Diamondback Energy Inc, The Williams Companies, Inc., Baker Hughes Co are at the top of this list of energy stocks on an uptrend.
The leading indices are showing gains — Dow Jones up to 33,237, gaining 1.25%. S&P 500 up 0.83%, trading at 3,838.28.
Meanwhile, United States 3-Year Note Auction released today at 18:00 UTC with a figure of 4.605, while the previous figure was 4.318.
What is an uptrend?
A trend is the overall direction of a market or an asset’s trading price over a certain period. An uptrend is when the price is generally pointing upwards; there can be certain periods of time when the price falls, yet the trend remains in an upward direction.
A 17 day uptrend, moves up by 17.8%: Diamondback Energy hits new all-time high at $166.38
Having gone up $24.13 over the past 17 days, as the session continues, it seems to maintain one direction — Diamondback Energy closed yesterday at $163.49. Today, it went up to $166.38 only to drop back, but is still positive overall — trading around $164.16.
Diamondback Energy is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 6.33 and the consensus revenue estimate is $2.38 billion.
An increase of 15.71% in 17 days: Williams Companies jumps to the $34 level
Williams Companies continues a 17 day surge, reaping a total of 15.71%. heading in the same direction for now — as the end of the session approaches, a small gain for Williams Companies at $34.03 after ranging between $33.53 and $34.12 today.
Baker Hughes’s uptrend continues, up to $31: Baker Hughes hits $31.16, highest rate in 4 months
Consistent for now — after closing yesterday at $30.62, Baker Hughes spiked to $31.16 before giving back its gains and closing the session at $31. Having added to its $3.03 increase during 4 days of gains,
Baker Hughes is currently trading with a market cap of $31.27 billion with an average daily volume of 9.14 million shares. Having set a significant high of $38.72 a month ago, Baker Hughes is trading 49.73% lower. So far in 2022 it has been beating the S&P by 48.28%. The stock has been trending positively for about a month. Baker Hughes is forecasted to generate revenues of $5.44 billion and EPS of 24.81 cents.
At $148.68, EOG Resources continues its uptrend: EOG Resources hits fresh record high at $149.22
Maintaining its 10 days rise (+$13.94), this session seems to remain in the same lane for now — after closing yesterday at $145.94, EOG Resources spiked to $149.22 before giving back its gains and closing the session at $148.68.