Energy Stocks: Winners and Losers
NEW YORK (TheStreet) -- Atlas Pipeline Partners (APL), Sunoco (SUN) and Chesapeake Midstream Partners (CHKM) were top gainers last week, while LDK Solar (LDK), Suntech Power Holdings (STP) and Cheniere Energy Partners (CQP) lost considerable ground, topping the losers' list.
Atlas Pipeline Partners (APL), owner and operator of natural gas pipeline gathering systems in U.S., gained 3.4%. Morgan Stanley raised its price target on Atlas to $38 from $35 and maintained its overweight rating on the stock. The bank sees Atlas's 2011 earnings at $1.68 per share and 2012 earnings at $2.23 per share.
Sunoco (SUN) surged 2.2% last week after reporting better-than-expected quarterly numbers. Net income increased to $87 million or $0.72 per diluted share for 2010 fourth quarter, compared to $26 million or $0.22 per diluted share during the same quarter in 2009. The yearly financial numbers also staged a comeback. Sunoco reported net income of $234 million for 2010 versus a net loss of $329 million for full-year 2009.
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