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: CHKCVXPBRCOPDEPSDCKHJASOSOL

Cie Generale de Geophysique - Veritas (CGV) advanced 11.9% last week, after reporting 2010 fourth quarter revenue at $905 million vs. consensus $729.2 million.

Range Resources (RRC) gained 11.5% during the week, after the company issued upbeat operations update. The company said that production volume for the fourth quarter jumped 18% from the year-ago period. Capital One Southcoast upgraded the stock to add from neutral, citing the company's positive operations update.

Continental Resources (CLR) added 9.3% after reporting 2010 fourth quarter adjusted earnings per share at 51 cents vs. estimates of 49 cents.

Brigham Exploration (BEXP) gained 8.9% during the week, after reporting 2010 fourth quarter adjusted earnings per share at 21 cents vs. consensus 19 cents. Average daily production during the quarter was 11,384 barrel of oil equivalent (BOE), which is expected to remain in the range of 11,300-12,000 BOE/day during 2011 first quarter. For full-year 2011, the management guided production in the range of 14,000-16,000 BOE/day.

Similarly, SM Energy (SM) rose 8.9% after reporting 2010 fourth quarter earnings per share at 57 cents vs. estimates of 30 cents.

Southwestern Energy (SWN) advanced 7.4% during the week. For the 2010 fourth quarter, the company reported earnings per share at 43 cents vs. estimates of 42 cents, while sales came in at $670.4 million vs. consensus $497.9 million.

MOL Hungarian Oil and Gas jumped 6.7% last week. Concorde Securities raised its rating on MOL to overweight, while Morgan Stanley raised its price target.

Key Energy Services (KEG) added 6.4% after UBS raised its target price for the stock to $16 from $14, maintaining buy rating. The bank increased its EPS estimates to 62 cents from 61 cents for 2011, and to 70 cents from 68 cents for 2012.

Other movers were Rosetta Resources (ROSE), Sasol (SSL), Berry Petroleum (BRY) and Noble (NE), up 8.4%, 8.0%, 7.9% and 6.9%, respectively.

Among oil giants, Chevron (CVX) jumped 5.1% after Valero Energy (VLO) is said to be in talks to buy Chevron's U.K. refinery. Meanwhile, Petroleo Brasileiro (Petrobras) (PBR), Apache (APA), and ConocoPhillips (COP) gained 5.7%, 2.4%, and 2.3%, respectively.

Seacor Holdings was the top loser for the second consecutive week, plunging around 14.5%. JA Solar fell 10.4%, despite reporting stronger-than-expected 2010 fourth quarter revenue at $584.3 million vs. consensus $570.9 million.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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