Large-Cap Oil Earnings: What to Watch

Report post

Keeping at eye on these earnings: 

Today (Monday): Halliburton (HAL)

Wednesday: Hess (HES)

Thursday: ConocoPhillips (COP)

Friday: Exxon, Chevron

Of these, should note that two (COP, HES) have actually seen some boost from increased oil prices. Both up 20% so far this year. 

Share this post


Link to post
Share on other sites

Report post

$HAL Net income for Q1--finally, compared to loss in Q1 2017. Still, it's trading down on the day. They hit analyst forecasts, so not sure why the fall here.

Share this post


Link to post
Share on other sites

Report post

Most of them are trading down despite good fundamentals. Technicals looks pretty good for oil prices, too. But some analysts saying that a strong open today would signal higher prices for the week, while weak open would signal short-term price retracement back to the $66.70 per barrel support level. So still not so sure how much the earnings are going to affect these stocks. I would think HAL would shine but nothing is as it seems, and HES and COP have been the best performers. 

 

Share this post


Link to post
Share on other sites

Report post

sure is nice to talk about REAL fundamentals ... 

but it's not helping HAL stock any: 

 

Screen Shot 2018-04-24 at 12.41.14 PM.png

Share this post


Link to post
Share on other sites

Report post

It seems that investors are not too happy with the oil industry's long-term prospects despite the robust results and result projections. 

Share this post


Link to post
Share on other sites

Report post

Hess Q1 financials in today. Smaller than forecasted loss, stock up 1.72% on the day.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0