Eagle & Beagle
Our top-performing Oklahoma stock this week should come as no surprise.
Dollar Thrifty Automotive Group made the most money for its shareholders during the week in which it also made the most news. Hertz Global Holdings has agreed to pay more than $2 billion in cash for the Tulsa rental car company.
The stock added more than $6, or 7.6 percent, over the past five days to close the week at $87.16.
Congratulations to anyone who held DTG through the horror show that occurred in early 2009 when the shares bottomed out at 60 cents.
Your belief — or perhaps stubbornness — has rewarded you with a 14,426 percent return.
Spend some of those profits on a bottle of bubbly.
On the other hand, this week's beagle didn't produce any big news last week.
Nevertheless, shares of PostRock Energy Corp. slid 8.5 percent over the past five trading days. The fall doesn't look quite as precipitous when one takes into consideration that the actual share price declined just 17 cents (to $1.82), and that the trading volume was below average for this already lightly traded issue.
Early last month, the Oklahoma City firm reported a net second-quarter loss of $18.5 million, compared with a profit of $7.5 million in the year-ago quarter. Revenues slipped 50 percent, mirroring a drop in the company's realized natural gas price.
PostRock is producing more oil, but that asset still accounts for a small percentage of the company's total production.
While nowhere near the highs of more than $4 set last winter, PSTR is trading off the lows of earlier this summer.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Writer Don Mecoy.