Philip van Doorn

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Sept. 17, 2019, 7:37 a.m. EDT

These oil stocks rise the most after supply disruption in the Middle East

There were 39 energy companies in the S&P Composite 1500 with double-digit share-price increases

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By Philip van Doorn, MarketWatch


AP
Smoke from a fire at the Abqaiq oil processing facility in Buqyaq, Saudi Arabia.

(Updated with market close information.)

Shares of energy companies shot up Monday in the wake of the aerial attack on Saudi Arabia’s Abqaiq oil facility. That led to the suspension of about 5% of world oil production, the largest supply disruption ever.

Phil Flynn, a senior market strategist with the Price Futures group who writes a daily energy report , said that even though the oil-supply disruption from the weekend attack was larger than those suffered during the Gulf War in 1991 or Iran’s revolution in 1979, this cut is “a little less ominous” because the size of the oil market is so much larger today.

More coverage of the oil supply disruption:

• A jump in oil prices is creating trading opportunities in these investments

• Stocks tend to rise in months after a big oil-price jump — but beware the drawdowns

• Why the Saudi oil attack is a ‘big deal’ that could be a ‘game changer’ in stock markets and crude prices

• Here are the three key times the U.S. tapped into its massive emergency-oil reserves

• Why Saudi Arabia’s output hit won’t lead to shocking prices at the gas pump

West Texas crude oil for October delivery  rose 14.7% to settle at $62.90 a barrel, for its largest one-day gain for the most active contract since Sept. 22, 2008, according to Dow Jones Market Data. Brent crude oil for November  settled at $69.02 a barrel, for a 14.6% gain — its largest on record.

The SPDR Energy ETF /zigman2/quotes/206420077/composite XLE 0.00%  was up 3.4%. Shares of Exxon Mobil /zigman2/quotes/204455864/composite XOM -0.07% , which make up 23% of the ETF, were up 1.5%, while Chevron /zigman2/quotes/205871374/composite CVX -0.04% , which makes up 21% of the ETF, rose 2.2%.

Some heavily shorted oil companies saw much larger gains as investors rushed to cover their positions and avoid losses. An example was Carrizo Oil & Gas /zigman2/quotes/201726329/composite CRZO +2.67% , which had 39% of shares available for trading sold-short, according to FactSet. The shares shot up 19.5% to close at $10.22, but were still down 62% from the 52-week intraday high of $26.67 set on Sept. 25, 2018.

There are 89 companies in the energy sector of the S&P 1500, which itself is made up of the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.27% , the S&P 400 Mid-Cap Index /zigman2/quotes/210599897/delayed MID -0.02% and the S&P Small-Cap 600 Index /zigman2/quotes/210599868/delayed SML +0.39%

Here are the 39 energy companies in the S&P 1500 whose shares were up at least 10% on Monday:

