On March 2–9, 2018, oilfield services stock Superior Energy Services (SPN) rose the most on our list of energy stocks. The VanEck Vectors Oil Services ETF (OIH) rose 4.1%—the highest among the major energy subsector ETFs discussed in the previous part.
Our list of energy stocks belongs to the following energy subsector ETFs. A few integrated energy stocks are also considered on our list.
- the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
- the Energy Select Sector SPDR ETF (XLE)
- the Alerian MLP ETF (AMLP)
- the VanEck Vectors Oil Services ETF (OIH)
Downstream stocks Calumet Specialty Products Partners (CLMT), CVR Refining (CVRR), and Marathon Petroleum (MPC) were the second, third, and fifth-largest gainers on our list of energy stocks in the week ending March 9. XLE gained 2.2% during this period. On March 8, 2018, Calumet Specialty Products Partners reported its earnings results for 4Q17. The company reported a net loss of $0.82 per unit—compared to analysts’ estimates for a loss of $0.56 per unit.
Cenovus Energy (CVE) was ranked fourth on our list of energy gainers last week.
Last week, all of the top energy gainers discussed above outperformed a gain of 3.5% and 1.3% in the S&P 500 Index (SPY) and US crude oil active futures, respectively.