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TheStreet Open House

Energy Stocks: Winners and Losers

Stocks in this article: OASBEXPCGV

NEW YORK ( TheStreet) -- Oasis Petroleum (OAS), Brigham Exploration (BEXP), CGG Veritas (CGV), McMoRan Exploration (MMR) and GT Solar (SOLR) were top-performing energy stocks last week.

Meanwhile, LDK Solar (LDK), Yingli Green Energy (YGE), Aventine Renewable Energy Holdings (AVRW), Trina Solar (TSL) and ReneSola (SOL) declined sharply.

Oasis Petroleum advanced 11.2% on strong first-quarter results. Production increased 146% to 8,090 barrels of oil equivalent (Boe) per day from the same period last year. Adjusted earnings before interest, taxes, depreciation and amortization during the March quarter rose to $41.1 million vs. $29.5 million in the first quarter of 2010.

Brigham Exploration rose 10.6%. Equity analyst Dan McSpirit of BMO Capital markets raised the stock to outperform from market perform last week. His target price for the stock is $40 per share.

CGGVeritas jumped 9.3% last week after announcing the formation of a marine joint venture with Elnusa of Indonesia. The new entity will deliver 2D and 3D marine seismic acquisition services to oil and gas company clients.

McMoRan climbed 8.6% during the week.

GT Solar closed 8.5% higher last week. The supplier of solar equipment received a $228 million order to deliver polysilicon production equipment to South Korean firm OCI.

Vestas Wind Systems (VWDRY) improved 8.2% after winning an order for 111 turbines. The order includes delivery of 111 V90, 1.8MW turbines to Enel Green Power North America in a five-year service and maintenance agreement. The company will start shipping units from the second half of 2011.

Berry Petroleum (BRY) advanced 7.5% last week.

SeaDrill (SDRL) edged up 7.3% after North Atlantic Drilling, its 75%-owned subsidiary, received a $100 million order for the semisubmersible drilling rig West Alpha for operations in the Norwegian Continental Shelf.

Comstock Resources (CRK) gained 7.1% during the week.

The Calgary-based oil company Bankers Pete(BNKJF) surged 7% after reporting positive quarterly results. The company's net income during the March quarter was $11.2 million, or 4 cents per diluted share, compared with a loss of $363,000 during the same period last year. Revenue rose to $72.7 million from $35.1 million in the March quarter of 2010.

NewField Exploration (NFX) surged 6.9% during the week.

El Paso (EP) gained 6.4% past week, buoyed by news that its Tennessee gas pipeline in Louisiana Bay that was shut down on April 21 following a leak may return to service on May 27.

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