In this part, we’ll discuss Concho Resources (CXO), SM Energy (SM), Diamondback Energy (FANG), Noble Energy (NBL), and SRC Energy’s (SRCI) stock performances. The stocks reported the highest operating margins in the first quarter.
Outliers and underperformers
SRC Energy (SRCI) was clearly the outperformer among its peers. SRC Energy has risen 78% YoY (year-over-year). Diamondback Energy (FANG) and SM Energy (SM) have increased 33.8% and ~32.20%, respectively, during the same period.
Next, we’ll discuss the top five upstream companies with the lowest leverage.