Warren Buffett’s significant investment in Occidental Petroleum signals confidence in a potential oil price rally, with analysts predicting strong upside for the stock. Helmerich & Payne and Chesapeake Energy are also positioned for growth, with forecasts of substantial EPS increases and favorable price targets from Wall Street.
Diamondback Energy Q3 2024 EPS Estimate Raised Amid Strong Financial Performance
In a recent research note, Zacks Research has revised its earnings per share (EPS) estimate for Diamondback Energy, Inc. (NASDAQ: FANG) for Q3 2024, raising it from $4.10 to $4.14. This adjustment comes as the company continues to demonstrate strong financial performance, with solid returns and increased revenue growth, reinforcing investor confidence in its future prospects.
Chevron Stock: Analysts Reiterate Buy Ratings Despite Insider Selling Trends
The bullish ratings from Mizuho Securities and RBC Capital reflect confidence in Chevron’s strategic initiatives, robust operational performance, particularly in the Permian region, and commitment to shareholder returns. Mizuho Securities’ Nitin Kumar, CFA, emphasized Chevron’s production growth, strategic project advancements, and cost management as key drivers for his Buy rating and $205 valuation.
Helmerich & Payne Q2 Earnings Preview: Analysts Expect Decline in Earnings and Revenue
Helmerich & Payne (HP), a leading oil and gas well-drilling contractor, is set to report its Q2 2024 earnings on July 24. Analysts anticipate a year-over-year decline in both earnings and revenue, with an expected EPS of $0.77, down 29.4% from the previous year, and revenues projected at $670.57 million, a 7.4% decrease.
ConocoPhillips Q2 Earnings Preview: Strong EPS Growth Expected Amid Strategic Acquisitions
ConocoPhillips (COP), based in Houston, Texas, is set to announce its Q2 earnings before the market opens on Thursday, August 1. Analysts are anticipating a robust performance with an expected earnings per share (EPS) of $2.25, marking a 22.3% increase from the year-ago quarter.
Is Apache Corp a good investment
Scotiabank reaffirmed its Sector Perform rating on Apache Corp (NASDAQ) with a price target of $30.00 after reviewing Apache’s latest quarterly information. Apache’s adjusted EPS and CFPS are projected at $0.93 and $2.99, respectively. The company reported higher-than-expected dry hole expenses and favorable outcomes in Egypt, with tax barrels surpassing…
Summary of Analyst Recommendations for Patterson-UTI Energy
Patterson-UTI Energy is a major land rig drilling contractor in the U.S. Following its 2023 merger with NexTier, it significantly expanded its pressure pumping operations and now holds nearly 20% of the North American market for drilling and completions services.
Patterson-UTI Energy Hits New 52-Week Low
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) shares reached a new 52-week low, trading as low as $9.51 and closing at $9.57, with a volume of 265,737 shares.
Diamondback Energy (FANG): Approaching Buy Point Amid Oil Price Recovery and Strong Q1 Earnings
Diamondback Energy (FANG) has been highlighted as the IBD Stock of the Day, nearing a buy point amidst a recovery in oil prices and rising demand heading into the July Fourth holiday.