In the latest trading session, BP (BP) closed at $33.11, marking a -1.75% move from the previous day. This change lagged the S&P 500's 0.16% loss on the day. Meanwhile, the Dow experienced a rise of 0.44%, and the technology-dominated Nasdaq saw a decrease of 0.76%. The oil and gas company's stock has dropped by 1.49% in the past month, falling short of the Oils-Energy sector's loss of 0.37% and the S&P 500's gain of 1.14%.Market participants will be closely following the financial results of BP in its upco ...

Company Performance - Exxon Mobil (XOM) closed at $114.10, reflecting a -2.67% change from the previous day, underperforming the S&P 500's daily gain of 0.26% [1] - Over the past month, Exxon Mobil's stock has increased by 2.56%, which is lower than the Oils-Energy sector's gain of 4.06% and the S&P 500's gain of 2.87% [1] Earnings Projections - The upcoming EPS for Exxon Mobil is projected at $1.73, indicating a 9.90% decline compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is $87.06 billion, down 3.28% from the previous year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of $6.7 per share and revenue of $332.87 billion, representing changes of -13.99% and -4.78% respectively compared to the previous year [3] - Recent adjustments to analyst estimates for Exxon Mobil reflect evolving short-term business trends, with positive revisions indicating analyst optimism [3][4] Valuation Metrics - Exxon Mobil is currently trading at a Forward P/E ratio of 17.5, which is a premium compared to its industry's Forward P/E of 10.95 [6] - The company has a PEG ratio of 2.13, while the average PEG ratio for the Oil and Gas - Integrated - International industry is 1.86 [6] Industry Ranking - The Oil and Gas - Integrated - International industry holds a Zacks Industry Rank of 86, placing it in the top 35% of over 250 industries [7] - The Zacks Industry Rank measures the strength of individual industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Company Performance - Chevron's stock increased by 1.12% to $159.18, outperforming the S&P 500's decline of 0.29% [1] - Over the past month, Chevron's shares gained 0.04%, lagging behind the Oils-Energy sector's increase of 2.23% and the S&P 500's gain of 3.08% [1] Earnings Forecast - Chevron is expected to report an EPS of $2.13, reflecting a 15.14% decrease from the same quarter last year [2] - Revenue is projected to be $52.06 billion, indicating a 2.74% increase compared to the previous year [2] - For the entire fiscal year, earnings are estimated at $7.83 per share and revenue at $194.08 billion, representing declines of 22.09% and 4.29% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates for Chevron are crucial as they indicate shifts in near-term business trends [4] - Positive revisions in estimates suggest analysts' confidence in Chevron's business performance and profit potential [4] Zacks Rank and Valuation - The Zacks Rank system currently rates Chevron at 3 (Hold), with a 1.46% rise in the Zacks Consensus EPS estimate over the past month [6] - Chevron's Forward P/E ratio stands at 20.11, which is higher than the industry average of 10.75, indicating it is trading at a premium [7] - The company has a PEG ratio of 1.97, compared to the industry average of 1.82 [8] Industry Context - The Oil and Gas - Integrated - International industry, which includes Chevron, holds a Zacks Industry Rank of 90, placing it in the top 37% of over 250 industries [9] - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]