Company Ticker Price change - Sep. 16, 2019 Price change - 2019 Decline from 52-week high
Whiting Petroleum Corp. /zigman2/quotes/204602363/composite WLL 49.1% -50.4% -79.6%
Unit Corp. /zigman2/quotes/209414274/composite UNT 36.7% -68.2% -84.4%
HighPoint Resources Corp. /zigman2/quotes/203522151/composite HPR 32.4% -26.1% -66.8%
SM Energy Co. /zigman2/quotes/209677692/composite SM 31.0% -18.3% -62.6%
Oasis Petroleum Inc. /zigman2/quotes/207530975/composite OAS 29.0% -13.2% -67.1%
Denbury Resources Inc. /zigman2/quotes/206163509/composite DNR 27.0% -9.4% -77.0%
QEP Resources Inc. /zigman2/quotes/207618739/composite QEP 22.1% -11.5% -58.7%
Valaris PLC Class A /zigman2/quotes/207330259/composite VAL 21.4% -45.9% -79.7%
Murphy Oil Corp. /zigman2/quotes/209008919/composite MUR 21.1% 6.7% -31.7%
Patterson-UTI Energy Inc. /zigman2/quotes/204120302/composite PTEN 21.0% 6.5% -40.1%
Ring Energy Inc. /zigman2/quotes/203476774/composite REI 19.7% -65.4% -85.1%
Carrizo Oil & Gas Inc. /zigman2/quotes/201726329/composite CRZO 19.5% -9.5% -61.7%
RPC Inc. /zigman2/quotes/201485709/composite RES 19.3% -31.6% -60.8%
Superior Energy Services Inc. 18.5% -88.1% -96.4%
Nabors Industries Ltd. /zigman2/quotes/202661377/composite NBR 18.3% 36.0% -59.1%
Callon Petroleum Co. /zigman2/quotes/201917664/composite CPE 18.0% -18.0% -59.4%
Apache Corp. /zigman2/quotes/200648444/composite APA 16.9% 8.4% -43.1%
Gulfport Energy Corp. /zigman2/quotes/203981280/composite GPOR 16.8% -46.9% -70.9%
Chesapeake Energy Corp. /zigman2/quotes/201364537/composite CHK 15.7% -1.9% -58.6%
U.S. Silica Holdings Inc. /zigman2/quotes/206361964/composite SLCA 15.6% 23.7% -40.4%
Matador Resources Co. /zigman2/quotes/204387276/composite MTDR 15.0% 22.3% -45.6%
Laredo Petroleum Inc. /zigman2/quotes/201779769/composite LPI 14.6% -15.5% -66.1%
Helmerich & Payne Inc. /zigman2/quotes/209685666/composite HP 14.3% -1.1% -35.7%
Transocean Ltd. /zigman2/quotes/208905612/composite RIG 13.6% -6.2% -55.0%
Diamond Offshore Drilling Inc. /zigman2/quotes/210455719/composite DO 13.3% -7.7% -58.2%
WPX Energy Inc. /zigman2/quotes/204372171/composite WPX 12.8% 9.2% -40.4%
Devon Energy Corp. /zigman2/quotes/209479244/composite DVN 12.2% 24.8% -33.0%
Cimarex Energy Co. /zigman2/quotes/205517948/composite XEC 12.1% -12.8% -46.9%
Apergy Corp. /zigman2/quotes/205349782/composite APY 12.0% 18.9% -30.1%
Range Resources Corp. /zigman2/quotes/205059849/composite RRC 11.7% -46.0% -72.2%
Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO 11.6% -1.2% -41.4%
SRC Energy Inc /zigman2/quotes/204769130/composite SRCI 11.2% 22.6% -38.0%
Hess Corp. /zigman2/quotes/203832174/composite HES 11.2% 73.6% -6.0%
Halliburton Co. /zigman2/quotes/210488727/composite HAL 11.0% -15.4% -47.2%
Penn Virginia Corp. /zigman2/quotes/200301793/composite PVAC 10.7% -33.3% -59.1%
PDC Energy Inc. /zigman2/quotes/202777853/composite PDCE 10.6% 21.5% -32.4%
Core Laboratories NV /zigman2/quotes/207238091/composite CLB 10.4% -13.2% -57.6%
Bonanza Creek Energy Inc /zigman2/quotes/204933876/composite BCEI 10.4% 25.8% -16.2%
C&J Energy Services Inc. /zigman2/quotes/207839532/composite CJ 10.0% -9.9% -47.6%
Source: FactSet

