This Day On The Street
Continue to site
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) -- OGX Petroleo e Gas Participacoes (OGXPY), Bankers Petroleum (BNKJF) and Precision Drilling (PDS - Get Report) were the top movers, while Vestas Wind Systems (VWDRY), First Solar (FSLR) and Cobalt International Energy (CIE) lost substantial ground last week.

OGX Petroleo e Gas Participacoes was the top gainer for the week, up 9.9%.

Bankers Petroleum rose 8.4% on record Q1 production numbers. The company's sales from its Albanian Patos-Marinza oilfield averaged around 11,900 barrels per day during the quarter, up 14% over fourth-quarter sales of 10,424 barrels per day. Banker's average production for Q1 was 12,147 barrels per day, while inventory was 168,000 barrels on March 31.

The other big grosser last week was Precision Drilling, gaining 8.3%. WorleyParsons (WYGPY), PTT Exploration & Production PCL (PEXNY), PTT PCL (PUTRF), Tatneft (OAOFY) and MOL Hungarian Oil and Gas (MGYOY), rose 7.8%, 6.7%, 6.1%, 6.1% and 5.2%, respectively.

Murphy Oil (MUR) surged 4.4% after the company announced its intention to sell its U.S. retail business in 2011. According to UBS, the sale could provide a $5 per share boost to valuation.

Other prominent winners were Sasol (SSL) and Energy XXI Bermuda (EXXI), up 4.2% and 4.1%, respectively.

Statoil (STO) rose 3.9% last week after U.S. regulators issued the company its second permit for drilling in the deep waters of the Gulf of Mexico. According to the Bureau of Ocean Energy Management, Regulation and Enforcement, the work site is about 219 miles offshore, south of Houma, Louisiana. Another topper was Nabors Industries (NBR) soaring 3.9% after Macquarie upgraded the stock to outperform from neutral. The brokerage firm raised the price target to $37 per share from $25.

Other movers were Pengrowth Energy (PGH), China Petroleum & Chemical (SNP) and China Oilfield Services (CHOLY), advancing 3.7%, 3.7% and 3.6%, respectively.

Suncor Energy (SU) gained 3% after the company received a U.S. Patent for bituminous froth inline steam injection processing on March 29.

YPF (YPF) rose 3% after Moody's upgraded the company's Baa1 rating to stable from negative.

Berry Petroleum (BRY), Petroleum Geo-Services (PGSVY), Technip (TKPPY), Canadian Oil Sands (COSWF) and Linc Energy (LNCCY) advanced around 2.9%, 2.8%, 2.8%, 2.5% and 2.5%, respectively.

The biggest loser was Vestas Wind Systems, down 8.5% after UBS added the stock to its least favored list during the week. Besides, JP Morgan maintained caution on the stock.

First Solar (FSLR) erased 8.2% last week. According to Bloomberg, the construction plan of a 120-megawatt solar panel factory in Blanquefort by First Solar and French company EDF Energies Nouvelles will remain on hold, until government tenders for solar projects are disclosed.
1 of 2

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
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
WFT $6.34 -5.93%
STRI $0.45 2.27%
PDS $2.88 -6.49%
SOL $1.30 -5.80%
SWN $8.37 -10.39%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs