Energy Select Sector SPDR® ETF
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Oil Impacts Energy ETFs and the Equity Market
On July 11–18, major energy ETFs had the following correlations with US crude oil active futures: the Energy Select Sector SPDR ETF (XLE): 42% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 32.3% the Alerian MLP ETF (AMLP): 23.1% the VanEck Vectors Oil Services ETF (OIH): 12.3% Downside in energy ETFs Notably, […]
What’s Hampering Energy Transfer’s Recent Performance?
Despite solid earnings growth in the last several quarters, Energy Transfer’s (ET) performance has failed to pick up.
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Kinder Morgan is expected to report its second-quarter earnings results next week. Let’s see what factors influenced it in the quarter.
How Has Oil Influenced Energy ETFs in the Last Week?
US crude oil active futures rose 5% in the trailing week, which might have been behind the upsides in energy sector ETFs.
How Strong Gas Prices and Falling Yields Impacted Energy Sector
Last week, US crude oil prices fell 1.6%, while natural gas active futures rose 4.8%.
A Quantitative Look at Your Energy Portfolio
US crude oil active futures fell 3.4% last week, which might have been behind the downside in most energy ETFs.
Has the S&P 500 Index Moved Opposite to Oil Prices?
In the trailing week, the Energy Select Sector SPDR ETF (XLE) fell 1.1%—the third-lowest decline among the SPDR ETFs.
Why Energy ETFs Can’t Hold Oil Gains
US crude oil active futures rose 4.1% in the trailing week, which might have supported or limited the downside in OIH, XOP, XLE, and AMLP.
Middle-East Situation Might be Impacting the S&P 500 Index
In the trailing week, the Energy Select Sector SPDR ETF (XLE) rose 3.7%—the largest among SPDR ETFs. The rise in oil prices might have boosted XLE.
Rise in Oil Pushed Energy ETFs Higher
US crude oil active futures have risen 8.6% in the trailing week, which might have boosted or limited the downside in OIH, XOP, XLE, and AMLP. They have returned 5.8%, 5%, 3.7%, and -0.7%, respectively.
Oil Dragged Down Energy Subsector ETFs
Last week, US crude oil prices fell 2.7%, while natural gas active futures rose 2.1%.
Has Oil Helped the S&P 500?
In the last week, the Energy Select Sector SPDR ETF (XLE) has risen 0.7%, the third least among SPDR ETFs.
What’s Limited Your Energy ETF Losses This Week?
US crude oil active futures have fallen 0.6% in the last week, possibly dragging down or limiting XOP, XLE, OIH, and AMLP, which have returned -1.4%, 0.7%, 1.3%, and 0.7%, respectively.
What’s Ahead for Markets?
The markets paused the rally when stocks closed lower on Tuesday after a Reuters report indicated President Trump’s intention in regards to trade negotiations. President Trump said on Tuesday that he is holding up the trade deal with China until Beijing agrees on as many as five “major points.”
Has Oil Ignored the S&P 500 Index?
In the trailing week, XLE fell 2.6%. XLE had the second-largest decline among the SPDR ETFs that divide the broad market into subsectors.
Does Magellan Midstream Partners’ 6.5% Yield Look Attractive?
Magellan Midstream Partners (MMP) is currently trading at a yield of ~6.5%.
Comparing Energy ETFs’ Performance Last Week
Last week, US crude oil prices fell 6.8%, while natural gas active futures fell 2%. The Brent-WTI expanded by $0.77 last week.
Decoding the Energy Sector’s Key Events This Week
The EIA (U.S. Energy Information Administration) is scheduled to release its oil and natural gas inventory data on May 30.
Has the S&P 500 Index Made Oil’s Fall Sharper?
In the trailing week, XLE fell 4.7%. XLE had the largest decline among the SPDR ETFs that divide the broad market into subsectors.
Did Oil Boost Energy ETFs?
Last week, US crude oil prices rose 1.8%, while natural gas active futures rose 0.5%. The Brent-WTI expanded by $0.5 last week.
What Do Analysts Recommend for Williams Companies?
Williams Companies (WMB) stock has risen ~24% so far in 2019. The stock’s rise has been similar to that of its peer ONEOK (OKE).
Analysts Expect a 42% Upside in Energy Transfer Stock
Energy Transfer (ET) stock has underperformed most of its peers so far in 2019. The stock is up ~12% year-to-date.
Kinder Morgan Has Outperformed Top Midstream Stocks in 2019
Kinder Morgan (KMI) stock has outperformed its top midstream peers so far in 2019. The stock is up roughly 28% year-to-date.
Analysts Are Bullish on Enterprise Products Partners
Many top midstream stocks have outperformed the broader market so far in 2019.
How Energy Subsectors Performed Last Week
Last week, US crude oil prices fell 0.5%, while natural gas active futures rose 2%.
S&P 500 Might Be behind Oil’s Decline This Week
In recent months, movements in the broader market have dominated oil prices.
Why Energy ETFs Are Outperforming Equity Market and Oil
US crude oil active futures fell just 0.2% in the trailing week.
Where Does the United States Export Oil?
In this part, we’ll take a look at the top countries where the US exports its crude oil.
Why the United States Imports Oil
Several factors contributed to the rising crude oil exports in 2018.
