NEW YORK ( TheStreet) -- Tesoro (TSO), National Oilwell Varco (NOV) and Dresser-Rand Group (DRC) showed strength this past week, while InterOil (IOC), Lufkin Industries (LUFK) and Exterran Holdings (EXH) saw substantial declines.
Tesoro led the pack of energy winners last week by gaining 16.2%.
National-Oilwell Varco rose 14.8% after Standpoint Research initiated coverage on the stock with a buy rating and a price target of $74, which is 26% greater than current levels.
Dresser-Rand Group increased 12.1% after Tupi and Guara awarded the company a compression equipment and services contract valued nearly $700 million. The deal includes up to 80 Datum compressor trains that will be installed on eight floating, production, storage and offloading (FPSO) vessels.Valero Energy (VLO) improved 11.2%. Last week, the company completed the purchase of Murphy Oil's (MUR) refinery and related logistics assets at Meraux for $325 million along with crude oil inventories valued $260 million. Yingli Green Energy Holdings (YGE) was up 10.6% after research analysts at Bank of America/Merrill Lynch initiated coverage on the stock with a buy rating. Eni SpA (E) increased 9.5%. The company announced last week it has reached an agreement with French power group GDF Suez to acquire a 10.4% stake in Elgin-Franklin gas condensate fields for $804.5 million. Halliburton (HAL) appreciated 9.2%. The company has completed the acquisition of Multi-Chem Group announced initially in September. Solar companies ReneSola (SOL) and LDK Solar (LDK) gained 9.9% and 9%, respectively, while JA Solar Holdings (JASO) rose 5.6%. Noble Energy (NBL) added 6.3% at the close last week. The company has finalized its joint venture partnership with Consol Energy (CNX) for the development of Marcellus Shale assets in Southwest Pennsylvania and Northwest West Virginia, the U.S. InterOil shed 12.8%, emerging the top loser this past week. Lufkin Industries fell 11.4%. Last week, the company reported preliminary unaudited financial results for the third quarter of 2011. Based on the financial data, the company expects to report third-quarter revenue in the range of $225 million to $235 million, vs. the previous guidance of $230 million to $250 million, and earnings per diluted share between 55 cents and 60 cents, compared with the earlier view of $0.72 to $0.82. Exterran Holdings dropped 9.6% last week.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All 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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV