Dec 14, 2017 | 9:50 AM
Permian companies’ stock performances
In this part of the series, we’ll look at the YTD (year-to-date) stock performances of major Permian E&P (exploration and production) players. We’ll look at Apache (APA), Pioneer Natural Resources (PXD), Concho Resources (CXO), Chevron (CVX), Cimarex Energy (XEC), ExxonMobil (XOM), Parsley Energy (PE), and Occidental Petroleum (OXY). We’ll also compare their performances to the broader energy sector ETF (XLE) as well as the broader market (SPY) (SPX-INDEX).
The above chart shows that Chevron and Concho Resources have seen similar returns since January 2017, at 1.5% and 2.1%, respectively. However, they both have underperformed crude oil prices, which have risen ~9.2% since the beginning of the year.
They outperformed the Energy Select Sector SPDR ETF (XLE), which returned -8.6% in the same period. The outperformer was the S&P 500 SPDR ETF (SPY) (SPY-INDEX), which rose ~18% since the beginning of the year.
Apache and Parsley Energy have underperformed their peers as well as XLE and SPY. They returned -38% and -25%, respectively, since the beginning of the year.
To know more about Apache, read The Latest on Alpine High: Behind APA’s Strategic Goals.