A soaring Monday for energy stocks

 

As the old 5th Dimension song said “Up, Up and Away!” is the best description for what happened in Monday’s trading of Oklahoma energy stocks.  Some jumped as much as 10% from Friday’s results and it’s clear that managers of the energy firms hope it’s a sign of better days to come amidst the COVID-19 pandemic.

Alliance Resource Partners, L.P. rose 8 cents or about 3% to reach $2.94. Blueknight Energy Partners LP increased 2 cents or 1.39% to hit $1.46 per share. Chesapeake Energy had a 7 cent or 1.79% increase to $3.97.

Continental Resources jumped nearly 8% or 95 cents per share and settled at $13.24. Cypress Environmental Partners LP was unchanged at $2.10. Devon Energy finished up 55 cents or 5.73% a share at $10.15.

Enable Midstream Partners settled at $4.45 for a 1 cent increase. Helmerich and Payne finished at $14.56, up 55 cents for a 4% gain. Laredo Petroleum ended the day up 5 cents at $9.29.

Magellan Midstream Partners rose $1.03 per share for a 3% gain to reach $35.70. Mammoth Energy Services ended up 9 cents for a nearly 6% gain to $1.68. Matrix Service Company added 9 cents for a 1% gain to $8.81.

OGE Energy Corp finished Monday’s trading with a 3.12% gain of 97 cents a share to $32.03. ONE Gas rose 60 cents or 1% to hit $70.29. ONEOK gained 4% or $1.08 per share and settled at $27.61.

Ovintiv Inc. added 72 cents for a 9.29% gain to $8.47. Panhandle Oil and Gas finished with a 3.36% gain of 5 cents a share to reach $1.54. SandRidge Energy finished at $1.76 for a 9.32% or 15 cent gain.

WPX Energy ended at $5.24 for a 31 cent or 6.29% gain. Williams Companies finished trading with a gain of 45 cents per share or 2.36% to reach $19.54.

Here’s how other stocks did on Monday.

Chevron (CVX) up 1.51 at 72.70 – change 2.12%

Concho Resources (CXO) up 1.44 at 44.51 – change 3.34%

ConocoPhillips (COP) up 1.21 at 34.28 – change 3.65%

Diamondback Energy (FANG) up 0.40 at 30.87 – change 1.31%

Energy Transfer LP (ET) up 0.09 at 5.52 – change 1.65%

EOG Resources (EOG) up 1.65 at 36.46 – change 4.74%

ExxonMobil (XOM) up 0.76 at 33.74 – change 2.30%

Kinder Morgan (KMI) up 0.28 at 12.60 – change 2.35%

Marathon Oil Corp. (MRO) up 0.11 at 4.23 – change 2.66%

National Oilwell Varco (NOV) up 0.26 at 8.96 – change 2.98%

Noble Energy (NBL) up 0.12 at 8.46 – change 1.43%

Occidental Petroleum (OXY) up 0.64 at 10.51 – change 6.48%

Phillips 66 (PSX) up 1.49 at 52.55 – change 2.91%

Pioneer Natural Resources (PXD) up 2.78 at 89.32 – change 3.21%

Valero (VLO) up 2.34 at 43.07 – change 5.74%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 1.75 at 87.05 – change 2.05%