The nation’s energy industry took it on the nose again Wednesday and some of Oklahoma’s oil and gas firms suffered too.
Enable Midstream, based in Oklahoma City experienced a 20% drop in stock value as Wednesday trading saw shares trading at $4.75 each. For the year, Enable shares have seen a 68% drop in value as the 52-week range was from $1.86 up to $15.18.
Shares in Continental Resources dropped at least 9% this week trading at $8.85 at mid-Wednesday morning. The company’s 52-week high was $52.04 per share.
Halliburton and Marathon Oil were each down 8% in value this week.
Oklahoma City’s Devon Energy saw shares drop 6% in value. Trading was around $8.81 at mid-day Wednesday, down about 20 cents from the opening. Devon’s 52-week high was $35.39.