Important Energy Stocks Making Moves After Earnings

0

Due in part to increased demand for their goods and services, energy businesses have reported second-quarter profits that were higher than anticipated. Due mostly to the Russia-Ukraine conflict and the recent tourism boom, there has been a dramatic rise in the demand for natural gas and oil globally in recent months. As a result, the rest of the world’s energy corporations now have a huge opportunity to access its enormous natural gas and other hydrocarbon deposits.

Insider Monkey highlights the 10 important energy stocks making moves after earnings. In Wednesday’s pre-market trading session, Precision Drilling Corporation stock showed a positive change. The corporation reported second-quarter financial results that exceeded forecasts. The quarter’s revenue increased 62 percent year over year to C$326 million. Texas-based Helix Energy Solutions Group, Inc. provides offshore energy services. Financial expectations for the second quarter were not met by the company. Helix Energy’s revenue for the quarter was $162.6 million, just above $161.9 million. In the second quarter, Liberty Energy Inc. turned a profit. For the quarter, the oilfield services company recorded earnings of 55 cents per share. The revenue was $943 million, an increase of 62 percent over the previous year. RPC, Inc. credited higher pricing and greater drilling activity for the most recent results. The Atlanta-based corporation exceeded expectations by earning 22 cents per share throughout the quarter. The $375.5 million quarterly sales likewise exceeded the $328.6 million average estimate. On Wednesday, July 27, 2022, pre-market activity saw a little increase in the price of ChampionX Corporation shares. For the second quarter, the corporation reported financial results that were better than anticipated. With $552.4 million in revenue, its manufacturing chemical technology business was the highest contributor. For more details, click 10 Important Energy Stocks Making Moves After Earnings. 

10 Important Energy Stocks Making Moves After Earnings

 

Share.