This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Energy Stocks: Winners and Losers

NEW YORK ( TheStreet) -- Tesoro (TSO - Get Report), National Oilwell Varco (NOV - Get Report) and Dresser-Rand Group (DRC - Get Report) showed strength this past week, while InterOil (IOC), Lufkin Industries (LUFK) and Exterran Holdings (EXH - Get Report) 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 - Get Report) 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.

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DRC $79.96 0.00%
EXH $32.89 0.00%
IOC $44.65 0.00%
NOV $49.25 0.00%
VLO $61.87 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs