On September 1–8, 2017, oilfield service stock Tidewater (TDW) rose the most among the energy sector stocks. These stocks are from the following energy ETFs—the Energy Select Sector SPDR ETF (XLE), the VanEck Vectors Oil Services ETF (OIH), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), and the Alerian MLP ETF (AMLP). A few foreign-based but US-listed integrated energy companies are also included on the list.
Last week, other oilfield services stocks CARBO Ceramics (CRR), Superior Energy Services (SPN), and Patterson-UTI Energy (PTEN) were the second, third, and fourth-largest gainers among energy sector stocks. In fact, OIH outperformed the other energy subsector ETFs during this period.
On September 5, 2017, Patterson-UTI Energy revealed its plan regarding an acquisition of MS Energy Services—a directional drilling services company. On the same day, the stock rose 6.6%.
Holly Energy Partners (HEP) was the fifth-largest gainer among the energy sector stocks in the past four trading sessions.
Next, we’ll discuss the energy stocks that fell the most in the week ending September 8.