uploads/2018/03/p4.png

Which Energy Stocks Fell More than the Oil Market Last Week?

By

Updated

Energy stocks

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)

Carrizo Oil & Gas (CRZO) and Sanchez Energy (SN) were the second and fifth-largest losers on our list of energy stocks in the week ending March 2, 2018.

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.

Article continues below advertisement
Advertisement

More From Market Realist