Traders Take Profits In Low-Priced Energy Stocks

Loading...
Loading...

One group of stocks seemed to be the clear laggard in Thursday's holiday-shortened trading session: low-priced Energy stocks.

A cluster of these stocks had a strong week, capped by rallies on both Tuesday and Wednesday. While individual company-related news was not seen over the course of the week, crude oil prices that touched the highest level in nearly a month certainly might have helped guide trader's decisions.

A barrel of NYMEX crude oil, hitting a multi-year low at $34.53 last week, rebounded to around the $37.99 level as of late Thursday morning.

Here are a few low-priced, but notable stocks trading lower in the Energy sector Thursday, most of which are in the Exploration & Production industry:

  • Denbury Resources Inc. DNR - down 5.7 percent following a ~22 percent rally on Wednesday
  • EXCO Resources Inc XCO - down 10.7 percent following a ~27 percent run up
  • Bill Barrett Corporation BBG - down 11 percent following a ~23 percent rise
  • Bellatrix Exploration Ltd BXE - down 8 percent following a ~23 percent rise
  • Azure Midstream Partners LP AZUR - down 8 percent following a ~35 percent move higher
  • Mid-Con Energy Partners MCEP - down just 2.7 percent following a ~32 percent rise over Tuesday and Wednesday's sessions.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: CommoditiesIntraday UpdateMarketsMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...