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The Energy Sector Is Outperforming the S&P 500 This Week

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Part 4
The Energy Sector Is Outperforming the S&P 500 This Week PART 4 OF 5

Which Integrated Energy Stocks Are Rising This Week?

Integrated energy stocks

We’ll now look at the top gainers from the integrated energy sector in the US for the week starting November 6, 2017.

Which Integrated Energy Stocks Are Rising This Week?

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Cenovus Energy is the leading integrated energy stock this week

In the week starting November 6, 2017, Cenovus Energy (CVE) is at the top of the list of gainers from the integrated energy group. Cenovus Energy rose from last week’s close of $10.66 on November 3 to $11.37 on November 8, an increase of almost 7%.

The company didn’t issue any press releases that moved the stock this week. However, CVE has been in a strong uptrend since October 27, 2017. CVE reported upbeat 3Q17 earnings on November 2, which added fuel to CVE’s rally. Cenovus Energy reported adjusted EPS of $0.24, beating the Wall Street analyst EPS estimates of $0.15. In the last two weeks, CVE is up by almost 21%.

Other stocks on the rise this week

Cenovus Energy is followed by PetroChina (PTR), which saw an increase of 4.7% so far this week. On October 30, 2017, PTR announced that it recorded a profit of 17.4 billion renminbi in the first nine months of 2017, a ~1000% increase compared with the first nine months of 2016. Since then, PTR is in a strong uptrend and now up by almost 10%.

Other notable gainers in the integrated energy group are Statoil ASA (STO), Suncor Energy (SU), and BP Amoco (BP). These stocks are showing increases of 2.6%, 2.4%, and 2.1%, respectively, so far this week.

As of November 8, 2017, all integrated energy stocks are in the positive territory for the current week. The iShares U.S. Energy ETF (IYE) is up by 1.6% this week. IYE has exposure to integrated heavyweights like ExxonMobil (XOM) and Chevron (CVX).

In comparison, the SPDR Dow Jones Industrial Average ETF (DIA) is higher by 0.12% in the current week.

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