Between January 5 and January 12, 2018, upstream stocks Parsley Energy (PE) and Southwestern Energy (SWN) were the first and fifth top losers, respectively, among energy stocks. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 3.1% that week.
Energy stocks for this analysis were from the VanEck Vectors Oil Services ETF (OIH), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), the Energy Select Sector SPDR ETF (XLE), and the Alerian MLP ETF (AMLP). We also included a few US-listed integrated energy stocks.
Other energy stocks
Last week, oilfield services stock Oceaneering International (OII) ranked second, and downstream stock PBF Energy (PBF) ranked third among our list of top losers. On January 9, 2018, OII announced that it got a contract from Statoil Petroleum for the supply of umbilicals.
Midstream stock Holly Energy Partners (HEP) ranked fourth in our top energy losers. On January 11, 2018, HEP announced that it will report 4Q17 earnings results on February 20, 2018.
These top energy losers also underperformed the S&P 500 Index (SPY) and US crude oil February futures in the week ended January 12, 2018. That week, the S&P 500 Index (SPY) rose 1.6%, and US crude oil futures gained 4.7%. On January 12, US crude oil futures closed at $64.30 per barrel, their highest closing price since December 8, 2014.
Between January 5 and January 12, 2018, the United States Natural Gas ETF (UNG), which holds positions in active natural gas futures, gained 14.5%.
Yum! Brands (YUM) is set to report its first-quarter earnings before the market opens on May 1.
Merchant power player NRG Energy (NRG) is slated to report its first-quarter earnings on May 2. According to consensus estimates, NRG will report earnings of $0.56 per share for the quarter, which ended on March 31.
Fortinet (FTNT) is scheduled to announce its first-quarter results on May 2.
AK Steel (AKS) is scheduled to release its first-quarter earnings on April 29 after the markets close. The company is to hold its earnings call on April 30.
Apple (AAPL) is scheduled to release its second quarter of fiscal 2019 results on April 30 after markets close.
Clorox (CLX) stock was trading flat on a year-to-date basis as of April 24, and it has underperformed the broader markets as well as its peers.