Oil & Gas Shares Drop Amid Friday Trading Lags

Market Update: Oil & Gas shares see declines as US Energy and Kosmos Energy drop. Construction stocks, led by Tutor Perini and Argan, also lag behind. This downturn may affect investor sentiment in these sectors.

Date: 24-01-2025

AI Rating: 4

Earnings Per Share (EPS): No information provided.
Revenue Growth: No information provided.
Net Income: No information provided.
Profit Margins: No information provided.
Free Cash Flow (FCF): No information provided.
Return on Equity (ROE): No information provided.
Overall, the report highlights a downturn in the oil & gas exploration and construction sectors, indicating a negative trend that may concern investors. Shares of US Energy saw a significant drop of about 6.3%, while Kosmos Energy declined approximately 5.1%. In the construction sector, Tutor Perini fell by about 6.6%, and Argan was down roughly 6.5%. With both sectors lagging behind the market, investor confidence might be shaken, leading to lower stock prices as selling pressure increases.

Stocks: USEG KOS TPC AGX