Upstream Losses: SN, TELL, BBG, EPE, and EXXI



Upstream losses

In this part, we’ll discuss the top percentage losses from the upstream sector in the US for the current week starting on March 26, 2018. To compile the list of the top upstream losses, we only used oil and gas producers with market capitalizations greater than $100 million and an average trading volume greater than 100,000 shares last week.

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Sanchez Energy

In the week starting on March 26, 2018, Sanchez Energy (SN) decreased from $3.31 to $3.11—a decrease of more than 6.0%. While there isn’t any specific news on the stock this week, Sanchez Energy has been on a declining trend since January 16, 2018. The stock has decreased ~48% since January 16.

Last Friday, Sanchez Energy made a 52-week low of $2.78. Currently, Sanchez Energy is trading below its 50-day and 200-day moving averages. As of March 26, Sanchez Energy is trading at $3.11. The company’s 50-day and 200-day moving averages stand at $3.98 and $4.88, respectively.

On the list of the top losses, Sanchez Energy is followed by Tellurian (TELL), Bill Barrett (BBG), EP Energy (EPE), and Energy XXI Gulf Coast (EXXI). They have fallen ~5.6%, ~4.4%, ~2.6%, and ~2.3%, respectively.

The First Trust Natural Gas ETF (FCG), which represents an index of energy stocks that derive a substantial portion of their revenues from natural gas exploration and production, has risen ~1.5% this week.


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