Halliburton Co, Texas Pacific Land Corporation, Hess Corporation are the ones to notice as they lead energy stocks on an uptrend.
Leading equity indices in the US rose as Dow Jones gained 1.31% and closed at 32,827. S&P 500 closed the day at 3,806.8, having gained 0.96%.
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.
At $39.53, Halliburton continues its uptrend: Halliburton rallies beyond $39.67 for the first time in 4 months
16 days and $9.07 of gains are not enough for Halliburton Co. Halliburton pointed in the same direction today: pronounced bullish sentiment in the market helped Halliburton to make a notable 2.74% gain today, rising $1.05 and ultimately closing at $39.53. The day's trading volume totalled 9.11 million shares — slightly under the 21-day average of 12.23 million.
A 9 day uptrend, soars by 31.35%: Texas Pacific Land hits fresh record high at $2,718.3
9 days and $499.08 of gains are not enough for Texas Pacific Land. Texas Pacific Land lived up to expectations today by maintaining its set course — ending Friday at $2,566, Texas Pacific Land rallied 5.8% today and stayed at the $2,714.8 level.
Texas Pacific Land released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 16.82 per share on revenue of $191.11 million, topping estimates of 14.38 per share on revenue of $175.67 million. Since the release of its earnings report, Texas Pacific Land gained 16.56%.
Hess Corporation's uptrend continues, up to $148.71: Hess Corporation hits new all-time high at $148.76
Hess Corporation is on a 3 day bullish run gaining $6.13 (5.92%). today's session pointed in the same direction — an influx of buyers helped Hess Corporation to end the session higher around $148.71, while establishing a $145.76 to $148.76 session range today. Today's trading volume was 1.78 million shares which is slightly under the 21-day average of 2.19 million.
Diamondback Energy continues climbing, currently at $163.49: Diamondback Energy hits fresh record high at $165.67
Having gone up $22 over the past 16 days, Diamondback Energy stayed on track today: Diamondback Energy ended Friday at $161.37. today it went up to $165.67 only to drop back, yet still managed to close at $163.49.
Diamondback Energy is scheduled to announce earnings results tomorrow. The consensus Earnings Per Share estimate is 6.33 and the consensus revenue estimate is $2.38 billion.