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The Dirt on the Permian Basin: Hot or Not?

PART:
1 2 3 4 5 6 7 8 9 10 11 12 13
Part 11
The Dirt on the Permian Basin: Hot or Not? PART 11 OF 13

Key Permian E&P Stocks: Year-to-Date Performances

Permian companies’ stock performances

In this part of our series, we’ll discuss the YTD (year-to-date) stock performances of the key Permian E&P (exploration and production) players we’ve been discussing—Apache (APA), Pioneer Natural Resources (PXD), Concho Resources (CXO), and Occidental Petroleum (OXY). We’ll compare their performances to the broader energy sector ETF, the Energy Select Sector SPDR ETF (XLE), as well as to the broader market S&P 500 SPDR ETF (SPY).

Key Permian E&amp;P Stocks: Year-to-Date Performances

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The above image shows that Occidental Petroleum, Pioneer Resources, and Concho Resources have seen similar returns since January 2017, at -17%, -16%, and -14.7%, respectively. These losses have been similar to that of crude oil (CL), which has fallen 17.5% during the same period.

The returns of these three stocks were also in line with the returns of XLE, the energy sector ETF. Notably, Apache has underperformed its peers as well as XLE and SPY.

The energy sector makes up ~7% of SPY.

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