Investors are Digesting These Energy Stock Earnings Insights

Oil States International Inc. (NYSE:OIS) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share decreased 18.18% to $1.80 in the quarter versus EPS of $2.20 in the year-earlier quarter. Revenue Decreased 2.69% to $1.07 billion from the year-earlier quarter.

Oil States International Inc. reported adjusted EPS income of $1.80 per share. By that measure, the company missed the mean analyst estimate of $1.82. It beat the average revenue estimate of $1.06 billion.

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OIS

Occidental Petroleum Corporation (NYSE:OXY) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased 11.98% to $1.69 in the quarter versus EPS of $1.92 in the year-earlier quarter. Revenue Decreased 6.54% to $5.87 billion from the year-earlier quarter.

Occidental Petroleum Corporation reported adjusted EPS income of $1.69 per share. By that measure, the company beat the mean analyst estimate of $1.60. It missed the average revenue estimate of $6.37 billion.

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OXY

Precision Drilling Corporation (NYSE:PDS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share decreased 15.38% to $0.33 in the quarter versus EPS of $0.39 in the year-earlier quarter. Revenue Decreased 7.02% to $596 million from the year-earlier quarter.

Precision Drilling Corporation reported adjusted EPS income of $0.33 per share. By that measure, the company beat the mean analyst estimate of $0.3. It beat the average revenue estimate of $591.31 million.

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PDS

Basic Energy Services, Inc. (NYSE:BAS) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased to $-0.21 in the quarter versus EPS of $0.47 in the year-earlier quarter. Revenue Decreased 17.93% to $304.4 million from the year-earlier quarter.

Basic Energy Services, Inc. reported adjusted EPS loss of $0.21 per share. By that measure, the company beat the mean analyst estimate of $-0.25. It missed the average revenue estimate of $309.13 million.

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BAS

Penn Virginia Resource Partners LP (NYSE:PVR) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased to $-0.17 in the quarter versus EPS of $0.20 in the year-earlier quarter. Revenue Rose 6.89% to $263.4 million from the year-earlier quarter.

Penn Virginia Resource Partners LP reported adjusted EPS loss of $0.17 per share. By that measure, the company missed the mean analyst estimate of $0.05. It missed the average revenue estimate of $294.96 million.

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PVR

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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