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Energy Stocks: Winners and Losers

Stocks in this article: BHI TGP FTO

NEW YORK ( TheStreet) -- Baker Hughes (BHI), Teekay LNG Partners (TGP) and Frontline (FTO) emerged as top gainers in the energy industry last week, while Trina Solar (TSL), Apache (APA) and Murphy Oil (MUR) headed the losers' list.

Baker Hughes gained 14.1%, topping the energy gainers, after announcing higher-than-expected earnings for the fourth quarter. Citigroup raised its target for Baker Hughes to $63 from $58, while maintaining a hold rating. Morgan Stanley raised its price target to $100 from $90, and maintained an overweight rating.

Teekay LNG Partners rose 13%. During the week, the company declared a cash distribution of 63 cents a unit for the fourth quarter, implying an increase of 3 cents, or 5% from the prior quarter.

"The partnership's growing portfolio of long-term, fixed-rate charters continues to provide a stable and increasing base of distributable cash flow," said Peter Evensen, CEO of Teekay, in a press release. "Today's distribution increase primarily reflects the incremental distributable cash flow resulting from the partnership's November 2010 acquisition of a 50% interest in two LNG carriers under long-term, fixed-rate charters with Excelerate Energy LP."

Carbo Ceramics (CRR) advanced 12.8% after reporting fourth-quarter earnings of 90 cents a share vs. consensus of 79 cents. The stock was raised to outperform at BMO Capital markets, while Global Hunter Securities cut the rating to accumulate from buy.

Halliburton (HAL) gained around 12% last week. Madison Williams upgraded Halliburton to buy from accumulate. Citigroup raised its price target to $56 from $50, maintaining its buy rating on the stock.

Holly (HOC) rose 11.9% following declaration of cash distribution of 84.5 cents a unit for the fourth quarter vs. 83.5 cents distributed in the prior quarter.

Helmerich & Payne (HP) advanced 11.3% after reporting first-quarter earnings of 96 cents a share vs. consensus of 82 cents a share. Revenue came in at $594.6 million vs. consensus $559.4 million.

Brigham Exploration (BEXP) surged 11.1% after announcing a production of 11,384 barrels of oil equivalent per day (boe/d) vs. the forecast of10,200-10,800 boe/d.

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