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Petroleum industry

Energy Stocks Push Higher Amid Market Volatility

Strategic Insights

— 2 min read

Energy stocks saw a boost on Friday, February 20, 2015, as three major indices traded lower. The Dow Jones Industrial Average (^DJI) was up 11 points (0.1%) at 17,997, despite the NYSE advances/declines ratio sitting at 1,566 issues advancing vs. 1,413 declining with 145 unchanged. The Energy industry currently sits down 0.5% versus the S&P 500, which is down 0.1%.

The top gainers within the industry include Buckeye Partners (BPL), up 2.6%, Western Gas Equity Partners (WGP), up 2.4%, Enterprise Products Partners (EPD), up 1.1%, Energy Transfer Partners (ETP), up 1.3%, and Energy Transfer Equity (ETE), up 0.8%. On the negative front, top decliners within the industry include EOG Resources (EOG), down 3.1%, Ecopetrol (EC), down 1.7%, Noble Energy (NBL), down 1.4%, Marathon Oil (MRO), down 1.6%, and Continental Resources (CLR), down 1.0%.

Key Takeaways:

  • Plains All American Pipeline (PAA) is a top performer in the Energy industry, up $1.17 (2.3%) to $51.67 on light volume.
  • Cabot Oil & Gas (COG) is also a notable performer, up $0.56 (2.0%) to $28.26 on average volume.
  • Royal Dutch Shell (RDS.A) is another major player in the industry, up $0.41 (0.6%) to $65.49 on light volume.
  • 15 analysts rate Plains All American Pipeline a buy, while 19 analysts rate Cabot Oil & Gas a buy, and 13 analysts rate Royal Dutch Shell a hold.
  • TheStreet Ratings rates Plains All American Pipeline as a buy, Cabot Oil & Gas as a hold, and Royal Dutch Shell as a hold.

Statistics:

  • Dow Jones Industrial Average (^DJI): up 11 points (0.1%) at 17,997
  • NYSE advances/declines ratio: 1,566 issues advancing vs. 1,413 declining with 145 unchanged
  • Energy industry: down 0.5% versus the S&P 500, which is down 0.1%
  • Buckeye Partners (BPL): up 2.6%
  • Western Gas Equity Partners (WGP): up 2.4%
  • Enterprise Products Partners (EPD): up 1.1%
  • Energy Transfer Partners (ETP): up 1.3%
  • Energy Transfer Equity (ETE): up 0.8%
  • EOG Resources (EOG): down 3.1%
  • Ecopetrol (EC): down 1.7%
  • Noble Energy (NBL): down 1.4%
  • Marathon Oil (MRO): down 1.6%
  • Continental Resources (CLR): down 1.0%
  • Plains All American Pipeline (PAA): $51.67, up $1.17 (2.3%)
  • Cabot Oil & Gas (COG): $28.26, up $0.56 (2.0%)
  • Royal Dutch Shell (RDS.A): $65.49, up $0.41 (0.6%)
  • 15 analysts rate Plains All American Pipeline a buy, while 19 analysts rate Cabot Oil & Gas a buy, and 13 analysts rate Royal Dutch Shell a hold.

Sources:

  • TheStreet
  • TheStreet Ratings
  • TheStreet Quant Ratings
  • Dow Jones Industrial Average (^DJI)
  • NYSE
  • Energy Select Sector SPDR (XLE)
  • Proshares Short Oil & Gas (DDG)

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