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/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 58.10
0.00 0.00%
Volume: 799,812
Oct. 16, 2019 9:59a
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 69.37
-0.05 -0.07%
Volume: 940,842
Oct. 16, 2019 9:59a
P/E Ratio
16.73
Dividend Yield
5.01%
Market Cap
$293.72 billion
Rev. per Employee
$3.93M
loading...
/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 116.26
-0.05 -0.04%
Volume: 229,175
Oct. 16, 2019 9:59a
P/E Ratio
15.08
Dividend Yield
4.09%
Market Cap
$220.81 billion
Rev. per Employee
$3.27M
loading...
/zigman2/quotes/201726329/composite
US : U.S.: Nasdaq
$ 7.88
+0.20 +2.67%
Volume: 281,011
Oct. 16, 2019 9:59a
P/E Ratio
1.25
Dividend Yield
N/A
Market Cap
$710.79 million
Rev. per Employee
$4.46M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
2,987.70
-7.98 -0.27%
Volume: 196.67M
Oct. 16, 2019 9:59a
loading...
/zigman2/quotes/210599897/delayed
US : S&P US
1,923.83
-0.48 -0.02%
Volume: 30.59M
Oct. 16, 2019 9:49a
loading...
/zigman2/quotes/210599868/delayed
US : S&P US
946.01
+3.69 +0.39%
Volume: 32.14M
Oct. 16, 2019 9:49a
loading...
/zigman2/quotes/204602363/composite
US : U.S.: NYSE
$ 6.83
+0.09 +1.41%
Volume: 881,507
Oct. 16, 2019 9:59a
P/E Ratio
2.50
Dividend Yield
N/A
Market Cap
$614.44 million
Rev. per Employee
$2.76M
loading...
/zigman2/quotes/209414274/composite
US : U.S.: NYSE
$ 2.64
-0.08 -2.94%
Volume: 43,115
Oct. 16, 2019 9:58a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$151.06 million
Rev. per Employee
$612,850
loading...
/zigman2/quotes/203522151/composite
US : U.S.: NYSE
$ 1.17
+0.02 +1.74%
Volume: 42,957
Oct. 16, 2019 9:59a
P/E Ratio
2.56
Dividend Yield
N/A
Market Cap
$245.97 million
Rev. per Employee
$2.80M
loading...
/zigman2/quotes/209677692/composite
US : U.S.: NYSE
$ 7.95
-0.03 -0.38%
Volume: 312,278
Oct. 16, 2019 9:59a
P/E Ratio
20.83
Dividend Yield
1.24%
Market Cap
$900.60 million
Rev. per Employee
$2.68M
loading...
/zigman2/quotes/207530975/composite
US : U.S.: NYSE
$ 3.14
+0.09 +3.12%
Volume: 818,965
Oct. 16, 2019 9:59a
P/E Ratio
4.64
Dividend Yield
N/A
Market Cap
$978.49 million
Rev. per Employee
$3.19M
loading...
/zigman2/quotes/206163509/composite
US : U.S.: NYSE
$ 1.09
+0.01 +0.93%
Volume: 1.54M
Oct. 16, 2019 9:59a
P/E Ratio
1.34
Dividend Yield
N/A
Market Cap
$507.23 million
Rev. per Employee
$1.72M
loading...
/zigman2/quotes/207618739/composite
US : U.S.: NYSE
$ 2.94
-0.0050 -0.17%
Volume: 276,263
Oct. 16, 2019 9:57a
P/E Ratio
N/A
Dividend Yield
2.71%
Market Cap
$699.46 million
Rev. per Employee
$4.16M
loading...
/zigman2/quotes/207330259/composite
US : U.S.: NYSE
$ 5.73
+0.28 +5.14%
Volume: 289,099
Oct. 16, 2019 9:59a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$1.08 billion
Rev. per Employee
$387,591
loading...
/zigman2/quotes/209008919/composite
US : U.S.: NYSE
$ 19.83
+0.12 +0.61%
Volume: 133,697
Oct. 16, 2019 9:59a
P/E Ratio
10.36
Dividend Yield
5.06%
Market Cap
$3.20 billion
Rev. per Employee
$2.33M
loading...
/zigman2/quotes/204120302/composite
US : U.S.: Nasdaq
$ 8.02
+0.04 +0.50%
Volume: 216,589
Oct. 16, 2019 9:59a
P/E Ratio
