Higher oil prices lead to higher energy stocks

 

Oil futures were up in Wednesday’s trading and so were shares of Oklahoma energy stocks.

It was the third straight trading session for an increase in oil and gas shares as global inventories continued to slide.

West Texas Intermediate crude for March delivery ended up 93 cents to close at $55.69 a barrel in trading on the New York Mercantile Exchange.

Brent crude for April delivery finished up $1 to $58.46 a barrel in trading on ICE Futures Europe.

Most Oklahoma energy stocks saw gains for the day with a handful of companies seeing 8 and 9% increases.

Laredo Petroleum Inc. saw the biggest gain at 9.01% when its shares rose $2.28 to settle at $27.58.

Ovintiv Inc jumped $1.49 for a gain of 8.89% to $18.25.
SandRidge Energy Inc. had a gain of 8.73% as shares rose 40 cents to reach $4.98.
Continental Resources, Inc. gained 8.67% as shares climbed $1.65 to $20.68.
Still others had a positive day too.
Alliance Resource Partners, L.P. finished up 7 cents for a more than 1% gain to $6.23.
Blueknight Energy Partners LP Common Stock increased 14 cents for a 7% gain to $2.16.
Cimarex Energy Co gained about 5% as shares rose $2.19 to reach $46.83.
Cypress Environmental Partners LP went up 16 cents for a nearly 6% gain to $2.90.
Devon Energy Corp gained 7.31% as shares finished up $1.24 to end the day at $18.20.
Enable Midstream Partners LP closed up 11 cents for a 2% gain to $5.58.
Helmerich & Payne, Inc. rose $1.32 for a 5.38% gain to $25.86.
LSB Industries, Inc. finished up a dime for a 2.64% gain to $3.89.
Magellan Midstream Partners, L.P. had a 1.48% gain as stocks rose 62 cents at $42.38.
Mammoth Energy Services Inc closed up 20 cents for a nearly 5% gain to $4.30.
Matrix Service Co settled at $12.76 for a 22 cent increase and a 1.75% gain.
ONEOK, Inc. finished at $42.48 with a 3.08% gain and a $1.27 increase.
PHX Minerals Inc rose 18 cents for a 6.52% gain to $2.94.
Williams Companies Inc finished with a 2.33% gain as shares increased 50 cents to reach $21.92.
Only a few Oklahoma energy stocks suffered losses in Wednesday’s trading.
Chesapeake Energy Corporation lost 15 cents for a 3.57% drop to $4.05.
Gulfport Energy Corporation fell nearly 4% to slightly more than 8 cents a share.
NGL Energy Partners LP lost two cents in Wednesday’s trading to finish down 1% to $2.77.
OGE Energy Corp. lost 43 cents for a 1.38% slide to $30.81.
ONE Gas Inc dropped $1.55 for a 2.11% loss to $71.91.
Numerous other oil and gas companies saw gains in Wednesday’s trading according to the Texas Energy Report.

Chevron (CVX) up 1.90 at 88.96 – change 2.18%

ConocoPhillips (COP) up 2.24 at 43.21 – change 5.46%

Diamondback Energy (FANG) up 5.16 at 63.58 – change 8.84%

Energy Transfer LP (ET) up 0.14 at 6.67 – change 2.14%

Enterprise Products Partners (EPD) down 0.45 at 20.65 – change 2.14%

EOG Resources (EOG) up 4.62 at 55.88 – change 9.01%

ExxonMobil (XOM) up 1.79 at 47.42 – change 3.92%

Kinder Morgan (KMI) up 0.43 at 14.24 – change 3.11%

Marathon Oil Corp. (MRO) up 0.42 at 7.80 – change 5.69%

National Oilwell Varco (NOV) up 0.72 at 13.62 – change 5.58%

Occidental Petroleum (OXY) up 1.29 at 22.02 – change 6.22%

Phillips 66 (PSX) up 2.63 at 71.29 – change 3.83%

Pioneer Natural Resources (PXD) up 7.06 at 126.64 – change 5.90%

Valero (VLO) up 2.33 at 60.10 – change 4.03%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.83 at 81.28 – change 1.02%

CenterPoint (CNP) down 0.35 at 21.15 – change 1.63%

Entergy (ETR) down 0.94 at 94.89 – change 0.99%