NEW YORK ( TheStreet) - Southern Union (SUG), McMoran Exploration (MMR), SunPower (SPWRA) and Cenovus Energy (CVE - Get Report) were top performers the past week, while STR Holdings (STRI - Get Report), Transatlantic Petroleum (TAT - Get Report) and EXCO Resources (XCO - Get Report) eroded value.
Among the advancers for the week, Southern Union topped the charts, jumping 17.6%, as Williams Cos. offered to buy Southern Union for $4.86 billion in an all-cash transaction, higher than the bid by Energy Transfer Equity LP.
McMoran Exploration rose 13.7% as CEO James Moffett is optimistic on gas finds in the shallow waters of Gulf of Mexico. He believes that new prospects could be valued at $50 to $65 per share. He further added that gas discoveries could have no liquids, but may produce gas liquids if found.
SunPower gained 11.8%.
Cenovus Energy advanced 8.3% after equity analyst John Mawdsley at Alta Corp Capital maintained a market outperform rating on the stock with a target price of $42.3 per share.
rose 11.8% over the week.
(FTI - Get Report)
moved up 10.9% after the company signed an agreement with Shell Development (Australia) to supply sub-sea production and other related equipment and services used in field development. The company is required to supply seven large-bore sub-sea production trees, riser bases, sub-sea control systems, production manifolds and other related equipment.
(SM - Get Report)
added 10.7% after the company announced plans to sell 12.5% stake in Eagle Ford shale to a Mitsui & Co. subsidiary for $680 million, as the proceeds could be used to develop assets in the shale play.
(TSL - Get Report)
advanced 10.5% after analysts at Maxim Group rated a new buy on the stock with a price target of $26 per share. Brigantine Advisors equity analyst Ramesh Misra also rated it a buy with a target price of $35 per share.
increased 10.1% after equity analyst John Selser of IBERIA Capital Partners raised the stock to outperform from sector perform with a target price of $42 per share.
Other winners included
(SFY - Get Report)
(CRR - Get Report)
(BRS - Get Report)
(PTEN - Get Report)
(NOV - Get Report)
piled 8.9% and
Oil States International
(OIS - Get Report)