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2015-01-03 21:50:00

2014: U.S. UGLY YEAR

2014:  U.S. UGLY YEAR

Last year was an ugly one for the U.S. energy sector, and while the first trading day of 2015 pointed to continued weakness in oil, investors are starting to look to when the sector might start to recover.

Crude oil prices fell 42 percent in the fourth quarter. The fallout on corporate bottom lines isn't yet known, but forecasts suggest it will be severe. Energy sector earnings are seen down 19.6 percent in the fourth quarter, according to Thomson Reuters data; on Oct. 1, the consensus estimate was for growth of 6.4 percent.

While the flip in expectations is bearish, analysts say the dramatic decline in the…

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Tags: U.S., OIL, PRICES
Chronicle:
2014:  U.S. UGLY YEAR
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