27 Nov

These Stocks Were the Top Energy Gainers Last Week

WRITTEN BY Rabindra Samanta

Top gainers

Between November 17 and November 24, 2017, oilfield services stock CARBO Ceramics (CRR) was the biggest gainer on our list of energy stocks. 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 constitute our list.

These Stocks Were the Top Energy Gainers Last Week

Seadrill Limited (SDRL), another oilfield services stock, was the second highest gainer on our list of energy stocks last week. In fact, the VanEck Vectors Oil Services ETF (OIH) rose 0.4% during this time period, as discussed in the previous part.

On November 24, 2017, Seadrill announced the resignation of Ørjan Svanevik as director of the board. A relatively small stock in terms of price and capitalization at the moment, SDRL has lost over 90% year-to-date.

Downstream stock Alon USA Partners (ALDW) was ranked third on our list of energy stocks in the week ended November 24, 2017. Midstream stock QEP Resources (QEP) ranked fourth, and upstream stock Callon Petroleum (CPE) ranked fifth.

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 0.9% during this time period, the biggest gainer among energy subsector ETFs. The S&P 500 Index (VOO) rose 0.9% in the week ended November 24. US crude oil futures rose 3.9% last week. All the top five gainers among energy stocks have outperformed crude oil.

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