The energy sector late last year and particular the first few months of 2015 saw a collapsing oil that just would not find a bottom, consistent downgrades and negative forward guidance revisions. However, over the past two months, the price of crude has successfully rallied and held around the $60 a barrel range, which has enticed drillers. In fact, last week the Baker Hughes weekly drilling rig figures showed that the rig slowdown is reaching a breaking point. The price of crude has rallied 3% year to date and bullish second quarter revisions to energy sector imply that crude prices…
Energy Sector: Largest Bullish Revisions For Q2 EPS
22percent