5 Value Stocks In The Energy Sector
What is a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
TechnipFMC plc (FTI) Q2 Earnings Lag Estimates, Sales Beat
TechnipFMC plc (NYSE: FTI) reported second-quarter 2022 adjusted earnings of 2 cents per share, lagging the Zacks Consensus Estimate of 4 cents per share. This underperformance was due to higher product costs and lease expenses, which pushed up the company's total expenses.
B of A Securities Downgrades California Resources to Underperform, Announces $49 Price Target
B of A Securities analyst Doug Leggate downgrades California Resources (NYSE:CRC) from Buy to Underperform and announces $49 price target.
Earnings Scheduled For May 5, 2022
Companies Reporting Before The Bell
• Mirum Pharmaceuticals (NASDAQ:MIRM) is expected to report quarterly loss at $1.34 per share on revenue of $8.46 million.
Executives Sell Over $44M Of 4 Stocks
Although gold futures traded slightly lower on Friday, there were a few notable insider trades.
Executives Sell Around $42M Of 5 Stocks
Although the US economy added 431,000 payrolls in March, there were a few notable insider trades.
Executives Sell Over $640M Of 5 Stocks
Although oil futures traded higher on Wednesday, there were a few notable insider trades.
California Resources Q4 Sales $634.00M Beat $543.94M Estimate
California Resources (NYSE:CRC) reported quarterly sales of $634.00 million which beat the analyst consensus estimate of $543.94 million by 16.56 percent. This is a 110.63 percent increase over sales of $301.00 million
Keybanc Maintains Overweight on California Resources, Raises Price Target to $50
Keybanc analyst Leo Mariani maintains California Resources (NYSE:CRC) with a Overweight and raises the price target from $49 to $50.