3 Stocks Crushed by the Market This Week


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The stocks of Quicksilver Resources, Phillips 66 Partners and Ultra Petroleum were all crushed this week.

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  • https://http://www.phillips66.com/EN/newsroom/image-gallery/Pages/index.aspx
  • https://www.flickr.com/photos/59937401@N07/5930176734/in/photolist-a32GWs-chEfau-62QSKq-9qUDuJ-bZwG3C-8ip6Yn-CrMvv-a2Y6J8-64gotj-gjJMZC-a2Yc86-5tzhjp-9Zkom5-8i2WXz-fBsQs-nQZguc-7CrchT-7BfThk-jYGnx-9kNTbs-aiphLC-9FPrx5-du8MtP-4Hrq53-BhdpN-8JkcMH-4ZAk72-9hwDnd-9qUFub-9VAoaM-5z3f3L-fxFR1Q-548Abb-9VAAZU-bZwfxo-9hwDJ5-dGo5nf-9K71ih-aeFyin-9qUCso-7WAEm8-ev2AR5-bjB39c-9kMAcY-bZwg4J-eA2zRg-bZwHv5-6bwpmk-9VDo4N-dAu1EJ
  • http://www.zacks.com/stock/news/139523/walter-energy-issues-notes-to-replenish-revolving-credit-facility and http://http://finance.yahoo.com/mbview/threadview/;_ylt=AkZaMDibW23aDUxVYwyfwy3eAohG;_ylu=X3oDMTB2Ymgyb2JyBHBvcwM2NARzZWMDTWVkaWFNc2dCb2FyZHNYSFJVbHQ-;_ylg=X3oDMTBhYWM1a2sxBGxhbmcDZW4tVVM-;_ylv=3?&bn=c45a49d5-ee86-3cba-a63d-92e76d5036c9&tid=1405538359488-48bb24c5-4f74-485c-80c0-2e5769b793ce&tls=la%2Cd%2C17%2C3 and http://files.shareholder.com/downloads/AMDA-17DNVP/3336837993x0x766617/873ad579-1967-4f20-a110-762676a31d5d/KWK_News_2014_7_2_General_Releases.pdf
  • http://tickerreport.com/banking-finance/249106/phillips-66-partners-given-new-70-00-price-target-at-credit-suisse-psxp/
  • http://www.zacks.com/stock/news/139523/walter-energy-issues-notes-to-replenish-revolving-credit-facility and http://www.thestreet.com/story/12767731/1/why-alpha-natural-resources-anr-stock-is-slumping-this-afternoon.html?puc=TSMKTWATCH&cm_ven=TSMKTWATCH
  • https://www.flickr.com/photos/76657755@N04/7027588775/in/photolist-bH1eiH-f54gtt-9qRF8r-6QFDYU-4BfaUm-7987Vs-bH1gac-ght8m7-62QVb5-62LD8Z-6hSkjK-5KQyH9-chEaLb-5WEQZB-4sUYDb-aB7uKh-9PSLHY-fKKcRD-bxDiow-dSXXyh-9VADkr-9gYtwj-6c6Q6r-cEHZc1-bi1bhM-9qREU2-9KU6T1-8ip71R-9qUEUf-4e5gDL-8ip6YF-a32J27-8ddtDt-8PWifN-bZwdFC-9kNSHL-9kMUQb-4e1gT8-oh2EL-fEHuLF-5yL49b-5WsjQv-a32GWs-chEfau-62QSKq-9qUDuJ-bZwG3C-8ip6Yn-CrMvv-a2Y6J8
  • 3 Stocks Crushed by the Market This Week

    1. 1. 3 Stocks Crushed by the Market This Week Photo Credit: Phillips 66
    2. 2. Investors in energy stocks saw some of those investments go up in flames last week. Let’s take a closer look at three energy stocks that really burned investors this past week. Photo credit: Flickr/TaxRebate.org.uk
    3. 3. Quicksilver Resources (NYSE: KWK) Shares of the Texas-based natural gas and oil exploration company experienced a quick 13.4% plunge last week.
    4. 4. Why Quicksilver Resources’ stock dropped  Other than some rumors on well results, there was no news surrounding Quicksilver Resources last week.  However, Quicksilver Resources stock is heavily shorted, as 56.5% of the float was sold short as of the end of May, adding to overall volatility.  Investors should keep an eye on second-quarter earnings, which are scheduled to be released on August 5th, as that news likely will be what really moves the stock.
    5. 5. Phillips 66 Partners (NYSE: PSXP) Units of the growth-oriented master limited partnership slipped 9.1% this week.
    6. 6. Why Phillips 66 Partners’ dropped  Analysts at Credit Suisse raised their price target from $55 to $70.  However, given that units were trading at more than $75 at the time, it was more like a wake-up call that the units might be a little stretched.
    7. 7. Ultra Petroleum (NYSE: UPL) Shares of the natural gas driller took a late plunge this week.
    8. 8. Why Ultra Petroleum’s stock dropped  CFO Mark Smith resigned on July 15th to take a new position at a larger company.  He will stay with the company through August 1st to assist with second-quarter financial reporting.  He will be replaced by the company’s current controller, Garland Shaw.
    9. 9. Which stock has the best shot at bouncing back?  Ultra Petroleum’s late plunge isn’t as big a deal as investors made it.  The fact that an internal candidate is moving up suggests that there is nothing amiss.  Because of that, Ultra Petroleum’s stock could quickly recover last week’s late swoon. Photo credit: Flickr/TaxCredits.net
    10. 10. The our FREE report on the top income stocks in the energy sector.