Shares of oil and gas companies Noble Energy (NYSE: NBL), ProPetro (NYSE: PUMP), and Apache Corporation (NYSE: APA) fell 14.3%, 14.7%, and 15.4%, respectively, in October, according to data from S&P Global Market Intelligence.
Oil and gas stocks underperformed in general last month: The SPDR Oil and Gas Exploration & Production ETF dropped 5.6%. But these three stocks even lagged most of their peers in the energy sector.
Oil prices were a big reason for these stocks' underperformance, but not the only reason. Image source: Getty Images.
Continue reading
Source: Motley Fool
(November 13, 2019 - 11:14 AM EST)
News by QuoteMedia
www.quotemedia.com
