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Thursday, May 2, 2024

Monday Sector Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks

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Monday Sector Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Monday Sector Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks

In trading on Monday, oil & gas exploration & production shares were relative laggards, down on the day by about 0.1%.

Helping drag down the group were shares of Pedevco, off about 11.4% and shares of Qep Resources down about 8.5% on the day.

In trading on Monday, oil & gas exploration & production shares were relative laggards, down on the day by about 0.1%.

Helping drag down the group were shares of Pedevco, off about 11.4% and shares of Qep Resources down about 8.5% on the day.

Also lagging the market Monday are rental, leasing, & royalty shares, up on the day by about 0.6% as a group, led down by BP Prudhoe Bay Royalty Trust, trading lower by about 15.4% and Kimbell Royalty Partners, trading lower by about 5.4%.

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