Short interest in oil and gas stocks was mixed in the reporting period that ended February 14. Crude prices did not begin to tumble until a week later, however.
The energy sector dropped more than 4.5% Monday to continue its slide since the beginning of the year.
The impact of the spreading coronavirus has hit the energy sector particularly hard. Here are some of Monday's biggest losers.
BP on Wednesday announced plans to become a net zero emitter of carbon dioxide by 2050. Details won't be announced until September.
Crude oil prices have fallen since the outbreak of coronavirus in China was revealed in early January. Short sellers have been selective with their bets and continue to be so.
Norway's state-controlled oil giant, Equinor, announced Thursday that it plans to cut its carbon intensity by 50% over the next 30 years. Success depends on lowering the company's dependence on oil and…
Monday's top analyst upgrades, downgrades and initiations included Aimmune Therapeutics, Amgen, Biogen, Chevron, CRISPR, Exxon Mobil, Nike, Snap, Uber, Ulta Beauty and Verizon.
Chevron reported a quarterly net loss before markets opened Friday. Impairment charges had been revealed, but weaker pricing contributed to the poor showing.
Paul Ausick Friday will bring key earnings reports from Chevron and Exxon Mobil before the opening bell. These reports may create positive or negative waves throughout the energy sector.
Short interest has increased on four of six energy stocks we track. Crude prices have been hit hard by worries over the impact of the coronavirus outbreak on demand for oil. Short…
24/7 Wall St. has put together a preview of those Dow Jones industrials scheduled to report their quarterly results this week.
It turns out that those temporary inflation fears that pop up from time to time get a reprieve every time the price of oil tanks.
Thursday's top analyst upgrades, downgrades and initiations included Abbott Laboratories, Chevron, Cimarex, DocuSign, General Electric, IBM, Micron Technology, Microsoft, Nvidia, Tesla and Western Digital.
Short interest in oil and gas stocks rose in the final two weeks of December. Since then, crude prices have been volatile due to the confrontation between the United States and Iran,…
Merrill Lynch had been trying to remain firm in the energy sector, but it just lowered its energy sector exposure from its model income portfolio at the start of 2020.
