Upstream Stocks Fell the Most in the Energy Sector Last Week



Energy stocks

Between January 18 and January 25, upstream stock Carrizo Oil & Gas (CRZO) fell the most among our set of selected energy stocks, which include the following ETFs:

  • the Alerian MLP ETF (AMLP)
  • the Energy Select Sector SPDR ETF (XLE)
  • the VanEck Vectors Oil Services ETF (OIH)
  • the VanEck Vectors Oil Refiners ETF (CRAK)
  • the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

XOP fell the most among the major energy subsector ETFs under discussion in this series.

In addition to US energy companies, the following foreign-headquartered integrated energy companies are also listed in the United States:

Other falls

Upstream stocks QEP Resources (QEP), SM Energy Company (SM), Denbury Resources (DNR), and California Resources (CRC) saw the second-, third-, fourth-, and fifth-largest falls among energy stocks last week. Except for QEP Resources, the other top declines on our list are oil-weighted stocks, which means they operate with production mixes of at least 60.0% in liquids based on their latest quarterly production data. Liquids include crude oil, condensates, and natural gas liquids. QEP operates with a production mix of 56% in liquids. 

US crude oil March futures fell 0.6%, natural gas March futures fell 5.2%, and the S&P 500 Index (SPY) fell 0.2% last week. The broader market’s fall and the retreat in energy commodities might be behind the downsides of the above-mentioned energy stocks, which also underperformed energy commodities and the broader market last week.

In the next article, we’ll discuss oil-tracking ETFs.


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