Energy Business

Despite Oil Back Above $68 per Barrel, 10 Major Oil and Gas Stocks Still Negative So Far in 2018

Southwestern Energy Co. (NYSE: SWN) is still barely up over the past week and month, but its shares were last seen down over 19% so far in 2018. If that sounds bad, Southwestern Energy shares are still down about 40% from a year ago. Southwestern was up 2% on Wednesday afternoon at $4.58, in a 52-week range of $3.42 to $8.25 and with a consensus analyst target of $6.13. It has a $2.7 billion market cap.

Devon Energy Corp. (NYSE: DVN) was not up much in the past week, but the gain of 5% over the past month pales in comparison to the 18% drop that shareholders have endured so far in 2018. Devon Energy was up nearly 8% on Wednesday afternoon at $36.29. The 52-week range is $28.79 to $45.16, and the consensus target price is $46.15. The company has a 1.0% dividend yield and a $19 billion market cap.

Range Resource Corp. (NYSE: RRC) has been down on almost all metrics, except for Wednesday’s 3.4% gain to $14.64. Prior to this day’s gain, shares were down over 4% in the past week, down over 6% in the past month and down 17% so far in 2018. If that sounds bad, it was down about 50% from this time a year ago. Range Resources was up 3% on Wednesday afternoon at $14.57, i a 52-week range of $11.93 to $30.30 and with a consensus target price of $22.85. It has a 0.6% dividend yield and a $3.6 billion market cap.

Cabot Oil & Gas (NYSE: COG) was only 1% higher on Wednesday, but the independent oil and gas company was last seen trading down 16% so far in 2018. The stock was up 1% on Wednesday afternoon at $24.09, in a 52-week range of $21.40 to $29.57 and with a consensus target price of $31.16. It has a 1.0% dividend yield and a $11 billion market cap.

Newfield Exploration Co. (NYSE: NFX) was last seen down 16% year to date before Wednesday. That is also down about 26% from a year ago. The stock was up 6% on Wednesday afternoon at $28.00. The 52-week range is $22.72 to $37.00, and the consensus target price is $36.34. Newfield Exploration has a $5.5 billion market cap.

Williams Companies Inc. (NYSE: WMB) was down over 15% coming into Wednesday, and its shares are actually down 21% over the past 90 days or so. Williams was flat on Wednesday afternoon at $25.81, in a 52-week range of $24.00 to $33.67 and with a consensus analyst target price of $34.79. It has a 5.4% dividend yield and a $21 billion market cap.

EQT Corp. (NYSE: EQT) may be more tied to natural gas and natural gas liquids than oil, and it was seen almost unchanged on Wednesday. But the stock is down 13% year to date and down over 21% from a year ago. EQT was flat on Wednesday afternoon at $49.30, in a 52-week range of $43.70 to $67.84 and with a consensus target price of $73.97. It has a 0.3% dividend yield and a $13 billion market cap.

Kinder Morgan Inc. (NYSE: KMI) has suffered along with other midstream rivals, and while master limited partnership (MLP) and MLP-like businesses have suffered, this energy infrastructure giant did just raise its dividend payment after the close on Wednesday. Kinder Morgan was last seen trading up 1% at $16.24, but its shares were down 11% year to date ahead of this move. Kinder Morgan was up 1% on Wednesday afternoon at $16.20, compared with a 52-week range of $14.82 to $21.92 and a consensus target price of $21.35. It has a 3.3% dividend yield and a $36 billion market cap.