Shares of energy stocks are trading lower amid a pullback in oil.
Portfolio Pulse from Benzinga Newsdesk
Energy stocks are trading lower due to a pullback in oil prices. The stocks mentioned include BKR, HAL, PTEN, TPL, and VLO.
September 29, 2023 | 6:25 pm
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NEGATIVE IMPACT
Baker Hughes (BKR) stock is trading lower due to a pullback in oil prices.
As an energy company, Baker Hughes' stock price is directly influenced by oil prices. A pullback in oil prices often leads to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Halliburton (HAL) stock is trading lower due to a pullback in oil prices.
As an energy company, Halliburton's stock price is directly influenced by oil prices. A pullback in oil prices often leads to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Patterson-UTI Energy (PTEN) stock is trading lower due to a pullback in oil prices.
As an energy company, Patterson-UTI Energy's stock price is directly influenced by oil prices. A pullback in oil prices often leads to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Texas Pacific Land (TPL) stock is trading lower due to a pullback in oil prices.
As a land trust with oil and gas royalties, Texas Pacific Land's stock price is directly influenced by oil prices. A pullback in oil prices often leads to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Valero Energy (VLO) stock is trading lower due to a pullback in oil prices.
As an energy company, Valero Energy's stock price is directly influenced by oil prices. A pullback in oil prices often leads to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100