Maybe that old Johnny Cash Song “Burning Ring of Fire” describes best what happened to energy stocks on Tuesday—“down, down, down And the flames went higher.”
Alliance Resource Partners slipped more than 3% or 9 cents to $2.71 per share. Blueknight Energy Partners closed at $1.35, down 3 cents for a 2.17% decline. Chesapeake Energy finished at $4.28, down a dime or 2.28%.
Continental Resources fell 20 cents for a 1.49% drop to $13.19. On the other hand, Cypress Environmental closed at $2.28, up five cents or 2.24%. Devon Energy finished down at $9.50, dropping 36 cents or 3.65%. Enable Midstream closed up a penny at $4.81 per share.
Helmerich and Payne lost 16 cents for a 1.06% decline to $14.89. LSB Industries closed down 6 cents for a nearly 3% decline to $2.10. Laredo Petroleum closed at $9.34, a drop of 28 cents or about a 3% decline.
Magellan Midstream lost 74 cents or 2% to settle at $36.52. Mammoth Energy suffered a nearly 6% decline amounting to 10 cents a share before finishing at $1.67. Matrix Service lost 49 cents for a 6% decline to $8.16.
NGL Energy Partners finished down a penny at $3.99. OGE Energy closed down 97 cents or 3.02% at $31.14. ONE Gas dropped a dime to $73.70. ONEOK jumped 28 cents a share for a 1% increase to $29.45
Ovintiv Inc. finished up 7 cents or 1% at $9.48 per share. Panhandle Oil and Gas slid 2.45% or 4 cents to $1.59. SandRidge Energy closed up 5 cents for a 3% increase to $1.73.
WPX Energy slipped 18 cents or 3.53% to $4.92. Williams Cos. ended Tuesday’s trading a $19.42, a slide of 3 cents.
Others saw similar trading which amounted to declines in the value of their shares.
Chevron (CVX) down 1.12 at 73.40 – change 1.49%
Concho Resources (CXO) down 0.58 at 44.14 – change 1.30%
ConocoPhillips (COP) down 0.71 at 34.88 – change 2.00%
Diamondback Energy (FANG) down 0.79 at 30.41 – change 2.54%
Energy Transfer LP (ET) up 0.08 at 6.13 – change 1.32%
Enterprise Products Partners (EPD) down 0.29 at 17.04 – change 1.68%
EOG Resources (EOG) up 0.43 at 38.64 – change 1.12%
ExxonMobil (XOM) down 0.41 at 34.22 – change 1.19%
Kinder Morgan (KMI) down 0.17 at 12.61 – change 1.34%
Marathon Oil Corp. (MRO) down 0.06 at 4.23 – change 1.40%
National Oilwell Varco (NOV) down 0.41 at 8.63 – change 4.54%
Occidental Petroleum (OXY) down 0.29 at 10.52 – change 2.69%
Phillips 66 (PSX) down 2.19 at 51.27 – change 4.10%
Pioneer Natural Resources (PXD) down 0.53 at 88.15 – change 0.60%
Valero (VLO) down 1.66 at 41.43 – change 3.86%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 1.25 at 89.23 – change 1.39%