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Plunging oil prices and the economic impact of the coronavirus could prompt a potential wave of debt restructurings and bankruptcies , especially in the energy and services sectors, analysts say. More news on: Oasis Petroleum Inc., Chesapeake Energy Corporation, Whiting Petroleum Corporat...
Oil prices tumbled again today as they continue to bounce around following the collapse of an oil market support agreement between Russia and OPEC. WTI, the U.S. benchmark, fell nearly 5% by 3:15 p.m. EST on Wednesday, pressured in part by OPEC's forecast that oil demand won't grow this year be...
Energy stocks ( XLE -3.3% ) take their customary place at the bottom of the S&P 500 sector standings, with crude oil down another ~2% after Saudi Arabia unveiled plans to raise its production capacity by a further 1M bbl/day to 13M bbl/day. More news on: Energy Select Sector S...
All but two of the 50 worst performing bonds of the day came from the energy sector, Reuters reports, led by a 6.875% January 2020 Oasis Petroleum (NASDAQ: OAS ) bond that has lost roughly half its value since Friday and traded at less than $0.27 on the dollar. More news on: Oasis Petrol...
Crude oil is having one of its worst days in years. At this writing, both Brent and West Texas crude futures are down 8%, extending a two-week sell-off that has seen oil lose nearly one-quarter of its value. Today's big drop is being driven by worries that an already oversupplied global oil mar...
Gainers: Digirad DRAD +122% . More news on: Tocagen Inc., Menlo Therapeutics Inc., ObsEva SA, Stocks on the move, , Read more ...
TransEnterix (NYSEMKT: TRXC ) -57% after pricing equity offering. More news on: TransEnterix, Inc., American Outdoor Brands Corporation, Bionano Genomics, Inc., Stocks on the move, , Read more ...
Crude oil prices are falling sharply again on Feb. 27, continuing a week-long sell-off as coronavirus outbreaks spread and fears of a global economic slowdown take hold. As of 12:26 p.m. EST, both Brent and West Texas crude futures had lost more than 2% of their value. If today's decline holds, ...
Nabors Industries Ltd. ( NBR ) has recently failed to live up to analysts' expectations on revenue but outperformed on adjusted earnings per share. Bearish traders opportunistically reacted to the news and the share price went south in the morning on February 21 but later during the day quic...
Crude oil prices tumbled on Monday. Both WTI (the U.S. benchmark) and Brent (the global benchmark) fell about 4.5% by 10:45 a.m. EST to $51 and $55.75 a barrel, respectively. That slump in the oil market weighed heavily on energy stocks , especially shares of financially weaker compan...
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Nabors Announces First Quarter 2024 Results PR Newswire HAMILTON, Bermuda , April 24, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported first quarter 2024 operating revenues of $734 million , compared to o...
Pegasystems Inc. (PEGA) is expected to report $0.2 for Q1 2024 Masco Corporation (MAS) is expected to report $0.87 for Q1 2024 Avery Dennison Corporation (AVY) is expected to report $2.15 for Q1 2024 Vista Energy S.A.B. de C.V. American Depositary Shares each representing one series A...
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 11, 2024 (GLOBE NEWSWIRE) -- Nubian Resources Ltd. (TSX-V: NBR | OTCQB: NBRFF) (“Nubian” or the “Company”) is pleased to announce that the Company...