Weekly Market Movers: Business Services on Top; Oil & Gas Integrated Drops

February 24, 2020

During the week of Feb 17 – 23, the sentiment for the Business Services industry jumped 61 points with Nielsen Holdings and Trans Union leading the category.

Top Industry: Business Services

The sentiment score for Nielsen Holdings reached 46 points last week. Zacks Investment Research reported that the company is expected to post $1.67 billion in sales for the current fiscal quarter. The company also recently declared a quarterly dividend of $0.06.

At the same time, TransUnion reached a sentiment score of 59 points as it announced the 2020 guidance for adjusted EPS beating the estimates. The adjusted EBITDA of Q1 increased by 9-10% compared to the year earlier reaching $261M – $264M.

Flop Industry: Oil & Gas Integrated

On the other hand, the ‘Oil & Gas Integrated’ industry had a rough week as the industry sentiment dropped by 39 points. Oil & Natural Gas Corp Ltd. and Rosneft Oil Co. ranked bottom with a sentiment score of -43 and -42 points respectively.

Oil & Natural Gas Corp Ltd.’s stock plunged to new depths last week. The natural gas price in India is expected to be cut 25% in April as a result of the drop in global rates. As a result, it’s likely that future revenues of companies in the same industry will also be impacted.

Meanwhile, several clients have requested the Russian oil company Rosneft Oil Co. to remove its Geneva-based unit from all supply chains due to newly imposed sanction by the U.S. government. Reuters reported that U.S. officials have accused the Rosneft subsidiary of propping up the Venezuelan oil sector and engaging in ship-to-ship transfers to actively evade American sanctions.

Notes:

1 Companies that contributed most to last week’s industry sentiment change.

2  Top trending event related to the respective company.

3  Weekly aggregated company sentiment score (ranging from -100 to +100).

4  Weekly aggregated company attention buzz (the percentage by which the number of news, blogs and tweets about an asset deviates from normal attention).

*Industry name and classification as per Morning Star

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