On July 6–13, upstream stock Sanchez Energy (SN) saw the highest gain on our list of energy stocks. However, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 0.5%—the only decline among major energy subsector ETFs during this period, as we discussed in the previous part.
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
Oilfield services stocks, Noble (NE) and Rowan Companies (RDC) were second and third-largest gainers on our list of energy stocks last week. During this period, the VanEck Vectors Oil Services ETF (OIH) rose 0.6%—the lowest gainer among the major energy subsector ETFs during this period.
Midstream stocks TC PipeLines (TCP) and Buckeye Partners (BPL) were ranked third and fourth on our list of the largest gainers last week. The Alerian MLP ETF (AMLP) rose 1.2%—the second-largest gainer on our list of major energy subsector ETFs on July 6–13.
Energy commodities and the broader market
During the week ending July 13, US crude oil August futures and natural gas August futures fell 3.8% and 3.7%, respectively. The S&P 500 rose 1.5%. The top five energy gainers outperformed the energy, commodity, and equity markets last week.
Next, we’ll discuss the top energy losses last week.