On February 23–March 2, 2018, upstream stock California Resources (CRC) was the largest loser on our list of energy stocks. However, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 1.4%—the least during this period among energy subsector ETFs.
Our list of energy stocks is taken from the following energy subsector ETFs. We also included a few integrated energy stocks.
- 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)
Oilfield services stocks, Ensco (ESV) and Rowan Companies (RDC) were the third and fourth-largest losers on our list of energy stocks last week. During this period, the VanEck Vectors Oil Services ETF (OIH) fell 3.5%—the most among the energy subsector ETFs listed above.
On February 28, 2018, RDC announced its 4Q17 earnings results. RDC reported an income of $0.89 per diluted share. Analysts expected a loss of $0.3 per share.
In the week ending March 2, 2018, all of these energy stocks fell more than the 2% and 3.6% fall in the S&P 500 Index (SPY) and US crude oil active futures, respectively.