28 Mar

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

WRITTEN BY Nicholas Chapman

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.

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

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.

Latest articles

The 2019 Dubai Airshow brought good news for Boeing. The company logged new requests for its troubled 737 MAX aircraft after several months of frozen orders.

A US-China trade deal, which appeared to on the table up until last week, might not happen this year. Yesterday, the Dow Jones fell for a third day.

Netflix has been under pressure since it saw a surprise loss in US subscribers in the second quarter. It's up 14% YTD, the lowest among its FAANG peers.

The case for Apple (AAPL) acquiring Sonos has gotten more compelling. Sonos (SONO) has announced it has acquired Snips for $37.5 million.

In October, PayPal (PYPL) led the exit of one-quarter of Libra's original partners, dealing a blow to Facebook’s (FB) cryptocurrency project.

Facebook CEO Mark Zuckerberg joined Donald Trump for dinner at the White House in October, but both sides kept quiet about the meeting, NBC News has revealed.