Statoil (STO)Statoil (STO - Get Report) is an integrated energy company that was formerly known as StatoilHydro ASA. The company operates in more than 40 countries and is based in Norway. 2010 has been a forgettable year for this energy stock, which has fallen -14.6% since January. STO is trading just above its 52-week low of $18.39, with a stock price of $21.25. Like other stocks on this list, STO made some progress in September, but is still in the red for the year, and should be avoided when looking for energy stocks to buy.
Suncor Energy (SU)Based in Calgary, Suncor Energy (SU - Get Report) is another integrated energy company that makes the list. SU stock has had a bumpy ride in 2010, and is down -6% over the past 10 months. While the stock saw rallies in April, June, August and September, it has been unable to sustain any momentum. Perhaps prepping for another letdown, analysts have scaled back earnings estimates to $0.41 after an EPS of $0.49 last quarter. If you own Suncor Energy stock, now might be the time to sell based on its volatility and unimpressive performance.
Imperial Oil (IMO)Imperial Oil (IMO - Get Report) is involved in the exploration, production and sale of crude oil and natural gas. While IMO has not performed as poorly as other stocks on this list, it still has seen returns of -1.7% year-to-date. Shareholders cannot be thrilled by the fact that IMO has missed earnings estimates for four consecutive quarters, including a miss of -19.4% last quarter. Its current stock price of $37.98 is slightly higher than its 52-week low of $35.18.
Devon Energy (DVN)Independent energy company Devon Energy (DVN) is engaged in the exploration, development and production of oil and natural gas. Year-to-date, the energy stock has slipped -12.3%, compared to modest gains by the broader markets. Like other stocks on this list, analysts have cut back on earnings estimates this quarter. Experts project EPS of $1.36 this quarter compared to an actual EPS of $1.53 last quarter. Trading at $64.41, DVN is an expensive energy stock whose performance has not justified its purchase.
Anadarko Petroleum Corp. (APC)Headquartered in Texas, Anadarko Petroleum Corp. (APC) rounds out the list of energy stocks to sell. Since January, shareholders have watched this stock fall -10.1%. While APC has rallied over the past few weeks, it is still reeling from a sharp July decline. A net profit margin of -1.1% last quarter is just another unsavory detail about this stock. Unless APC can continue to rally past its pre-July levels, consider selling this energy stock.
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