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Key Energy Stock Earnings to Watch This Week: APA, CHK, OXY

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With oil prices going haywire lately, it will be important to take a look at earnings for several key companies in this group. Fortunately for us, we have several reporting this week which should offer up some clues on the outlook for this important market. That is why today’s video takes a closer look at the following companies…

Apache (APA - Free Report)

Apache has a great track record when it comes to earnings season, but you’d never know it from its recent performance. Still, earnings estimates have been rising as of late, and the stock has a Zacks Rank #2 (buy) rating heading into the report.

APACHE CORP Price, Consensus and EPS Surprise

APACHE CORP Price, Consensus and EPS Surprise | APACHE CORP Quote

Apache reports before the bell on 8/4.

 

Chesapeake (CHK - Free Report)

Chesapeake is more of a natural gas play, and as such, it has been even more under pressure thanks to an oversupplied market. Still, it remains a likely candidate for an earnings beat, while recent estimates have moved higher as well.

CHESAPEAKE ENGY Price, Consensus and EPS Surprise

CHESAPEAKE ENGY Price, Consensus and EPS Surprise | CHESAPEAKE ENGY Quote

Chesapeake reports before the bell on 8/4.

 

Occidental (OXY - Free Report)

Occidental may have come back quicker than others in the energy space, but it doesn’t have a great track record when it comes to beating expectations, including two straight misses. However, the stock has seen some nice lift heading into the report, helping the stock to a Zacks Rank #3 (hold) and a positive earnings ESP which suggests a beat for OXY.

OCCIDENTAL PET Price, Consensus and EPS Surprise

OCCIDENTAL PET Price, Consensus and EPS Surprise | OCCIDENTAL PET Quote

Occidental reports before the bell on 8/3.

For more in-depth analysis of these companies, make sure to watch our short video on the topic. And for additional insights on trading earnings reports, listen to podcast below:


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Chesapeake Energy Corporation (CHK) - free report >>

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Occidental Petroleum Corporation (OXY) - free report >>