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April 9, 2020, 2:25 p.m. EDT

Energy stocks turn down, as crude oil swings from big gain to a big loss

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By Tomi Kilgore

Energy stocks fell into the red in afternoon trading Thursday, as crude oil prices swung from a big gain to a big loss amid volatile trading amid reports that Saudi Arabia and Russia had reached agreement on output cuts. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE +2.78% dropped 1.2%, after being up as much as 6.5% earlier, as crude oil futures flipped from a rally of as much as 13.0% to a decline of 6.6%. Among the more active components of the energy ETF, Exxon Mobil Corp.'s stock /zigman2/quotes/204455864/composite XOM +2.94% slipped 0.3%, to pare earlier gains of as much as 12.2%; Marathon Oil Corp. shares /zigman2/quotes/205031829/composite MRO +2.38% erased an intraday gain of as much as 15.2% to be up 1.9%; Apache Corp.'s stock /zigman2/quotes/200648444/composite APA +4.44% was up 4.8% after being up 32.8% at its intraday peak; Halliburton Co.'s stock /zigman2/quotes/210488727/composite HAL +2.42% swung from a gain of as much as 11.2% to be down 5.1%; and Devon Energy Corp. /zigman2/quotes/209479244/composite DVN +1.40% slipped 0.2% after being up 12.2%. The energy ETF has now lost 43.8% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.23% has declined 14.8%.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 39.55
+1.07 +2.78%
Volume: 37.44M
May 26, 2020 4:00p
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 45.91
+1.31 +2.94%
Volume: 20.36M
May 26, 2020 4:00p
P/E Ratio
17.25
Dividend Yield
7.58%
Market Cap
$194.12 billion
Rev. per Employee
$3.93M
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 6.03
+0.14 +2.38%
Volume: 28.90M
May 26, 2020 4:00p
P/E Ratio
18.83
Dividend Yield
0.00%
Market Cap
$4.77 billion
Rev. per Employee
$2.46M
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/zigman2/quotes/200648444/composite
US : U.S.: NYSE
$ 12.71
+0.54 +4.44%
Volume: 15.22M
May 26, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.79%
Market Cap
$4.80 billion
Rev. per Employee
$2.15M
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 11.87
+0.28 +2.42%
Volume: 23.32M
May 26, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
1.52%
Market Cap
$10.41 billion
Rev. per Employee
$399,917
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/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 12.31
+0.17 +1.40%
Volume: 9.08M
May 26, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
3.57%
Market Cap
$4.71 billion
Rev. per Employee
$3.49M
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/zigman2/quotes/210599714/realtime
US : S&P US
2,991.77
+36.32 +1.23%
Volume: 3.36B
May 26, 2020 5:20p
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