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TheStreet Interview: Overview of IPOs in the Energy Sector .

After a drought in the IPO market, two energy companies went public this week and more might be on the way.

TheStreet Interview: Overview of IPOs in the Energy Sector

This past week saw two IPOs in the energy sector on The Nasdaq Stock Market. The two offerings were Extraction Oil & Gas and Mammoth Energy. Extraction Oil & Gas ( XOG) was priced at the high end of its range. Mammoth Energy (TUSK) was priced at the low end. 

Although there was uneven performance for both stocks, it likely won't deter other companies from going public, according to Tamar Essner, energy analyst with Nasdaq Advisory Services. According to Essner, there is a backlog of companies waiting to go public in the next year. 

The factor for other energy companies to IPO is a stable oil market. To that end, Essner believes oil prices will remain in the $50 range, and will not retest recent lows. 

TheStreet's Rhonda Schaffler reports from the Nasdaq Marketsite. View the video >

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Nasdaq Advisory Services Energy Team is part of Nasdaq's Advisory Services -- the most experienced team in the industry. The team delivers unmatched shareholder analysis, a comprehensive view of trading and investor activity, and insights into how best to manage investor relations outreach efforts. For questions, please contact Tamar Essner.
This communication and the content found by following any link herein are being provided to you by Corporate Solutions, a business of Nasdaq, Inc. and certain of its subsidiaries (collectively, “Nasdaq”), for informational purposes only. Nasdaq makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Sources include Reuters, TR IBES, WSJ, The Financial Times and proprietary Nasdaq research.
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