N/A
Dividend Yield
1.98%
Market Cap
$1.62 billion
Rev. per Employee
$415,875
loading...
/zigman2/quotes/203476774/composite
US : U.S.: NYSE American
$ 1.45
-0.05 -3.33%
Volume: 577,068
Oct. 16, 2019 9:59a
P/E Ratio
4.37
Dividend Yield
N/A
Market Cap
$101.72 million
Rev. per Employee
$2.86M
loading...
/zigman2/quotes/201726329/composite
US : U.S.: Nasdaq
$ 7.88
+0.20 +2.67%
Volume: 281,011
Oct. 16, 2019 9:59a
P/E Ratio
1.25
Dividend Yield
N/A
Market Cap
$710.79 million
Rev. per Employee
$4.46M
loading...
/zigman2/quotes/201485709/composite
US : U.S.: NYSE
$ 4.80
+0.05 +1.05%
Volume: 125,753
Oct. 16, 2019 9:58a
P/E Ratio
15.09
Dividend Yield
4.16%
Market Cap
$1.02 billion
Rev. per Employee
$478,057
loading...
/zigman2/quotes/202661377/composite
US : U.S.: NYSE
$ 1.81
+0.07 +3.74%
Volume: 682,108
Oct. 16, 2019 9:59a
P/E Ratio
N/A
Dividend Yield
2.25%
Market Cap
$632.42 million
Rev. per Employee
$203,841
loading...
/zigman2/quotes/201917664/composite
US : U.S.: NYSE
$ 4.01
+0.09 +2.30%
Volume: 1.26M
Oct. 16, 2019 9:59a
P/E Ratio
4.12
Dividend Yield
N/A
Market Cap
$895.27 million
Rev. per Employee
$2.70M
loading...
/zigman2/quotes/200648444/composite
US : U.S.: NYSE
$ 22.60
+0.42 +1.89%
Volume: 510,649
Oct. 16, 2019 9:59a
P/E Ratio
N/A
Dividend Yield
4.44%
Market Cap
$8.34 billion
Rev. per Employee
$2.15M
loading...
/zigman2/quotes/203981280/composite
US : U.S.: Nasdaq
$ 2.79
+0.07 +2.57%
Volume: 294,297
Oct. 16, 2019 9:59a
P/E Ratio
0.88
Dividend Yield
N/A
Market Cap
$433.56 million
Rev. per Employee
$4.22M
loading...
/zigman2/quotes/201364537/composite
US : U.S.: NYSE
$ 1.36
+0.02 +1.49%
Volume: 4.48M
Oct. 16, 2019 9:59a
P/E Ratio
2.60
Dividend Yield
N/A
Market Cap
$2.18 billion
Rev. per Employee
$4.37M
loading...
/zigman2/quotes/206361964/composite
US : U.S.: NYSE
$ 7.62
+0.02 +0.26%
Volume: 102,430
Oct. 16, 2019 9:59a
P/E Ratio
N/A
Dividend Yield
3.28%
Market Cap
$559.21 million
Rev. per Employee
$560,917
loading...
/zigman2/quotes/204387276/composite
US : U.S.: NYSE
$ 13.71
+0.14 +1.03%
Volume: 98,688
Oct. 16, 2019 9:59a
P/E Ratio
9.22
Dividend Yield
N/A
Market Cap
$1.58 billion
Rev. per Employee
$3.15M
loading...
/zigman2/quotes/201779769/composite
US : U.S.: NYSE
$ 2.33
+0.10 +4.48%
Volume: 779,818
Oct. 16, 2019 9:59a
P/E Ratio
1.46
Dividend Yield
N/A
Market Cap
$529.56 million
Rev. per Employee
$3.07M
loading...
/zigman2/quotes/209685666/composite
US : U.S.: NYSE
$ 37.84
+0.19 +0.50%
Volume: 73,745
Oct. 16, 2019 9:59a
P/E Ratio
N/A
Dividend Yield
7.46%
Market Cap
$4.12 billion
Rev. per Employee
$303,392
loading...
/zigman2/quotes/208905612/composite
US : U.S.: NYSE
$ 4.82
+0.10 +2.12%
Volume: 1.19M
Oct. 16, 2019 9:59a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.89 billion
Rev. per Employee
$448,507
loading...
/zigman2/quotes/210455719/composite
US : U.S.: NYSE
$ 5.67
+0.18 +3.19%
Volume: 204,824
Oct. 16, 2019 9:59a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$755.94 million
Rev. per Employee
$470,963
loading...
/zigman2/quotes/204372171/composite
US : U.S.: NYSE
$ 10.04
+0.17 +1.72%
Volume: 306,596
Oct. 16, 2019 9:59a
P/E Ratio
7.00
