Energy Stocks Outdid Oil and the Broader Market Last Week



Energy stocks

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.

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