen a series of highs in the last few sessions, which is a bullish signal.
The stock’s MACD has also crossed above the signal line, and is also trading above the
zero-line, which further confirms the upbeat trend. The company’s shares are also trading
above their 50-day and 200-day moving averages. Be sure to read our latest technical
research on UPL by registering at


Shares of Range Resources Corp. fell sharply in trading on Friday. The stock ended the
day 1.72% lower at $78.91 on volume of 1.13 million. The company’s shares are currently
facing stiff resistance at around $82. The stock is currently trading more than 5% below
its 52-week high. Shares of RRC have had an excellent run thus far in 2013, gaining more
than 25%, compared to a gain of more than 11.40% for the S&P 500. Sign up and read the
complimentary report on RRC at


Endeavour International Corporation’s shares were among the major losers in the oil
and gas sector on Friday. The stock closed 5.41% lower at $2.80 on volume of 346,500 after
touching an intra-day low of $2.77. Endeavour’s shares are currently trading close to
their 52-week low of $2.77. The stock has fallen nearly 46% so far this year, even as the
broad market rallied. It is also trading well below its 50-day and 200-day moving
averages. The free report on END can be downloaded by signing up now at


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Source: PR Newswire