Lukoil(ADR)(LUKOY), Royal Dutch Shell Plc(RYDAF) and Arcelormittal SA NEW(AMSYF) All Trend Lower On Light Trading. Are They Now Undervalued?
New York, NY – GDP INSIDER – 03/16/2015.
This article discusses three companies: Lukoil (ADR)(OTCMKTS:LUKOY), Royal Dutch Shell Plc(OTCMKTS:RYDAF) and Arcelormittal SA NEW(OTCMKTS:AMSYF)
Lukoil(ADR)(OTCMKTS:LUKOY) continued to decline on Friday closing down 3.60% or $1.60 at $42.98 on very light trading of 0.098 million shares, compared to its three month average trading volume of 0.207 million. The oil exploration, refining and distribution company has been performing well so far this year despite the continuing fall in oil prices, with the stock up 12.06% YTD compared to the S&P 500 which is down 0.27% since the beginning of the year. This makes Lukoil one of the better performing stocks in the oil sector and worth holding on to for now.
Royal Dutch Shell Plc(OTCMKTS:RYDAF) fell back further to hit a 52 week low on Friday, closing down 3.83% or $1.13 at $28.40 on fairly active trading of 0.683 million shares, compared to its three month average trading volume of 0.167 million. With Brent Crude still trading below $60 a barrel the stock has been pummeled in recent weeks, with the board announcing on Friday that it was going to freeze dividends for this year in an effort to protect payouts to its investors. However, at this price the stock is worth holding on to for now.
Arcelormittal SA NEW(OTCMKTS:AMSYF) the integrated worldwide steel and mining company had a very quiet days trading on Friday with no shares traded compared to its three month average trading volume of 0.271 million shares. As a result the stock remained at $10.35, stopping the downward trend that it has recently been on. Overall the stock is not performing that well, with the shares down 29.64% over the last 52 weeks and 5.91% since the beginning of the year in line with most of the steel industry. Until commodities recover, it is better to sell than hold.
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