These Stocks Were the Top Energy Sector Gainers Last Week
In the week ended November 10, 2017, oilfield services stock Seadrill Limited (SDRL) ranked first on our list of top energy gainers. For our analysis, we are considering energy stocks from the VanEck Vectors Oil Services ETF (OIH), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), the Energy Select Sector SPDR ETF (XLE), the Alerian MLP ETF (AMLP), and a few US-listed integrated energy stocks.
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Upstream stocks California Resources (CRC) and Denbury Resources (DNR) ranked second and third among our list of top energy gainers in the last week. On November 6, 2017, California Resources (CRC) reported its 3Q17 earnings results. It reported a net loss of $1.22 per diluted share versus analyst estimates for a loss of $1.59 per share. On November 7, 2017, DNR reported adjusted net income of $0.04 per diluted share in its 3Q17 earnings results compared to analyst estimates for an income of $0.01 per diluted share.
Last week, US Silica Holdings (SLCA) was the fourth largest gainer on our list of energy stocks. On November 6, 2017, SLCA reported its 3Q17 earnings results. It reported an income of $0.53 per basic share compared to analysts’ estimates of $0.48 per basic share.
In the week ended November 10, 2017, midstream stock NGL Energy Partners (NGL) ranked fifth among the top energy gainers. On November 6, 2017, it reported its second-quarter fiscal 2018 earnings results. It reported a loss of $1.56 per common unit compared to analysts’ estimate for a loss of $0.32 per common unit.