Energy sector now -18% YTD as oil prices remain under pressure [Seeking Alpha]
FTI Consulting, Inc. (FCN)
Last fti consulting, inc. earnings: 4/30 07:30 am
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Source: Seeking Alpha
The energy sector ( XLE -4.8% crude oil tumbles April WTI settled -3% -2.4% " Demand concerns are wiping out Potential support for prices could come from OPEC and allies including Russia, which are considering whether to further cut production, but skepticism is growing about whether the group will take action. "OPEC+ is showing no signs of agreement and, in our view, the outlook from their monitoring committee underestimates the drop in consumption and its duration,"says James Williams, energy economist at WTRG Economics, adding a further "significant drop" is ahead with a substantial short-term production cut coming out of next week's meeting. The energy sector is already down 18% in Q1, returning to lows from 2010, and many components are trading at multi-year lows: XOM -3.8% OXY -8.5% NBL -7.6% DVN XEC -7.5% MRO -6.3% FANG -5.8% FTI -5.1% SLB -5% : USO OIL UWT XOP UCO VDE OIH DWT BGR BNO ERX GUSH SCO DRIP FENY DBO ERY FIF DIG OILU NDP DTO USL IYE DUG IEO OILD USOI WTIU CRAK RYE
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FCN
Earnings
- 10/24/24 - Miss
FCN
Sec Filings
- 11/7/24 - Form SCHEDULE
- 10/28/24 - Form 8-K
- 10/25/24 - Form 8-K
- FCN's page on the SEC website