Oil Stock Q2 Earnings To Watch For On Aug 8: EGN, VET & More
Zacks Investment Research | Aug 04, 2016 09:02PM ET
We have seen the peak of the second-quarter earnings season this week, with numbers flowing in from as many as 1000 companies. As of Aug 4, 414 members of the S&P 500 index reported their quarterly results.
In the energy space, the second quarter brought back hopes for oil that fell to its 12-year low of $26.21 in February. Subsequently, supply outages around the globe pushed up the price of the commodity by almost 90%, taking it past the $50 per barrel mark. However, per the Zacks Investment Research
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