Group 1: Stock Performance - Ecopetrol's stock decreased by 1.44% to $8.88, underperforming the S&P 500 which gained 0.49% [1] - Over the last month, Ecopetrol's shares increased by 1.24%, lagging behind the Oils-Energy sector's gain of 3.95% and the S&P 500's gain of 2.99% [1] Group 2: Earnings Expectations - The upcoming earnings release is expected to show an EPS of $0.39, a decline of 9.3% compared to the same quarter last year [2] - Revenue is projected at $6.83 billion, reflecting a 19.07% decrease from the equivalent quarter last year [2] Group 3: Annual Estimates - For the annual period, earnings are anticipated to be $1.35 per share and revenue at $28.27 billion, indicating declines of 18.67% and 13.68% respectively from the previous year [3] Group 4: Analyst Estimates and Rankings - Recent modifications to analyst estimates are crucial as they reflect near-term business trends, with positive changes indicating analyst optimism [3] - The Zacks Rank system, which incorporates estimate changes, currently ranks Ecopetrol at 3 (Hold) [5] Group 5: Valuation Metrics - Ecopetrol's Forward P/E ratio is 6.66, which is lower than the industry average of 10.83 [6] - The Oil and Gas - Integrated - International industry ranks in the top 42% of all industries, with a current Zacks Industry Rank of 102 [6] Group 6: Industry Performance - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Company Performance - Shell (SHEL) closed at $71.41, reflecting a -1.27% change from the previous day, underperforming the S&P 500's daily loss of 0.1% [1] - Over the past month, Shell's stock has increased by 1.23%, which is lower than the Oils-Energy sector's gain of 3.89% and the S&P 500's gain of 2.57% [1] Earnings Forecast - The upcoming earnings report for Shell is expected to show an EPS of $1.46, representing a 23.96% decline compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $73.69 billion, indicating a 1.69% increase from the previous year [2] - Full-year estimates predict earnings of $6.09 per share and revenue of $282.18 billion, reflecting year-over-year changes of -19.02% and -2.37%, respectively [3] Analyst Estimates and Valuation - Recent modifications to analyst estimates for Shell are crucial as they reflect short-term business trends, with positive revisions indicating optimism about the business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Shell at 3 (Hold) [6] - Shell's Forward P/E ratio stands at 11.87, which is a premium compared to the industry average of 11.21 [6] - The company has a PEG ratio of 1.9, compared to the industry average PEG ratio of 1.84 [7] Industry Context - The Oil and Gas - Integrated - International industry, which includes Shell, has a Zacks Industry Rank of 152, placing it in the bottom 39% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Group 1 - California Resources Corporation (CRC) is currently outperforming the Oils-Energy sector with a year-to-date return of approximately 8.6%, compared to the sector's average gain of about 4.5% [4] - CRC has a Zacks Rank of 1 (Strong Buy), indicating strong analyst sentiment and a positive earnings outlook, with the consensus estimate for its full-year earnings having increased by 16.1% in the past quarter [3][4] - The Oils-Energy group, which includes CRC, is ranked 14 within the Zacks Sector Rank, which consists of 16 different groups [2] Group 2 - CRC operates within the Oil and Gas - Exploration and Production - United States industry, which has seen an average loss of 22.9% this year, highlighting CRC's relative strength in this area [6] - Another notable stock in the Oils-Energy sector is Eni SpA (E), which has returned 28% year-to-date and has a Zacks Rank of 2 (Buy) [5][7] - The Oil and Gas - Integrated - International industry, to which Eni SpA belongs, is currently ranked 93 and has gained 5.7% this year [7]

Group 1: Stock Performance - Petrobras (PBR) closed at $12.85, with a daily increase of +1.74%, outperforming the S&P 500's gain of 0.47% [1] - Over the past month, Petrobras shares gained 4.64%, surpassing the Oils-Energy sector's gain of 2.51% and the S&P 500's gain of 2.32% [1] Group 2: Earnings Forecast - Petrobras is expected to report an EPS of $0.61, reflecting a 34.41% decline compared to the same quarter last year [2] - Revenue is anticipated to be $21.73 billion, indicating a 7.01% decrease from the same quarter last year [2] Group 3: Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $2.86 per share and revenue at $86.03 billion, representing declines of -4.03% and -5.9% respectively from the previous year [3] - Recent changes in analyst estimates suggest a correlation with stock price performance, with positive revisions indicating analyst optimism [3][4] Group 4: Zacks Rank and Valuation - Petrobras currently holds a Zacks Rank of 3 (Hold), with a consensus EPS projection that has decreased by 1.38% in the past 30 days [5] - The Forward P/E ratio for Petrobras is 4.42, significantly lower than the industry average of 10.77, suggesting it is trading at a discount [6] Group 5: Industry Ranking - The Oil and Gas - Integrated - International industry, which includes Petrobras, has a Zacks Industry Rank of 95, placing it in the top 39% of over 250 industries [6][7]

