SPDR Oil & Gas Exploration & Production ETF (XOP)

[OilStockReport]

As the stock market inches higher, bargain hunting gets a little bit harder. But offshore drillers, along with related ETFs, are trading at bargain price-to-earnings ratios after investors dumped shares in what appeared to be guilt by association to the BP-Gulf oil fiasco.

Offshore drilling companies that lease oil rigs to energy companies are trading as low as 7-1011 times estimated 2007 earnings and 6-to-7 times 2008 returns, reports Andrew Bary for Barron’s. Wall Street has kept oil driller valuations low because of concerns associated with an increase in new rig operations set to come out.

However, oil bulls believe that the current boom in the oil industry may continue into the next decade as high oil and gas prices create greater demand for offshore production. Transocean (NYSE: RIG) CEO Bob Long recently stated that they are “comfortable that…oil prices down to $40 a barrel and maybe even down to $35 would have little or no impact on the deepwater market.”


SPDR S&P Oil & Gas Exploration & Production (NYSEArca: XOP)

[NYBob]

ST Spdr O&G E&P Etf (NYSE:XOP)
Last Price (USD)
$ 33.23
Change
▼ -0.23 (-0.69%)
Bid 32.86
Ask 33.60
Volume 2,019,454
Day's Range 32.73 - 33.54
Last Trade 7:00:43 PM EDT
Click for Detailed Quote Page

[NYBob]

ST SPDR O&G E&P ETF
(NYSEArca: XOP)

After Hours: 35.55 Up 0.81 (2.33%) 4:31PM EThelp
Last Trade: 34.74
Trade Time: May 12
Change: Down 0.30 (0.86%)
Prev Close: 35.04
Open: 35.14
Bid: 34.46 x 500
Ask: 35.75 x 2500
NAV¹: 35.01
Day's Range: 33.79 - 35.58
52wk Range: 22.89 - 73.04
Volume: 3,367,657

[NYBob]

ST Spdr O&G E&P Etf (NYSE:XOP)
Last Price (USD)
$ 23.81
Change
▼ -0.42 (-1.73%)
Bid 23.01
Ask 24.73
Volume 7,804,302
Day's Range 23.02 - 25.04
Click for Detailed Quote Page
Last Trade:20:00:00 EST Mar-6-09

[NYBob]

ST Spdr O&G E&P Etf (NYSE:XOP)
Last Price (USD)
$ 30.26
Change
▲ 0.80 (2.72%)
Bid 29.61
Ask 31.00
Volume 3,628,641
Day's Range 29.31 - 30.49
Click for Detailed Quote Page
Last Trade:20:00:00 EST Jan-13-09

[NYBob]

ST Spdr O&G E&P Etf (NYSE:XOP)
Last Price (USD)
$ 30.1201
Change
▲ 2.20 (7.88%)
Bid 29.40
Ask 35.40
Volume 2,100,892
Day's Range 28.84 - 30.491
Click for Detailed Quote Page
Last Trade:20:00:00 EST Dec-10-08

[NYBob]

SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
$ 53.37 $0.1755 (+0.33%)
Volume: 135.3 k
3:59 PM EDT Mar 28, 2008

[NYBob]

SPDR S&P Oil & Gas Exploration & Production ETF (XOP) $ 46.93 0.00 (0.00%) Volume: 0
3:59 PM EST Feb 6, 2008