It could be a tough earnings season for energy stocks.
Crude oil prices fell 44 percent over the course of the fourth quarter, which naturally has put severe downward pressure on the shares of energy stocks, as well. However, the exact extent to which plunging oil prices have impacted energy companies' earnings and predictions for the future will be seen in the weeks ahead, as energy companies report their earnings and provide guidance.
Analyst earnings estimates on energy names have fallen 25 percent over the course over the quarter, according to FactSet.
The first big oil company to report will be oil-services name Schlumberger, which is due to release results after Thursday's bell. And traders don't appear to be too excited about what they'll hear.