The Oklahoman (Sunday) - - BUSINESS - Don Me­coy dme­coy@op­



Last week was one of the best we've seen in terms the per­for­mance of our en­tire port­fo­lio of Ok­la­homabased stocks.

The ra­tio of win­ners (stocks that posted gains over the week) ver­sus losers was about 7-to-1.

En­ergy stocks did well. Fi­nan­cials were solid. The few lo­cal ser­vice and tech stocks were fine.

The best per­former, for the sec­ond straight week, was Mid-Con En­ergy Part­ners, a Tulsa oil and nat­u­ral gas pro­ducer that fo­cuses on the Mid-Con­ti­nent and Per­mian Basin re­gions.

On the heels of a more than 40 per­cent gain, MCEP shares added more than 12 per­cent last week.

It's an im­pres­sive trend, tem­pered by the fact that the stock closed Fri­day at the low, low price of $1.87.


From our hand­ful of lo­cal lag­gards, the worst of the bunch was Sonic Corp.

Shares of the Ok­la­homa City-based drive-in restau­rant slipped 6 per­cent last week be­fore clos­ing at $26.44.

It's a lit­tle sur­pris­ing be­cause Sonic just a cou­ple of weeks ago posted a pretty solid earn­ings re­port, top­ping an­a­lysts' profit ex­pec­ta­tions. Af­ter un­veil­ing its earn­ings, SONC shares ral­lied a bit.

The stock con­tin­ues to trade in a range mid­way be­tween its 52-week high ($30.05) and 52-week low ($22.11).

Vol­ume has been up in re­cent trad­ing days, but the strong­est vol­ume has come on days that SONC has posted gains.

While we avoid stock rec­om­men­da­tions in this space, we are fans of the Ched 'R' Pep­pers.

Ea­gle & Bea­gle is a weekly look at the state's high-per­form­ing (ea­gle) and low­per­form­ing (bea­gle) stocks by Busi­ness Ed­i­tor Don Me­coy.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.