Why These 7 Oil Companies Won Big in September
Shares of seven of the largest U.S. independent oil and gas exploration and production companies (or E&Ps, for short) rose more than 14.5% in September, marking the best month many of them have had this year. Energy industry stocks in general handily beat the S&P 500, which only rose 1.9% for the month.
These top performers include ConocoPhillips (NYSE: COP), up 14.6%; Devon Energy (NYSE: DVN), up 16.9%; Apache Corporation (NYSE: APA), up 17.9%; Concho Resources (NYSE: CXO), up 18.7%; Noble Energy (NYSE: NBL), up 19.3%; Anadarko Petroleum (NYSE: APC), up 19.4%; and Hess (NYSE: HES), up an amazing 20.5%.
The stock market was happy with the oil industry in September, but these independent drillers are still underperformers for the year. Image source: Getty Images.
Source: Fool.com
ConocoPhillips Stock
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With a target price of 134 € there is a positive potential of 31.22% for ConocoPhillips compared to the current price of 102.12 €.
