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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.68% per year. These returns cover a period from January 1, 1988 through August 5, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
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Zacks News
BP Faces Pressure Against Investment in Energy Transition
by Zacks Equity Research
BP (BP) is being urged to curb further investment toward cleaner energy solutions and focus more on oil and gas output.
RPC (RES) Q4 Earnings Top Estimates on Pressure Pumping
by Zacks Equity Research
RPC (RES) reports a debt-free balance sheet as its Q4 earnings benefit from pressure pumping.
Enerplus (ERF) Q4 Production Outperforms Guidance
by Zacks Equity Research
Enerplus' (ERF) fourth-quarter 2023 production surpasses guidance. However, the company anticipates a fall in first-quarter 2024 production due to a winter storm in January.
Tullow's (TUWOY) Free Cash Flows Surpass 2023 Guidance
by Zacks Equity Research
Tullow's (TUWOY) 2023 revenues increase 25% from the previous year's level. Free cash flows also exceed the prior-year figure. The company shows exceptionally well drilling performance despite setbacks in the Jubilee field.
Repsol (REPYY) to Resume Exploration Activities in Libya
by Zacks Equity Research
Repsol (REPYY) is set to resume operations in the blocks NC115 and NC186 after a three-week shutdown gets lifted from the Al-Sharara oilfield.
Harbour (HBRIY) Warns a Hit to 2023 Production, Shares Drop
by Zacks Equity Research
Harbour (HBRIY) closes in the red after its declaration of a decline in production, lower year-over-year revenues and increased operating costs.
Harbour (HBRIY) Propels Energy Reserves Exploration Efforts
by Zacks Equity Research
Harbour (HBRIY) begins drilling the Gayo-1 exploration well in the Andaman Sea after the successful discovery of natural gas reserves in the Layaran-1 project.
How Smart Acquisitions Are Fueling Growth in the Energy Sector
by Turjya Saha
The year 2023 reshaped the oil and gas industry as companies like ExxonMobil, Chevron, OXY and Harbour Energy made strategic, eco-friendly moves, setting industry trends.
Transocean (RIG) Q3 Loss Wider Than Expected, Revenues Miss
by Zacks Equity Research
Transocean (RIG) expects adjusted contract drilling revenues of $760 million in the fourth quarter of 2023, based on a fleet-wide revenue efficiency of 96.5%.
TechnipFMC (FTI) Q3 Earnings and Sales Beat Estimates
by Zacks Equity Research
TechnipFMC (FTI) expects free cash flow in the band of $225-$375 million. It also projects capital expenditure of $250 million for 2023.
NOV Q3 Earnings Disappoint, Revenues Increase Year Over Year
by Zacks Equity Research
NOV expects revenues to increase 1-3% in the fourth quarter of 2023, with EBITDA flow-through in the low to mid-30% range.
Oceaneering (OII) Q3 Earnings Beat Estimates, Revenues Lag
by Zacks Equity Research
Oceaneering (OII) expects consolidated EBITDA in the range of $275-$295 million for 2023, and free cash flow in the band of $90-$130 million.
Nabors (NBR) Q3 Earnings Fall Y/Y, Sales Miss Estimates
by Zacks Equity Research
Nabors (NBR) expects adjusted free cash flow in the range of $165-$190 million and $225-$250 million for fourth-quarter and full year 2023, respectively.
Chevron's (CVX) Q3 Earnings Disappoint, Revenues Beat
by Zacks Equity Research
Chevron (CVX) paid $2.9 billion in dividends during the third quarter and repurchased shares worth $3.4 billion.
Helmerich & Payne (HP) Reveals Fiscal 2024 Financial Strategy
by Zacks Equity Research
Helmerich & Payne (HP) discloses its fiscal 2024 strategy, featuring quarterly dividends, shareholder returns, repurchases and strategic investments for future growth.
Should Value Investors Buy Harbour Energy (HBRIY) Stock?
by Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Liberty Energy (LBRT) Q3 Earnings and Revenues Beat Estimates
by Zacks Equity Research
Liberty Energy (LBRT) expects adjusted EBITDA growth of 30-40% in 2023, with a slight fracking activity increase in 2024 but a minor decrease in the fourth quarter.
Shell (SHEL) Calls Off EPCI Deal for Project in Singapore
by Zacks Equity Research
Shell (SHEL) terminates a vital EPCI contract with Sapura Energy in Singapore's pipeline project, raising questions about its future.
Petrobras (PBR), Ocyan Partner to Revitalize Gas Pipeline
by Zacks Equity Research
Petrobras (PBR) awards a $317.49-million contract to Ocyan for revitalizing Campos Basin gas pipelines, ensuring supply and reducing costs.
Chevron (CVX), Labor Unions Discuss Pay & Conditions Agreement
by Zacks Equity Research
Chevron's (CVX) Australian unit collaborates with labor unions to resolve LNG facility disputes in Australia amid strikes.
Petrobras (PBR) and Norway Partner for Energy Transition
by Zacks Equity Research
Petrobras (PBR) seeks collaboration with Norwegian firms for equitable energy transition, emphasizing positive impacts and new partnerships.
APA Expects Strong Q3 Production and Oil Output Amid Challenges
by Zacks Equity Research
APA anticipates strong Q3 results, driven by Permian oil and U.K. North Sea output, with favorable pricing and a positive outlook despite challenges.
TC Energy's (TRP) Keystone Pipeline Restarts at 50% Capacity
by Zacks Equity Research
TC Energy's (TRP) Keystone crude oil pipeline is back at 50% capacity, after being halted for maintenance work.
Shell (SHEL) Launches Renewable Diesel at 75 LA Stations
by Zacks Equity Research
Shell (SHEL) offers low-carbon renewable diesel at 75 Los Angeles stations that will help reduce emissions, improve air quality and support sustainability.
TechnipFMC (FTI) Wins Petrobras' Flexible Pipe Contract
by Zacks Equity Research
TechnipFMC (FTI) secures a major contract with Petrobras, supplying flexible pipes for Brazil's pre-salt fields, reaffirming expertise in oil and gas solutions.