Investors are watching Exxon Mobil, Hess, and Transocean for potential bullish outcomes before earnings

From NASDAQ.: 2024-10-28 09:59:00

Investors are navigating through earnings season, with a focus on the energy sector. Exxon Mobil, Hess, and Transocean are oil stocks to watch for potential bullish outcomes. Supply and demand dynamics, along with economic factors in the US and China, are impacting oil prices. Expectations of higher inflation are also influencing oil price sentiment.

Exxon Mobil offers stability but limited growth potential, with a $145 price target and projected earnings per share of $2.25. Hess stock presents higher risk but greater reward potential, with a price target of $173. Transocean stock, with a high beta of 2.8, offers significant upside potential of up to 69% and is closely tied to oil price fluctuations.

Investors are closely monitoring these oil stocks ahead of earnings reports to capitalize on potential opportunities in the market.



Read more at NASDAQ.:: 3 Oil Stocks to Watch Before Earnings Come Out