Energy Prices
Looking at energy prices this week, oil moved lower, with WTI Crude currently at $92.55/barrel, down $0.90 (-1.0%) compared to $93.45 on 09/05, and Brent Crude currently at $97.64/barrel, down $3.20 (-3.2%) from $100.84 on 09/05. And turning to Natural Gas, the current spot price of $3.80/MMBtu, has Natural Gas down $0.01 from $3.81 on 09/05, a week over week loss of -0.3%.
Energy ETF Movers
The SPDR S&P Telecom ETF (XTL) outperformed other Energy ETFs this week, up about 1.8%. Components of that ETF showing particular strength this week include shares of Sprint (S), up about 20.6% and shares of JDS Uniphase (JDSU), up about 18.3% on the week.And underperforming other Energy ETFs this week is the PowerShares Dynamic Energy Exploration & Production Portfolio ETF (PXE), down about 4.5% this week. Among components of that ETF with the weakest showing for the week were shares of PBF Energy (PBF), lower by about 11.9%, and shares of New Field Exploration (NFX), lower by about 7.5% on the week.
Other ETF standouts this week include the PowerShares WilderHill Clean Energy Portfolio (PBW), outperforming this week with a 1.4% gain. And the Coal ETF (KOL) was an underperformer, falling about 4.4% this week.
DividendRank Energy Toplists
At sister site Dividend Channel, we screen through our coverage universe of dividend paying stocks each week, and we look at a variety of data — dividend yield, book value, quarterly earnings — and compare it to the stock’s trading data to come up with certain calculations about profitability and about the stock’s valuation (whether we think it looks ”cheap” or ”expensive”).History has shown that the bulk of the stock market’s returns are delivered by dividends, and so we pay special attention to dividend history. And of course, only consistently profitable companies can afford to keep paying dividends, so profitability is of critical importance. Dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation — maybe there is a company-specific reason causing the stock to be ”cheap” or maybe the entire sector is taking a hit, but whatever the reason, we think there is great value in ranking the Energy Stock Channel coverage universe weekly using our proprietary DividendRank formula, and sharing the list of the week’s top ranked energy stocks with our subscribers.
These are the energy stocks our DividendRank system has identified as the top most ”interesting” in the Energy, Utilities, and MLPs categories … this is meant purely as a research tool to generate ideas that merit further research.
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