WEC Energy Group Inc
Change company Symbol lookup
Select an option...
WEC WEC Energy Group Inc
PFE Pfizer Inc
T AT&T Inc
BFC Bank First Corp
RIGMF Ridgestone Mining Inc
BAC Bank of America Corp
WFC Wells Fargo & Co
ASB Associated Banc-Corp
WSBF Waterstone Financial Inc
WBBW Westbury Bancorp Inc
Go

Utilities : Multi-Utilities | Large Cap Value
Company profile

WEC Energy Group, Inc. was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other. Wisconsin includes the electric and natural gas utility operations of Wisconsin Electric Power Company, Wisconsin Gas LLC, and Wisconsin Public Service Corporation, including WE's and WPS's electric and natural gas operations in the state of Michigan. Illinois includes the natural gas utility and non-utility operations of The Peoples Gas Light and Coke Company and North Shore Gas Company. Other states includes the natural gas utility and non-utility operations of Minnesota Energy Resources Corporation and Michigan Gas Utilities Corporation.

Closing Price
$90.17
Day's Change
0.84 (0.94%)
Bid
--
Ask
--
B/A Size
--
Day's High
90.86
Day's Low
89.67
Volume
(Light)
Volume:
979,909

10-day average volume:
1,819,218
979,909

UPDATE: These oil stocks took the biggest beatings after Saudi Arabia shocked the energy market

4:50 pm ET March 9, 2020 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

Forty U.S. energy stocks were down at least 30% Monday

(Updates story with closing index, commodity and stock prices, and commentary from Pictet's Luca Paolini.)

Energy stocks plunged Monday after Saudi Arabia said it would lower prices and increase production even as demand for oil has weakened.

The scope of the bloodletting was epic.

The S&P 500 energy sector tumbled 20%, as West Texas crude oil for April delivery fell 25% to settle at $31.13 a barrel. That was the largest one-day price drop for oil since 1991.

Among broader indexes, the Dow Jones Industrial Average skidded 2,014 points (or 7.8%) to close at 23,851.02. The S&P 500 Index was down 7.6% and ended 18.9% below its Feb. 19 closing high. The Nasdaq Composite Index dropped 7.3% Monday.

William Watts explained how Saudi Arabia's oil shock rattled global financial markets (http://www.marketwatch.com/story/why-plunging-oil-prices-are-wreaking-havoc-across-financial-markets-right-now-2020-03-09). Here's a list of banks with high levels of credit exposure to the energy industry (http://www.marketwatch.com/story/you-should-avoid-shares-of-these-banks-with-too-much-oil-and-gas-exposure-2020-03-09).

"We will see a bear-market rally in the short term" following Monday's "brutal action," Luca Paolini, chief strategist at Pictet Asset Management in London, said in an interview.

Even so, investors won't see a bottom for U.S. stocks until domestic economic reports begin to show signs of weakness, he said.

"About 40% of the global economy is contracting," including China, Japan, Italy and several other countries, he said.

Expanding our review to the S&P 1500 energy sector (drawn from the S&P 500 Index , the S&P Mid Cap 400 Index and the S&P Small Cap 600 Index ), here are the 45 U.S.-traded energy stocks that fell at least 30% Monday:

Company Ticker Price change - March 9, 2020 Price change since Feb. 19 Decline from 52-week high Price change - 2020 Price change - 2019

