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These 3 Oil Stocks Were Crushed This Week

By Matthew DiLallo – Jun 13, 2015 at 7:00AM

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While the price of oil was bumpy this week, it sapped the life out of oil stocks, especially Magnum Hunter Resources Corp, Penn Virginia Corporation, and Bill Barrett Corporation.

The price of oil has been bumpy during the past few weeks, but has been basically stuck at around $60 per barrel. The oil-price rally has taken a breather, and it has taken the life out of many oil stocks. As a result, analysts and investors are growing more cautious. That caution is causing the stock prices of some oil stocks to take a hit. 

According to S&P Capital IQ data, Magnum Hunter Resources Corp (NYSE: MHR), Penn Virginia Corporation (NYSE: PVA), and Bill Barrett Corporation (NYSE: BBG) were the hardest hit by the combination of stagnant oil prices and downgrades. To learn more about the news that drove these stocks, check out the slideshow below.

Matt DiLallo has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Stocks Mentioned

HighPoint Resources Corp. Stock Quote
HighPoint Resources Corp.
HPR

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