These 3 Oil Stocks Were Crushed This Week

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.

Matthew DiLallo
Matthew DiLallo
Jun 13, 2015 at 7:00AM
Energy, Materials, and Utilities

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.