OK energy stocks jumped as crude oil rose on Wednesday

Oil prices rise, fueled by hopes for OPEC+ supply cuts | Debriefer

 

Double-digit gains were recorded by some Oklahoma energy stocks as a larger-than-expected drawdown in U.S. crude inventories, including the amount in storage at Oklahoma’s Cushing hub, resulted in a more than $2 a barrel increase in oil prices Wednesday.

Analysts also attributed the jump on expectations that demand will increase as COVID-19 vaccination roll-outs increase across the nation.

West Texas Intermediate crude soared 3.3% on a $2.28 increase to $72.75 a barrel.

Brent crude went up $2.12 or 2.9% before settling at $75.72 a barrel on ICE Futures Europe.

The big bump on oil prices was felt by Oklahoma energy stocks where at least three firms had double-digit gains. Laredo Petroleum, NGL Energy Partners, and SandRidge Energy recorded gains reaching nearly 13%.

 

Alliance Resource Partners, L.P.
NASDAQ: ARLP

9.93 USD +0.30 (3.12%)

Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP

3.15 USD +0.080 (2.61%)

Chesapeake Energy Ord Shs
NASDAQ: CHK

62.98 USD +1.29 (2.09%)

Cimarex Energy Co
NYSE: XEC

80.12 USD +5.57 (7.46%)

Continental Resources, Inc.
NYSE: CLR

42.66 USD +3.21 (8.14%)

Cypress Environmental Partners LP
NYSE: CELP

1.40 USD −0.10 (6.67%)

Devon Energy Corp
NYSE: DVN

30.33 USD +2.06 (7.29%)

Enable Midstream Partners LP
NYSE: ENBL

7.90 USD −0.0100 (0.13%)

Gulfport Energy Corp
NYSE: GPOR

76.72 USD +3.44 (4.69%)

Helmerich & Payne, Inc.
NYSE: HP

27.23 USD +0.65 (2.45%)

LSB Industries, Inc.
NYSE: LXU

8.88 USD +0.10 (1.14%)

Laredo Petroleum Inc
NYSE: LPI

70.28 USD +7.89 (12.65%)

Magellan Midstream Partners, L.P.
NYSE: MMP

47.21 USD −0.44 (0.92%)

Mammoth Energy Services Inc
NASDAQ: TUSK

2.71 USD −0.14 (4.91%)

Matrix Service Co
NASDAQ: MTRX

9.91 USD −0.20 (1.98%)

NGL Energy Partners LP
NYSE: NGL

1.96 USD +0.22 (12.64%)

OGE Energy Corp.
NYSE: OGE

34.72 USD +0.050 (0.14%)

ONE Gas Inc
NYSE: OGS

65.37 USD −1.43 (2.14%)

ONEOK, Inc.
NYSE: OKE

55.71 USD +2.66 (5.01%)

Ovintiv Inc
NYSE: OVV

29.90 USD +1.25 (4.36%)

PHX Minerals Inc
NYSE: PHX

3.00 USD +0.25 (9.09%)

SandRidge Energy Inc.
NYSE: SD

12.05 USD +1.25 (11.57%)

Units Ord Shs
OTCMKTS: UNTC

28.75 USD +1.75 (6.48%)

Williams Companies Inc
NYSE: WMB

25.80 USD +1.04 (4.20%)

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Other energy stocks had the same kind of day with several seeing gains of nearly 8% according to the Texas Energy Report.

Apache (APA) up 1.27 at 20.62 – change 6.56%

Cabot Oil & Gas (COG) up 1.32 at 19.98 – change 7.07%

Cheniere (LNG) up 3.55 at 92.09 – change 4.00%

Chevron (CVX) up 2.04 at 98.24 – change 2.12%

ConocoPhillips (COP) up 2.38 at 59.32 – change 4.17%

Diamondback Energy (FANG) up 5.90 at 81.58 – change 7.79%

Energy Transfer LP (ET) down 0.06 at 9.24 – change 0.65%

Enterprise Products Partners (EPD) up 0.05 at 22.29 – change 0.22%

EOG Resources (EOG) up 5.79 at 75.31 – change 8.32%

ExxonMobil (XOM) up 1.84 at 56.42 – change 3.37%

Kinder Morgan (KMI) up 0.37 at 16.38 – change 2.31%

Marathon Oil Corp. (MRO) up 0.90 at 12.63 – change 7.67%

National Oilwell Varco (NOV) up 0.39 at 13.92 – change 2.88%

Occidental Petroleum (OXY) up 1.60 at 27.88 – change 6.08%

Phillips 66 (PSX) up 0.79 at 66.03 – change 1.21%

Pioneer Natural Resources (PXD) up 5.71 at 158.66 – change 3.73%

Valero (VLO) up 1.81 at 66.51 – change 2.79%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.50 at 87.33 – change 0.57%

CenterPoint (CNP) down 0.57 at 25.10 – change 2.19%

Entergy (ETR) down 1.50 at 112.89 – change 1.32%