On February 9–16, 2018, upstream stocks Denbury Resources (DNR), QEP Resources (QEP), EQT (EQT), and Diamondback Energy (FANG) were the first, second, third, and fifth largest gainers on our list of energy stocks. In fact, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 4.7%—the highest on our list of energy ETFs discussed in the previous part.
These stocks were collected from the following ETFs. We also included a few integrated energy stocks:
- the Alerian MLP ETF (AMLP)
- the VanEck Vectors Oil Services ETF (OIH)
- the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
- the Energy Select Sector SPDR ETF (XLE)
On February 14, 2018, QEP announced that it will report its 4Q17 earnings results on February 28, 2018. On February 15, 2018, EQT announced its 4Q17 earnings results. EQT’s adjusted EPS was $0.76—compared to analysts’ estimates of $0.24 per share.