This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Energy Stocks: Winners and Losers

Stocks in this article: BHI TGP FTO

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

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!


DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs