Image Source: Skitterphoto/Pixabay

After months of dismal performance, the U.S. stock market climbed in October, with the energy sector recording the largest increase. The increase in prices for heating oil, gas oil, and unleaded gasoline helped to offset the fall in the price of natural gas.

All major energy stocks performed well last month, or, in other words, all posted positive returns. Let’s take a look at the five best and worst performing energy stocks in October 2022.

Five Best Performing Energy Stocks in October 2022

We have used the October return data of the energy stocks from finviz.com to rank the five best and worst performing energy stocks in October 2022.

5. Baker Hughes Company (32%)

Founded in 1987 and headquartered in Houston, Texas, Baker Hughes Co. is a holding company that offers oilfield products, services, and digital solutions. Baker Hughes Co. (BKR) shares are up by almost 21% year-to-date and up over 15% in the last three months.

As of this writing, Baker Hughes shares were recently seen trading at around $29 with a 52-week range of $20.42 to $39.78, giving the company a market capitalization of more than $29 billion.

4. APA Corporation (33%)

Founded in 1954 and headquartered in Houston, this company explores oil and natural gas. APA Corp (APA) shares are up by almost 66% year-to-date and up over 23% in the last three months.

APA shares were recently seen trading at around $46 with a 52-week range of $22.94 to $51.95, giving the company a market capitalization of more than $14 billion.

3. Marathon Oil Corporation (35%)

Founded in 1887 and headquartered in Houston, this company explores, produces, and markets liquid hydrocarbons and natural gas. Marathon Oil Corp (MRO) shares are up by over 83% year-to-date and up over 23% in the last three months.

Marathon Oil shares were recently seen trading at around $30 with a 52-week range of $14.29 to $33.42, giving the company a market capitalization of more than $19 billion.

2. Schlumberger NV (45%)

Founded in 1926 and headquartered in Houston, this company provides technology to the oil and gas industry for reservoir characterization, drilling, production, and processing. Schlumberger NV (SLB) shares are up by almost 71% year-to-date and up almost 38% in the last three months.

Schlumberger shares were recently seen trading at around $53 with a 52-week range of $27.65 to $56.04, giving the company a market capitalization of more than $75 billion.

1. Halliburton Company (48%)

Founded in 1919 and headquartered in Houston, this company offers services and products to the energy industry. Halliburton Company (HAL) shares are up by almost 64% year-to-date and up over 27% in the last three months.

Halliburton shares were recently seen trading at around $36 with a 52-week range of $20.77 to $43.99, giving the company a market capitalization of more than $33 billion.

Five Worst Performing Energy Stocks in October 2022

Here are the five worst performing energy stocks in October 2022.

5. Kinder Morgan Inc. (9%)

Founded in 1997 and headquartered in Houston, it is an energy infrastructure company. Kinder Morgan Inc. (KMI) shares are up by almost 15% year-to-date, but are down almost 3% in the last three months.

As of this writing, Kinder Morgan shares were recently seen trading at around $18 with a 52-week range of $15.01 to $20.20, giving the company a market capitalization of more than $41 billion.

4. Chesapeake Energy Corporation (9%)

Founded in 1989 and headquartered in Oklahoma City, this company acquires, explores, and develops properties for the production of oil, natural gas, and natural gas liquids. Chesapeake Energy (CHK) shares are up by over 52% year-to-date and up over 2% in the last three months.

Chesapeake Energy shares were recently seen trading at around $98 with a 52-week range of $56.75 to $107.31, giving the company a market capitalization of more than $13 billion.

3. Cheniere Energy, Inc. (6%)

Founded in 1996 and headquartered in Pittsburgh, Pa., this company deals in liquefied natural gas. Cheniere Energy, Inc. (LNG) shares are up by over 64% year-to-date and up almost 1% in the last three months.

Cheniere Energy shares were recently seen trading at around $167 with a 52-week range of $97.85 to $182.35, giving the company a market capitalization of more than $41 billion.

2. Enterprise Products Partners LP (6%)

Founded in 1998 and headquartered in Pittsburgh, this is a holding company that deals in the production and trade of natural gas and petrochemicals. Enterprise Products Partners LP (EPD) shares are up by over 12% year-to-date and down by almost 9% in the last three months.

As of this writing, Enterprise Products Partners shares were recently seen trading at around $24 with a 52-week range of $20.42 to $28.65, giving the company a market capitalization of more than $54 billion.

1. EQT Corporation (3%)

Founded in 1888 and headquartered in Pittsburgh, this is a natural gas production company that supplies and distributes natural gas. EQT Corp (EQT) shares are up by almost 85% year-to-date and down by over 15% in the last three months.

EQT shares were recently seen trading at around $41 with a 52-week range of $17.95 to $51.97, giving the company a market capitalization of more than $15 billion.

More By This Author: