Energy Stocks: Winners and Losers
NEW YORK (TheStreet) -- Exterran Holdings (EXH), ONEOK Partners (OKS) and DCP Midstream Partners (DPM) showed strength this past week; Renesola (SOL), Trina Solar (TSL), JA Solar Holdings (JASO) and Advantage Oil & Gas (AAV) eroded substantial value.
Exterran Holdings led the pack of winners last week, up 18.4%.
ONEOK Partners rose 8.7%. The stock was raised to outperform from neutral at Credit Suisse. The price target was increased to $54 a share from $45.
DCP Midstream Partners improved 7.7%.
Total SA (TOT) gained 5.8%. Total's unit Elf Aquitaine has won a bid at the European Union on anti-trust fines levied for its alleged role in the monochloroacetic acid cartel. The EU has scrapped a judgment against Elf Aquitaine, Reuters reports. During the past week, Total received a U.S. patent for its method and device for compressing a multiphase fluid. ENI SPA (E) was up 5%. Eni and OAO Rosneft are negotiating to undertake a Black Sea oil project, Wall Street Journal reports. The joint venture is expected to develop Shatsky Ridge oilfield in the Black Sea with estimated reserves of 6 billion barrels, the newspaper reports. CNOOC (CEO) added 4.9%. Bloomberg reports the stock may have gained on speculation the company could double its initial estimates at China's largest offshore natural gas deposits in the South China Sea. Exxon Mobil (XOM) rose 4.8%. Exxon and Ukraine's Naftogaz have signed an agreement to explore and develop shale gas deposits in Ukraine. According to Energy Information Administration, Ukraine has shale gas reserves estimated at 42 trillion cubic feet. Enbridge (ENB) edged up 3.4%. PetroChina (PTR) piled 3.3%. The company is entering into a joint venture with Shell to buy Bow Energy for Australian Dollar 535 million ($513 million). Shares of Statoil ASA (STO) and Williams Partners (WPZ) climbed 3.3% and 2.9%, respectively. Other movers were Chevron (CVX) (+2.9%), Tesoro (TSO) (+2.8%), Provident (PVX) (+2.6%), China Petroleum & Chemical Corp. (SNP) (+2.6%) and Sunoco Logistics Partners (SXL) (+2.5%). ReneSola was the top decliner, plunging 22.9%. Other solar players, Trina Solar and JA Solar Holdings shed 20.9% and 19.1%, respectively. Advantage Oil & Gas declined 15%. Other stocks that pared losses included TransAtlantic Petroleum (TAT) (-14.1%), CARBO Ceramics (CRR) (-13.6%), Rosetta Resources (ROSE) (-12.9%), Nabors Industries (NBR) (-12.9%), Suntech Power Holdings (STP) (-12.5%), Precision Drilling (PDS) (-11.9%), SunPower (SPWRA) (-11.3%), Yingli Green Energy Holding (YGE) (-10.4%), Frontline Ltd/Bermuda (FRO) (-10.4%) and First Solar (FSLR) (-10%). Helmerich & Payne (HP) dropped 9%. The stock was downgraded to market perform from outperform at Sanford Bernstein. The 12-month target price is $57 a share.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim 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
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
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
Stocks Under $10
TRY IT FREEDavid 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
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll 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 + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur 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