Core Insights - Enerflex (EFXT) is currently outperforming its peers in the Oils-Energy sector, with a year-to-date gain of 5.4% compared to the sector's average return of 4.8% [4] - The Zacks Rank for Enerflex is 2 (Buy), indicating a positive earnings outlook, with the consensus estimate for full-year earnings having increased by 15.6% in the past quarter [3] - Enerflex belongs to the Oil and Gas - Exploration and Production - Canadian industry, which has an average year-to-date gain of 1.5%, further highlighting Enerflex's strong performance [6] Industry Performance - The Oils-Energy sector includes 240 companies and is currently ranked 11 in the Zacks Sector Rank, reflecting the overall strength of the sector [2] - Another notable company in the sector, Repsol SA (REPYY), has achieved a year-to-date return of 40.8% and has a Zacks Rank of 1 (Strong Buy) [4][5] - The Oil and Gas - Integrated - International industry, where Repsol SA operates, has a lower ranking (170) and has gained 5.9% since the beginning of the year [7]

Company Performance - Shell's stock increased by 1.02% to $72.65, outperforming the S&P 500's daily gain of 0.3% [1] - Over the past month, Shell's stock has decreased by 0.46%, underperforming the Oils-Energy sector's gain of 1.33% and the S&P 500's gain of 2.09% [1] Financial Expectations - Shell is expected to report an EPS of $1.46, reflecting a decline of 23.96% from the same quarter last year [2] - Revenue is anticipated to be $73.69 billion, indicating a 1.69% increase from the prior-year quarter [2] Full-Year Estimates - The full-year Zacks Consensus Estimates project earnings of $6.09 per share and revenue of $282.18 billion, representing year-over-year changes of -19.02% and -2.37%, respectively [3] - Recent analyst estimate revisions are crucial as they reflect near-term business trends and can indicate analyst optimism about profitability [3] Valuation Metrics - Shell's Forward P/E ratio is currently 11.81, which is higher than the industry average of 10.52 [6] - The PEG ratio for Shell stands at 1.89, compared to the industry average PEG ratio of 1.83 [6] Industry Context - The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector and holds a Zacks Industry Rank of 95, placing it in the top 39% of over 250 industries [7] - Research indicates that industries in the top 50% rated by Zacks outperform those in the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - NCS Multistage (NCSM) is currently outperforming its peers in the Oils-Energy sector, with a year-to-date performance of approximately 42.5% compared to the sector average of 4% [4]. Company Performance - NCS Multistage is part of the Oils-Energy sector, which consists of 240 individual stocks and holds a Zacks Sector Rank of 13 [2]. - The Zacks Rank for NCS Multistage is 1 (Strong Buy), indicating a positive outlook based on earnings estimates and revisions [3]. - Over the past three months, the Zacks Consensus Estimate for NCSM's full-year earnings has increased by 62%, reflecting improved analyst sentiment [4]. Industry Comparison - NCS Multistage belongs to the Oil and Gas - Field Services industry, which includes 23 companies and currently ranks 211 in the Zacks Industry Rank. This industry has seen a decline of about 5.4% year-to-date, highlighting NCSM's superior performance [6]. - In contrast, another Oils-Energy stock, Sasol (SSL), has returned 37.9% year-to-date and belongs to the Oil and Gas - Integrated - International industry, which ranks 39 and has increased by 6.1% this year [5][6]. Future Outlook - Investors interested in Oils-Energy stocks should monitor NCS Multistage and Sasol, as both companies are expected to maintain their strong performance [7].