Callon Petroleum Co. US:CPE -69.3% -86.7% -95.3% -91.7% -25.6%

SM Energy Co. US:SM -64.4% -85.3% -92.8% -87.9% -27.4%

Matador Resources Co. US:MTDR -64.2% -82.1% -89.5% -87.0% 15.7%

Oasis Petroleum Inc. US:OAS -61.7% -84.9% -95.4% -89.9% -41.0%

QEP Resources Inc. US:QEP -58.7% -78.7% -93.0% -86.8% -20.1%

Apache Corp. US:APA -54.7% -67.1% -75.4% -63.3% -2.5%

HighPoint Resources Corp. US:HPR -54.4% -82.5% -94.0% -88.9% -32.1%

U.S. Silica Holdings Inc. US:SLCA -53.0% -74.5% -91.8% -75.0% -39.6%

Occidental Petroleum Corp. US:OXY -52.9% -70.2% -81.6% -69.3% -32.9%

Penn Virginia Corp. US:PVAC -48.9% -68.3% -90.5% -81.7% -43.9%

PDC Energy Inc. US:PDCE -48.2% -67.4% -84.6% -72.1% -12.1%

Oil States International Inc. US:OIS -48.1% -72.4% -85.5% -81.1% 14.2%

Marathon Oil Corp. US:MRO -47.4% -65.7% -81.0% -73.6% -5.3%

Valaris PLC Class A US:VAL -47.0% -76.8% -93.3% -81.3% -53.9%

Nabors Industries Ltd. US:NBR -47.0% -77.5% -87.5% -82.3% 44.0%

Tetra Technologies Inc. US:TTI -46.5% -60.3% -79.7% -72.4% 16.7%

WPX Energy Inc. US:WPX -46.4% -71.3% -77.3% -74.6% 21.1%

Newpark Resources Inc. US:NR -45.3% -62.1% -83.1% -74.2% -8.7%

Patterson-UTI Energy Inc. US:PTEN -44.7% -67.8% -85.4% -77.3% 1.4%

Diamondback Energy Inc. US:FANG -44.6% -66.1% -76.4% -71.1% 0.2%

Denbury Resources Inc. US:DNR -44.6% -66.8% -88.0% -77.2% -17.5%

Helix Energy Solutions Group Inc. US:HLX -44.5% -67.8% -71.2% -70.1% 78.0%

Apergy Corp. US:APY -44.2% -65.8% -80.1% -74.4% 24.7%

Core Laboratories NV US:CLB -43.3% -58.7% -82.1% -64.1% -36.9%

Green Plains Inc. US:GPRE -43.2% -57.4% -67.5% -62.6% 17.7%

Murphy Oil Corp. US:MUR -42.5% -59.2% -70.7% -66.0% 14.6%

ProPetro Holding Corp. US:PUMP -41.8% -62.5% -84.1% -64.2% -8.7%

Oceaneering International Inc. US:OII -41.2% -64.1% -77.4% -67.8% 23.2%

Laredo Petroleum Inc. US:LPI -40.1% -72.3% -88.5% -85.4% -20.7%

Whiting Petroleum Corp. US:WLL -40.0% -73.5% -97.4% -89.1% -67.7%

Ring Energy Inc. US:REI -39.3% -65.8% -90.0% -75.4% -48.0%

Cimarex Energy Co. US:XEC -38.4% -63.0% -79.6% -71.4% -14.9%

Transocean Ltd. US:RIG -38.3% -65.2% -84.6% -78.1% -0.9%

Oneok Inc. US:OKE -37.8% -50.4% -51.5% -49.6% 40.3%

Halliburton Co. US:HAL -37.6% -63.4% -74.8% -66.7% -7.9%

Devon Energy Corp. US:DVN -37.5% -63.2% -76.4% -67.8% 15.2%

Pioneer Natural Resources Co. US:PXD -37.0% -53.1% -62.8% -56.2% 15.1%

Noble Corp. PLC US:NE -34.9% -65.8% -91.3% -77.0% -53.4%

Source: FactSet

You can click on the tickers for more about each company.

Don't miss:You should avoid shares of these banks with too much oil and gas exposure (http://www.marketwatch.com/story/you-should-avoid-shares-of-these-banks-with-too-much-oil-and-gas-exposure-2020-03-09)

Create an email alert for Philip van Doorn's Deep Dive columns here (http://www.marketwatch.com/tools/alerts/newsColumn.asp).

-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 09, 2020 16:50 ET (20:50 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.