16 Jan

These Energy Stocks Rose with Oil Prices Last Week

WRITTEN BY Rabindra Samanta

Energy stocks

Between January 5 and January 12, 2018, the following oilfield services stocks were the first, second, and fifth top gainers among energy stocks:

  • Nabors Industries (NBR)
  • Noble Corporation (NE)
  • Ensco (ESV)

The VanEck Vectors Oil Services ETF (OIH) rose 4.6%, the highest among energy ETFs over that period.

These Energy Stocks Rose with Oil Prices Last Week

On January 10, 2018, NE announced that it will report its 4Q17 earnings results on February 21, 2018. Energy stocks for this analysis were 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), and the Alerian MLP ETF (AMLP). We also included a few US-listed integrated energy stocks.

Upstream stocks

Last week, upstream stocks Sanchez Energy (SN) and SM Energy (SM) ranked third and fourth among our list of top gainers. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 3.1% in that period.

These top energy gainers also outperformed the S&P 500 Index (SPY) and US crude oil February futures in the week ended January 12, 2018. That week, the S&P 500 Index (SPY) rose 1.6%, and US crude oil futures gained 4.7%. On January 12, US crude oil futures closed at $64.30 per barrel, their highest closing level since December 8, 2014.

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