Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. The group has been falling alongside crude oil prices, which are down about 60 percent since June. That drop has led to not only weaker shares - the S&P Energy index is one of the worst-performing groups of 2015, and it was last year's worst - but also sharply lower earnings estimates for both the current quarter and the full year. http://yhoo.it/1DqAear http://bit.ly/1fJ5yqZ
Energy May See Further Weakness as Key Names Report
Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. The group has been falling alongside crude oil prices, which are down about 60 percent since June. That drop has led to not only weaker shares - the S&P Energy index is one of the worst-performing groups of 2015, and it was last year's worst - but also sharply lower earnings estimates for both the current quarter and the full year. http://yhoo.it/1DqAear http://bit.ly/1fJ5yqZ
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment