uploads///p

Some Energy Stocks Rose More than Oil Last Week

By

Feb. 26 2018, Published 10:18 a.m. ET

Energy stocks

On February 16–23, 2018, upstream stock Whiting Petroleum (WLL) rose the most on our list of energy stocks. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 2.1% during this period—the second-highest gainer among the energy ETFs discussed in the previous part.

These energy stocks belong to the following ETFs. We also considered 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 21, 2018, Whiting Petroleum announced its 4Q17 earnings results. Whiting Petroleum reported an adjusted net loss of $0.17 per diluted share—compared to analysts’ estimates for a loss of $0.3 per share.

Article continues below advertisement

Chesapeake Energy (CHK), Noble Energy (NBL), Gulfport Energy (GPOR), and Parsley Energy (PE) were ranked second, third, fourth, and fifth on our list of the largest energy gainers last week. On February 22, 2018, Chesapeake Energy announced its 4Q17 earnings results. Chesapeake Energy reported a net income of $0.30 per diluted share—compared to analysts’ estimates of $0.24 per share.

On February 20, 2018, Noble Energy announced its 4Q17 earnings results. Noble Energy reported a net income of $0.32 per diluted share—compared to analysts’ estimates of $0.04 per share.

All of these energy stocks outperformed a rise of 0.6% and 3.2% in the S&P 500 Index (SPY) and US crude oil April futures, respectively, last week.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.