Energy Subsectors: Analyzing the Downside
Last week, the Energy Select Sector SPDR ETF (XLE) fell 3%. XLE had the largest decline among the sector-specific SPDR ETFs under review.
This Index Consolidates All the Leading Indicators
The leading economic index (or LEI) combines ten different leading economic indicators.
Williams Companies’ Q1 Earnings Rose 7%
Williams Companies reported an adjusted EBITDA of $1.21 billion, which missed the consensus estimates for the quarter ending March 31.
Oil and Earnings Dragged the Energy Subsector Last Week
Last week, US crude oil prices fell 1.2%. On April 26, US crude oil prices had the third-highest one-day decline in 2019.
Broader Market Helped Oil Stay at Higher Levels
The Materials Select Sector SPDR Fund (XLB) fell 2.1% and underperformed the SPDR ETFs in the trailing week.
What’s Dragging the Energy Space Down?
In the trailing week, XLE, XOP, AMLP, and OIH had correlations with natural gas active futures of 18.9%, 4.4%, 1.6%, and -16.7%, respectively.
Energy Subsector: What Might Impact This Week
Last week, US crude oil prices rose 0.1%, while natural gas active futures fell 6.3%. On April 18, natural gas active futures settled at $2.49 per MMBtu.
Have Equity Indexes Limited Oil’s Fall?
In the trailing week, XLE rose 0.3%. XLE gained the least among the SPDR ETFs that break the broad market into subsectors.
Earnings Sentiments Might Be Influencing Energy ETFs
In the trailing week, XLE, XOP, OIH, and AMLP had correlations with natural gas active futures of 86.3%, 80%, 46.3%, and 33%, respectively.
Oil Rigs Impact Natural Gas Prices
The natural gas rig count was at 189 last week. The natural gas rig count has fallen ~88.2% from its record level of 1,606 in 2008.
Analyzing the Energy Subsector Last Week
The Brent-WTI spread rose by 40 cents last week. A week ago, the Brent-WTI spread fell to the lowest level since August 21, 2018.
Has the Broader Market Helped Oil Keep Its Pace?
In the trailing week, XLE rose 1.4%. XLE was the largest gainer among the SPDR ETFs that break the broad market into subsectors.
Energy ETFs Underperformed Oil’s Gains
In the trailing week, OIH, XOP, XLE, and AMLP had correlations with natural gas active futures of 60.6%, 60.3%, 46.1%, and -10.6%, respectively.
Will Kinder Morgan’s Q1 Results Support Its Stock?
Kinder Morgan (KMI) stock has posted impressive gains in 2019, outperforming many of its peers.
Kinder Morgan’s Q1 Earnings Are Expected to Rise 9%
Kinder Morgan (KMI) is expected to report its earnings results for the first quarter of 2019 on April 16.
Here’s What Could Impact Energy ETFs This Week
Last week, US crude oil futures rose 4.9%.
What Boosted Oil This Week?
In the trailing week, the Energy Select Sector SPDR ETF (XLE) has risen 0.3%.
What Hindered Rise in Energy ETFs?
US crude oil active futures rose 4.7% in the trailing week.
Midstream Stocks Outperformed Broader Markets in Q1
Crude oil prices rose ~32% in the first quarter. The strength in crude oil prices and strong fourth-quarter performances drove midstream stocks.
Trump Supports TransCanada’s Keystone XL Pipeline Again
On March 29, President Trump issued a new presidential permit for TransCanada’s (TRP) Keystone XL pipeline project.
Analyzing Oil’s Rise in Q1
The Health Care Select Sector SPDR Fund (XLV) has risen 4.8% and has underperformed the SPDR ETFs in the first quarter.
Energy ETFs: What Has Limited the Upside in Q1?
OIH, XOP, XLE, and AMLP have risen 23%, 16.1%, 15.5%, and 14.4%, respectively. The rise in oil prices might have boosted these energy ETFs.
Miscellaneous Will Weather Data Support Natural Gas?
Analysts at Refinitiv estimate that natural gas demand could rise by an average of 1 Bcf (billion cubic feet) per day next week.
Will KMI, WMB, and OKE Maintain Their Rally?
So far, midstream stocks Kinder Morgan (KMI), ONEOK (OKE), and Williams Companies (WMB) have each risen ~30% in 2019.
Miscellaneous Natural Gas Prices Are Unchanged on March 26
As of 8:53 AM EDT on March 26, natural gas prices were nearly unchanged from the previous day’s close.
Why 2019 Could Be a Strong Year for Williams Companies
Williams Companies (WMB) stock has been on a roll and has rallied more than 30% so far this year.
Miscellaneous Natural Gas Started on a Lower Note This Week
As of 8:50 AM EDT on March 25, natural gas prices had fallen ~1.4% from the previous week’s close.
What Impacted the Energy Sector Last Week?
Last week, US crude oil April futures rose 0.4%, while the Energy Select Sector SPDR ETF (XLE) fell 0.1%.
Miscellaneous Why Oil Prices Might Fall on March 25
On March 25, at 6:44 AM EST, US crude oil prices have fallen by 6 cents since the close last week. Concerns about a recession might drag oil prices.
Miscellaneous How Did the Energy Sector Perform?
On March 14–21, XLE rose 1.9%. XLE was the third-largest gainer among the SPDR ETFs that break the broad market into subsectors.