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Integrated Energy Losses this Week: CEO, PBR, YPF, PTR

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Apr. 6 2018, Published 12:39 p.m. ET

Integrated energy stocks

To conclude our series on the biggest movers in the energy sector, we’ll look at the biggest losses from the US integrated energy sector this week.

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China National Offshore Oil Corporation: The biggest integrated energy loss

China National Offshore Oil Corporation (CEO) is the most-losing stock in the space this week. It decreased from last week’s close of $147.87 to $143.84 on April 5, a fall of ~2.7%.

On March 29, China National Offshore Oil Corporation announced its 2017 annual results for the year ended December 31, 2017. In 2017, CEO reported revenues of ~$27.6 billion, lower than the Wall Street analyst consensus of ~$28.3 billion. While CEO missed earnings per share estimates by $2.37 in 2017, it reported an adjusted profit of $8.14 per share, whereas Wall Street analyst consensus was for a profit of $10.51 per share.

Other declining stocks

The other integrated energy losses this week came from Petrobras (PBR), YPF SA (YPF), and PetroChina (PTR). These stocks are down ~1.1%, ~1.1%, and ~0.3%, respectively.

The Vanguard Energy ETF (VDE) is up ~1.8%. VDE has exposure to integrated heavyweights Exxon Mobile (XOM) and Chevron (CVX).

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