NEW YORK, Jan. 28, 2016 /PRNewswire/ — S&P Capital IQ and SNL, a business unit of McGraw Hill Financial (NYSE: MHFI) and a leading provider of research, analytics and data, released its Six Energy Predictions for 2016, which forecasts the key trends that will shape energy sector performance this year.
Six Energy Predictions for 2016, which was produced by the S&P Capital IQ Equity Research team, suggests that the year ahead will be a challenging one for the energy sector, but a number of modest improvements will start to take shape. Among some of the key predictions are year-over-year improvements in stock performance, range-bound crude oil pricing and continued cuts in capital spending among energy sector companies.
Following are some of the report’s key observations:
“The energy sector has been in the spotlight as the worst performing sector of the S&P 500 for some time now and while it won’t recover fully in 2016, we are starting to see signs of modest improvement,” said Stewart Glickman, Energy Equity Analyst at S&P Capital IQ. “As the sector continues to climb out of the rubble of the last several years of declines, expect to see improvement come in fits and starts.”
About S&P Capital IQ and SNL
S&P Capital IQ and SNL Financial, a business unit of McGraw Hill Financial (NYSE:MHFI), is a leading provider of financial and industry data, research, news and analytics to investment professionals, government agencies, corporations, and universities worldwide. The newly combined firm integrates news, comprehensive market and sector-specific data and analytics into a variety of tools to help track performance, generate alpha, identify investment ideas, understand competitive and industry dynamics, perform valuation and assess credit risk. For more information, visit www.spcapitaliq.com or www.snl.com.
SOURCE S&P Capital IQ and SNL