This Day On The Street
Continue to site
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

Energy Stocks: Winners and Losers

NEW YORK ( TheStreet) -- TransAtlantic Petroleum (TAT - Get Report), Forest Oil (FST) and Berry Petroleum Company (BRY) showed strength this past week, whereas Yingli Green Energy Holdings (YGE), SunPower (SPWRA) and Frontline (FRO) eroded substantial value.

TransAtlantic Petroleum was the major gainer last week, jumping 30.9%. Crude oil prices rallied last week after the European Central Bank (ECB) cut interest rates in a surprise move. Also, an options broker at GA Global Markets said the dollar will continue soft, while commodities like energy and precious metals will remain upbeat.

Forest Oil climbed 25% after the company recorded favorable quarterly results and subsequent to Bank of America upgrading the stock to buy rating from neutral. For the third quarter, the company recorded net profit of $82.8 million, or 72 cents per a share, up from $68.9 million, or 60 cents per share in the year-ago quarter. For the fourth quarter of 2011, the company estimates sales volume guidance of 335 Mmcfe per day.

Berry Petroleum Company accumulated 14% at close last week. Plains Exploration & Production (PXP) followed gaining 12.3%. For the third quarter of 2011, the company posted revenue of $501.8 million, vs. $387.8 million in the year-ago quarter. Net cash generated by operating activities was $345.2 million, a 70% increase over 2010 third quarter. Average daily sales volume increased 15% year-over-year, while average daily liquids sales volume grew 9%.

Exterran Holdings (EXH) advanced 12% at close last week. The company announced last week it estimates to incur additional charges with regard to the cost reduction program of almost $11 million to $14 million in the fourth quarter of 2011 through fiscal 2012.

RPC (RES - Get Report) moved up 9% after Canaccord Genuity upgraded the stock's rating to buy from hold with a price target of $24 indicating 17.1% upside from current levels, citing positive third-quarter results and under performance relative to peers.

Reporting positive quarterly earnings last week, Ultra Petroleum (UPL - Get Report) and EOG Resources (EOG) appreciated 7.2% and 6.8%, respectively. For the third quarter of 2011, UPL recorded 20% increase in adjusted earnings per share to $110.3 million, or 72 cents per share. Operating cash flow for the same period increased 29% to $257.3 million. Also, EOG recorded earnings per share of 83 cents, vs. 78 cents estimated by a Reuters analysts' poll. Revenue soared 82.4% with crude oil production increasing 54%.

Among losers, Yingli Green Energy Holdings was at the helm last week, down 22.8%. SunPower followed losing 17.2%. SunPower recorded a more than double loss of $370 million as compared to $$147.9 million loss in the second quarter of 2011.. Also, the company has narrowed its full-year revenue guidance to $2.4 billion to $2.45 billion from a previous view of $2.8 billion to $2.95 billion. Earnings per share are seen in the range of a loss of 5 cents to earnings of 20 cents, which compares to the earlier range of 75 cents to $1.25.

Frontline lost 16.6% at close last week.

Transocean (RIG) dropped 16.5% after reporting third quarter 2011loss of $71 million, or 22 cents per share, compared to net profit of $368 million, or $1.15 per share, in the year-ago quarter. Also, operating margin dropped to 12% from 27.8% for the same period. Besides, Weeden & Co. downgraded the stock from buy to hold last Thursday afternoon. The analyst's price target was reduced from $70 to $55.

Niska Gas Storage Partners (NKA) plunged 147% at close last week after its second quarter fiscal 2012 quarterly profit declined 12% due to weak natural gas prices. Total realized revenues dipped 9%.

Major solar stocks, LDK Solar (LDK), Trina Solar (TSL) and JA Solar Holdings (JASO) slipped 12.9% each last week.

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PXP $0.00 0.00%
EXH $0.00 0.00%
BRY $0.00 0.00%
FST $0.20 -4.76%
RES $12.67 -0.55%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs