OPEC and conronavirus hit Oklahoma energy stocks


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.