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Why These 3 Oil Stocks Fell More Than 14% in October

TheMotleyFool

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Why These 3 Oil Stocks Fell More Than 14% in October

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.

Source Fool.com

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