This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Energy Stocks: Winners and Losers

NEW YORK ( TheStreet) -- YPF SA (YPF - Get Report), RenaSola (SOL - Get Report), and SandRidge Energy (SD - Get Report) were among the top gainers in the energy space last week, while First Solar (FSLR - Get Report), FMC Technologies (FTI - Get Report), and Ecopetrol (EC - Get Report) topped the losers' list.

YPF, an Argentina-based integrated oil and gas company, jumped 17.1% last week, hitting 52-week highs on Thursday. The company obtained a $250 million loan from lender Corporacion Andina de Fomento to finance its investment plan for production, refining and commercialization of petrol and natural gas, Reuters reports.

Renesola, a highly rated stock selling at a deep discount, manufactures solar wafers and solar power products. The stock gained around 11.3% last week after Goldman Sachs initiated coverage on the stock with a buy rating and a price target of $11 indicating an upside of 21% over current levels.

SandRidge Energy, a natural gas and oil company, continued its gains last week, advancing around 10.8%. Meanwhile, Enerplus Resources Fund (ERF - Get Report), McMoRan Exploration (MMR) and Exterran Holdings (EXH) gained around 9.5%, 8.9%, and 8.2%, respectively.

Chesapeake Energy (CHK - Get Report) rose 8.7% following the news that billionaire investor Carl Icahn increased his stake in the company.

Holly (HOC) advanced 8.1% on its announcement that Tulsa refineries will restart operations in a week.

CGG Veritas (CGV), the world's largest seismic surveyor of oilfields, gained 7.9% on the recent uptrend in oil prices, which will likely increase producers' spending. Analysts at Exane BNP Paribas upgraded the stock to outperform from underperform.

First Solar and FMC Technologies led the pack of losers, declining around 2.7%, and 2.4%, respectively. Ecopetrol, the largest company in Colombia, declined 1.2% despite it receiving approval from the Brazilian government for participation in Santos Basin.

Among other losers, Helix Energy Solutions (HLX), Oneok Partners (OKS), and Rosetta Resources (ROSE) fell 1.1%, 1%, and 1%, respectively.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
MMR $0.00 0.00%
CHK $14.54 0.00%
EC $16.79 1.57%
ERF $12.44 -2.43%
FSLR $63.43 -2.04%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs