Even when you look just at the market cap weighted performance of the Energy sector, its 18% rally off the late March closing low has been impressive. However, when you consider that over 35% of the index is made up of Exxon Mobil (XOM) and Chevron (CVX), which are each up less than 15%, the sector has been even stronger. In fact, within the S&P 1500 Energy sector (made up of large, mid, and small cap stocks), the average performance of the 88 stocks has been a gain of over 29% since 3/28!
The table below lists the best and worst performing stocks in the S&P 1500 Energy sector since 3/28. During that span, a quarter of the stocks are up over 40%. Leading the way higher, Pioneer Energy (PES) has more than doubled, while Carrizo (CRZO) is up over 70%. Along with these two names, some of the more well-known names on the list of biggest winners include HollyFrontier (+53.5%), Andeavor (+47.1%), Chesapeake (+46.2%), and Marathon Oil (+40.4%).
While a lot of energy stocks are up big since the sector’s recent closing low in late March, just three stocks are down (listed at bottom of table). Given the strength we have seen in the overall sector, things have to be pretty bad at Cabot, Cloud Peak, and World Fuel if they can’t even rally in this environment.