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Last Week’s Biggest Losses among Energy Stocks

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Apr. 30 2018, Updated 4:01 p.m. ET

Energy stocks

Between April 20 and April 27, oilfield services stock Ensco (ESV) fell the most on our list of energy stocks. However, in this period, the VanEck Vectors Oil Services ETF (OIH) rose 1.4%—the second-largest gainer among the energy subsector ETFs discussed in Part 2. On April 25, ESV reported its 1Q18 earnings results. It reported a net loss of $0.32 per share, compared to analysts’ estimated loss of $0.27 per share.

We composed our list of energy stocks from the following energy subsector ETFs, plus 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)
  • the VanEck Vectors Oil Refiners ETF (CRAK)
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Other losses

Midstream stocks Tallgrass Energy Partners, LP (TEP), and EQT Midstream Partners, LP (EQM), saw the second- and third-largest losses on our list of energy stocks last week. In fact, the Alerian MLP ETF (AMLP) rose 0.7%—the second-lowest rise on our list in this period.

On April 26, EQM reported its 1Q18 earnings results. It reported net income of $1.61 per limited partner unit, compared to analysts’ estimated earnings of $1.30 per limited partner unit.

Last week, upstream stock PDC Energy (PDCE) and oilfield services stock Rowan Companies (RDC) saw the fourth- and fifth-largest losses on our list of energy stocks. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose just 0.2%–the lowest gain on our list of energy stocks in this period.

Energy commodities and the broader market

Between April 20 and April 27, US crude oil June futures fell 0.4% and natural gas June futures rose 0.1%. The S&P 500 Index (SPY) was unchanged. So the top five energy losses underperformed energy commodities and the equity market during this period.

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