Energy gains made earlier this week were given up on Thursday

 

While oil futures fell Thursday apparently because of concerns about new restrictions on growing numbers of COVID-19 cases across the U.S., energy stocks surrendered gains made earlier in the week. Investors apparently are worried the restrictions will only weaken energy demand even more.

West Texas Intermediate crude finished down 12 cents at $41.62 per barrel.

Global benchmark Brent crude closed down 14 cents at $44.20 in trading on the ICE Futures Europe.

Natural gas was up 0.02 at 2.61 – change 0.63%..

Three firms that had a good trading day were Cypress Environmental Partners where shares rose 42 cents for a more than 20% jump to $2.51; Devon Energy where stocks increased 80 cents for a gain of 6.27% to $13.56; and Matrix Service Co. which closed at $10.33 following a 65-cent increase or a gain of 6.71%.

Others didn’t have as good a day including Alliance Resource Partners, L.P. whose shares dropped 10 cents for a tumble of 2.40% to $4.06. Blueknight Energy Partners LP gained a penny or about 1% to $1.61. Chesapeake Energy Corporation dropped 11 cents for a 3.43% decline to $3.10.

Continental Resources, Inc. gained 4.24% following a 63 cent climb to $15.49. Enable Midstream Partners LP settled up 12 cents at $5.16 for a gain of 2.38%. Gulfport Energy Corporation fell 1 cent for a 7.42% drop to 15 cents as it wades through Chapter 11 bankruptcy.
Helmerich & Payne, Inc. had a nearly 5% gain following a 98 cent increase per share to reach $20.75 by day’s end. LSB Industries, Inc. slipped one cent to $2.10. Laredo Petroleum Inc closed up about 3% or 29 cents per share at $11.41.
Magellan Midstream Partners, L.P. finished up $1.20 for a 3% gain to $42 per share. Mammoth Energy Services Inc. closed up 5 cents or 2.28% at $2.24.  OGE Energy Corp. settled up 21 cents or just about 1% at $33.48 for the day.
ONE Gas Inc. finished at $76.29 for a gain of 49 cents or nearly 1%. ONEOK, Inc. gained 99 cents a share for a gain of 3.06% to settle at $33.30. Ovintiv Inc. wrapped up the day up 17 cents for a gain of 1.39% at $12.43 per share.
PHX Minerals Inc. saw a 5 cent gain or 3% to $1.74. SandRidge Energy finished up 2 cents or not quite 1% at $2.74. WPX Energy Inc. rose 41 cents for a 6.38% gain to $6.92. Williams Companies Inc. tacked on 16 cents for nearly a 1% gain to $20.16.
The Texas Energy Report listed some other energy firms and how they did on Thursday.

Chevron (CVX) up 1.45 at 85.73 – change 1.72%

Concho Resources (CXO) up 0.57 at 57.24 – change 1.02%

ConocoPhillips (COP) up 0.28 at 39.47 – change 0.74%

Diamondback Energy (FANG) up 1.70 at 39.44 – change 4.50%

Energy Transfer LP (ET) up 0.47 at 6.12 – change 8.31%

Enterprise Products Partners (EPD) up 0.51 at 19.39 – change 2.70%

EOG Resources (EOG) up 0.53 at 45.46 – change 1.17%

ExxonMobil (XOM) up 0.19 at 37.40 – change 0.51%

Kinder Morgan (KMI) up 0.64 at 14.40 – change 4.65%

Marathon Oil Corp. (MRO) up 0.20 at 5.69 – change 3.64%

National Oilwell Varco (NOV) up 0.37 at 12.31 – change 3.09%

Occidental Petroleum (OXY) up 0.49 at 13.36 – change 3.80%

Parsley Energy (PE) up 0.27 at 12.17 – change 2.26%

Phillips 66 (PSX) up 0.70 at 61.45 – change 1.15%

Pioneer Natural Resources (PXD) up 2.02 at 96.63 – change 2.13%

Valero (VLO) down 0.04 at 51.21 – change 0.08%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 1.68 at 82.45 – change 2.00%

CenterPoint (CNP) down 0.32 at 23.43 – change 1.35%

 

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