Dividend Yield
N/A
Market Cap
$4.17 billion
Rev. per Employee
$3.72M
loading...
/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 21.26
+0.29 +1.38%
Volume: 418,568
Oct. 16, 2019 9:59a
P/E Ratio
2.61
Dividend Yield
1.70%
Market Cap
$8.48 billion
Rev. per Employee
$3.49M
loading...
/zigman2/quotes/205517948/composite
US : U.S.: NYSE
$ 44.44
+0.95 +2.18%
Volume: 117,143
Oct. 16, 2019 9:59a
P/E Ratio
7.17
Dividend Yield
1.80%
Market Cap
$4.41 billion
Rev. per Employee
$2.45M
loading...
/zigman2/quotes/205349782/composite
US : U.S.: NYSE
$ 25.76
+0.24 +0.94%
Volume: 29,035
Oct. 16, 2019 9:58a
P/E Ratio
21.25
Dividend Yield
N/A
Market Cap
$1.98 billion
Rev. per Employee
$368,681
loading...
/zigman2/quotes/205059849/composite
US : U.S.: NYSE
$ 3.64
+0.14 +4.00%
Volume: 824,318
Oct. 16, 2019 9:59a
P/E Ratio
N/A
Dividend Yield
2.19%
Market Cap
$879.79 million
Rev. per Employee
$4.19M
loading...
/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 11.81
-0.03 -0.25%
Volume: 793,113
Oct. 16, 2019 9:59a
P/E Ratio
10.04
Dividend Yield
1.69%
Market Cap
$9.52 billion
Rev. per Employee
$2.46M
loading...
/zigman2/quotes/204769130/composite
US : U.S.: NYSE American
$ 3.91
+0.02 +0.64%
Volume: 134,272
Oct. 16, 2019 9:59a
P/E Ratio
3.82
Dividend Yield
N/A
Market Cap
$944.78 million
Rev. per Employee
$4.39M
loading...
/zigman2/quotes/203832174/composite
US : U.S.: NYSE
$ 66.13
0.00 0.00%
Volume: 95,584
Oct. 16, 2019 9:59a
P/E Ratio
N/A
Dividend Yield
1.52%
Market Cap
$20.14 billion
Rev. per Employee
$3.59M
loading...
/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 18.69
-0.0100 -0.05%
Volume: 1.03M
Oct. 16, 2019 9:59a
P/E Ratio
12.33
Dividend Yield
3.84%
Market Cap
$16.38 billion
Rev. per Employee
$399,917
loading...
/zigman2/quotes/200301793/composite
US : U.S.: Nasdaq
$ 27.44
+0.08 +0.29%
Volume: 21,150
Oct. 16, 2019 9:57a
P/E Ratio
1.82
Dividend Yield
N/A
Market Cap
$413.33 million
Rev. per Employee
$5.15M
loading...
/zigman2/quotes/202777853/composite
US : U.S.: Nasdaq
$ 24.37
+0.20 +0.83%
Volume: 82,621
Oct. 16, 2019 9:59a
P/E Ratio
13.01
Dividend Yield
N/A
Market Cap
$1.51 billion
Rev. per Employee
$2.34M
loading...
/zigman2/quotes/207238091/composite
US : U.S.: NYSE
$ 44.82
+0.27 +0.61%
Volume: 17,245
Oct. 16, 2019 9:57a
P/E Ratio
22.25
Dividend Yield
4.90%
Market Cap
$1.98 billion
Rev. per Employee
$149,116
loading...
/zigman2/quotes/204933876/composite
US : U.S.: NYSE
$ 20.45
-0.04 -0.20%
Volume: 9,754
Oct. 16, 2019 9:57a
P/E Ratio
2.31
Dividend Yield
N/A
Market Cap
$422.79 million
Rev. per Employee
$1.92M
loading...
/zigman2/quotes/207839532/composite
US : U.S.: NYSE
$ 8.75
+0.10 +1.22%
Volume: 38,264
Oct. 16, 2019 9:59a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$570.47 million
Rev. per Employee
$347,256
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Philip van Doorn covers various investment and industry topics. He has previously worked as a senior analyst at TheStreet.com. He also has experience in community banking and as a credit analyst at the Federal Home Loan Bank of New York.

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