Midstream Stocks Were the Outliers Last Week

Energy stocks

On July 13–20, midstream stock TC PipeLines (TCP) saw the highest gain on our list of energy stocks. In fact, the Alerian MLP ETF (AMLP) rose 1.5%—the second-largest gainer among major energy subsector ETFs during this period, as we discussed in the previous part. On July 19, TC PipeLines announced that it will report its second-quarter earnings results on August 2.

Midstream Stocks Were the Outliers Last Week

We created our list of energy stocks from the following energy subsector ETFs and several 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), and the VanEck Vectors Oil Services ETF (OIH).

Other large gainers

Williams Partners (WPZ) and Antero Midstream Partners (AM) were the fourth and fifth-largest gainers on our list of energy stocks last week. On July 17, Antero Midstream Partners announced that it will report its second-quarter earnings results on August 1.

Integrated energy stocks YPF Sociedad Anonima (YPF) and Petrobras (PBR) were ranked second and third on our list of the largest gainers last week.

Energy commodities and the broader market

During the week ending July 20, US crude oil September futures fell 2.4%, while natural gas August futures rose 0.2%. The S&P 500 didn’t change during this period. The top five energy gainers outperformed the energy commodities and equity markets last week.

Next, we’ll discuss the top energy losses last week.