Market Overview

Traders Take Profits In Low-Priced Energy Stocks


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. (NYSE: DNR) - down 5.7 percent following a ~22 percent rally on Wednesday
  • EXCO Resources Inc (NYSE: XCO) - down 10.7 percent following a ~27 percent run up
  • Bill Barrett Corporation (NYSE: BBG) - down 11 percent following a ~23 percent rise
  • Bellatrix Exploration Ltd (NYSE: BXE) - down 8 percent following a ~23 percent rise
  • Azure Midstream Partners LP (NYSE: AZUR) - down 8 percent following a ~35 percent move higher
  • Mid-Con Energy Partners (NASDAQ: MCEP) - down just 2.7 percent following a ~32 percent rise over Tuesday and Wednesday's sessions.

Posted-In: Commodities Intraday Update Markets Movers Trading Ideas


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