Sunday, October 21, 2012

Oklahoma Corp Stock Prices Up an Average 648% Since President Obama Took Office

In a recent post, from an extensive review of SEC filings, I found 21 Corps headquartered in the State of Oklahoma, with externally audited under US Generally Accepted Accounting Principles (US GAAP) After-tax Net Income or Net Loss of at least $100 mil in any of the most recent five fiscal years.

These 21 Largest Oklahoma Corps filing with the SEC generated Externally Audited US GAAP Total After-tax Net Income from Continuing Operations of $8,785 mil in the most recent fiscal year 2011, which was a profit increase of $13,142 mil as compared with the Total After-tax Net Loss of $4,357 mil generated by these same 21 Oklahoma companies just three years earlier in 2008, the last year of the Bush/Cheney Administration.

Oklahoma Corp 2011 Earnings

Since corporate earnings drive stock prices, in this post I turn my attention to just how well the stock market prices of these Oklahoma Corps have performed since President Obama took office.

Of these 21 Oklahoma Corps, only 14 of them had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also on last Friday, October 19, 2012. 

I retrieved all of the below stock market closing price information from the excellent Big website.

These 14 Oklahoma Corps had an average stock market price increase of an off-the-charts 648% since President Obama took office on January 20, 2009.  This is more than nine times the 69% increase in the S&P 500 Index and more than ten times the 61% increase in the Dow Industrials Index, both during the same time span.

There were 11 Oil and Gas Corps included.  They registered an average stock market price increase of an incredible 212% since President Obama took office.  Yeah, the Obama Administration has really harmed economically the Oklahoma Oil and Gas Corps.  Give me a break!

As great as this 212% average stock market price increase for these Oklahoma Oil and Gas Corps was, this was just a drop in the bucket as compared with the 6,573% stock price increase of Oklahoma's Dollar Thrifty since President Obama took office.
Oklahoma citizens have to be very happy with the stock market performance of their many fine Oklahoma companies during the Obama Administration.

And Oklahoma citizens also must be very pleased with how the Obama Administration worked so hard and very effectively on so many fronts to create a US economic environment that permitted these Oklahoma companies to flat out flourish.  This highly successful effort created a robust US economic environment which was quite a change from what existed in the just horrible financial meltdown, near Depression year of 2008.

So it's not just the Blue States and Swing States which have had very robust average stock market price increases during the Obama Administration.   Corporations in all Red States, including Oklahoma, have also been fortunate to experience these very nice average stock market price increases too.  This just shows that the Obama Administration has been evenhanded in focusing on creating an excellent US economic environment that have permitted businesses all throughout the country to prosper.

Below here are the common stock market closing prices of each of these 14 Oklahoma companies at both the most recent date, and also at the date just before President Obama took office, as well as the percentage stock market price changes for this period of time.

Market Market Percentage

Oklahoma Price Price Increase

HQs 10-19-12 1-16-09 (Decrease)

S&P 500 Index   1,433.19 850.12 69%
Dow Industrials Index   13,343.51 8,281.22 61%

Oklahoma Largest Corps

Oil and Gas Corps

GulfPort Energy Oklahoma City $32.32 $3.97 714%
Atlas Pipeline Partners Tulsa $35.87 $6.02 496%
Continental Resources Enid $77.02 $20.31 279%
OneOK Tulsa $47.62 $14.29 233%
Williams Companies Tulsa $34.97 $11.43 206%
Magellan Midstream Partners Tulsa $43.92 $15.96 175%
Helmerich & Payne Tulsa $50.17 $23.34 115%
Unit Corp Tulsa $43.06 $25.60 68%
Chesapeake Energy Oklahoma City $20.81 $15.26 36%
Sandridge Energy Oklahoma City $7.06 $6.57 7%
Devon Energy Oklahoma City $62.00 $58.68 6%

Average Increase: All 11 Oil and Gas Corps


Non-Oil and Gas Corps

Dollar Thrifty Tulsa $84.75 $1.27 6573%
Alliance Resource Partners Tulsa $63.22 $30.38 108%
BOK Financial Tulsa $57.62 $36.55 58%

Average Increase: All 3 Non-Oil and Gas Corps


Total all 14 Largest Oklahoma Corps


S&P 500 Index   1,433.19 850.12 69%
Dow Industrials Index   13,343.51 8,281.22 61%