Shares of energy companies are trading lower as oil pulls back following weekly strength.
Portfolio Pulse from Benzinga Newsdesk
Shares of energy companies are trading lower as oil prices pull back after a strong week. This impacts a range of energy companies including BPT, CNQ, CPE, HES, MRO, MTDR, OVV, PR, TTE, VET, XOM.
July 14, 2023 | 5:20 pm
News sentiment analysis
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NEGATIVE IMPACT
BPT's stock is trading lower due to a pullback in oil prices.
As an energy company, BPT's stock price is directly influenced by oil prices. The pullback in oil prices is causing a decrease in BPT's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
CNQ's stock is trading lower due to a pullback in oil prices.
As an energy company, CNQ's stock price is directly influenced by oil prices. The pullback in oil prices is causing a decrease in CNQ's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
CPE's stock is trading lower due to a pullback in oil prices.
As an energy company, CPE's stock price is directly influenced by oil prices. The pullback in oil prices is causing a decrease in CPE's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
HES's stock is trading lower due to a pullback in oil prices.
As an energy company, HES's stock price is directly influenced by oil prices. The pullback in oil prices is causing a decrease in HES's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
MRO's stock is trading lower due to a pullback in oil prices.
As an energy company, MRO's stock price is directly influenced by oil prices. The pullback in oil prices is causing a decrease in MRO's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
MTDR's stock is trading lower due to a pullback in oil prices.
As an energy company, MTDR's stock price is directly influenced by oil prices. The pullback in oil prices is causing a decrease in MTDR's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
OVV's stock is trading lower due to a pullback in oil prices.
As an energy company, OVV's stock price is directly influenced by oil prices. The pullback in oil prices is causing a decrease in OVV's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
PR's stock is trading lower due to a pullback in oil prices.
As an energy company, PR's stock price is directly influenced by oil prices. The pullback in oil prices is causing a decrease in PR's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
TTE's stock is trading lower due to a pullback in oil prices.
As an energy company, TTE's stock price is directly influenced by oil prices. The pullback in oil prices is causing a decrease in TTE's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
VET's stock is trading lower due to a pullback in oil prices.
As an energy company, VET's stock price is directly influenced by oil prices. The pullback in oil prices is causing a decrease in VET's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
XOM's stock is trading lower due to a pullback in oil prices.
As an energy company, XOM's stock price is directly influenced by oil prices. The pullback in oil prices is causing a decrease in XOM's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100