Colorado oil and gas stocks pummeled by coronavirus fear, broader trends

Greg Avery
Colorado oil and gas stocks pummeled by coronavirus fear, broader trends

Oil and gas stock prices have been hit the hardest by bad news in the market this year, with Colorado shale oil companies among the worst performing nationwide. Whiting Petroleum Corp (NYSE: WLL) and Extraction Oil & Gas Inc. (Nasdaq: XOG), both based in Denver, are among the five worst-performing stocks nationally out of 3,000 U.S. public companies included in a Denver Business Journal analysis. Several other Denver-based companies, including Centennial Resource Development Inc. (Nasdaq: CDEV), QEP Resources (NYSE: QEP), Highpoint Resources Corp. (NYSE: HPR) and Ovinitiv Inc. (NYSE: OVV) are among the 100 public companies that have lost the most since Jan. 2, all of them losing more than 45% of their stock value so far this year.