Mid-cap energy stocks Tidewater and Cactus show technical strength as large energy names also rally. Analysts are bullish on the price potential for both.
The oilfield boom is still on despite falling rig counts: a shift to new technology supports business and led Cactus to raise guidance and repurchases.
Enterprise Products (EPD) boasts a stable business model and is not significantly exposed to the volatility in oil and gas prices.
Improved performance of key offshore markets and some reemerging areas aids Dril-Quip's (DRQ) Q1 earnings.
Declining contributions from Gathering and Processing North business hurt Crestwood's (CEQP) Q1 earnings.
Cactus, Inc. (WHD) delivered earnings and revenue surprises of 14.29% and 7.30%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Higher realized natural gas equivalent price aids EQT Corporation's (EQT) Q1 earnings.
ONEOK (OKE) is likely to benefit from high fee-based earnings and midstream assets located in productive regions.
Higher oil equivalent production aids EOG Resources' (EOG) Q1 earnings.