Shares of energy stocks are trading higher amid a rise in oil and gas prices.
Portfolio Pulse from Benzinga Newsdesk
Energy stocks are experiencing an uptick due to an increase in oil and gas prices, positively impacting companies like AR, CNX, CTRA, EQT, OVV, RRC, and SWN.
February 21, 2024 | 8:28 pm
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POSITIVE IMPACT
Antero Resources' stock is likely to see a short-term increase due to rising oil and gas prices.
As an energy company, AR's stock performance is closely tied to oil and gas prices. The current increase in these prices suggests a positive short-term impact on AR's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
CNX Resources is expected to benefit in the short term from the uptick in oil and gas prices.
Given CNX's involvement in the energy sector, the company's stock is likely to be positively influenced by the current rise in oil and gas prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Coterra Energy stands to gain from the current increase in oil and gas prices, positively affecting its stock in the short term.
Coterra Energy, being in the energy market, is directly impacted by fluctuations in oil and gas prices. The current rise is expected to have a positive effect on CTRA's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EQT Corporation's stock is poised for a short-term uplift due to the rising prices of oil and gas.
As a player in the energy sector, EQT's financial performance and stock price are significantly influenced by the prices of oil and gas. The current increase is likely to boost EQT's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ovintiv's stock is expected to see a positive short-term impact from the increase in oil and gas prices.
Ovintiv, operating within the energy sector, benefits directly from hikes in oil and gas prices. This trend is anticipated to positively influence OVV's stock price in the near term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Range Resources Corp. is likely to experience a short-term positive impact on its stock due to the rise in oil and gas prices.
The company's stock is expected to benefit from the current increase in oil and gas prices, given Range Resources' involvement in the energy industry.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Southwestern Energy's stock is set to benefit in the short term from the current rise in oil and gas prices.
As oil and gas prices increase, companies like Southwestern Energy, which are heavily reliant on these commodities, are likely to see a positive impact on their stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80