Tuesday, August 27, 2013

Louisiana Corps Stock Prices Up 117% Since President Obama Took Office Despite BP Spill Setback

From a review of SEC filings, I found 16 Corps headquartered in the State of Louisiana which generated Audited After-Tax Net Income or Net Loss of at least $50 mil each in any of the five years from 2007 to 2011, and which also had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also yesterday, August 26, 2013.

These 16 Louisiana Corps had their average stock prices increase by 117% from January 16, 2009 to August 26, 2013.  This 117% increase is 1.2 times the 95% increase in the S&P 500 Index over the same time span.

This 117% increase is particularly noteworthy since it was generated in the same period of the horrible BP Spill with its very damaging impact on the Louisiana economy.  During this tough economic time, US Senator Mary Landrieu played an instrumental role in moderating the substantial economic turbulence to Louisiana's economy from the BP Spill.

Below here are the common stock market closing prices of each of these 16 Louisiana Corps at both the most recent date (August 26, 2013) and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time: 


Market Market Percentage

Louisiana Price Price Increase

HQs 8-26-13 1-16-09 (Decrease)
Louisiana Largest Corps








Lamar Advertising Baton Rouge $43.70 $11.81 270%
EPL Oil & Gas (1) New Orleans $31.95 $8.97 256%
H&E Equipment Services Baton Rouge $23.81 $6.98 241%
Pool Covington $53.83 $16.11 234%
Hornbeck Offshore Services Covington $56.74 $17.17 230%
Albemarle Baton Rouge $62.92 $22.63 178%
Stone Energy Lafayette $27.95 $10.31 171%
McMoRan Exploration (2) New Orleans $16.75 $9.18 82%
Amerisafe Deridder $33.80 $19.60 72%
Shaw Group (3) Baton Rouge $47.61 $29.01 64%
Superior Energy Services Harvey $25.80 $16.08 60%
Tidewater New Orleans $55.67 $38.51 45%
Iberiabank Lafayette $54.84 $40.79 34%
CenturyLink Monroe $33.14 $27.16 22%
Petroquest Energy Lafayette $4.30 $6.16 -30%
Amedisys Baton Rouge $17.11 $44.32 -61%




Average Increase: All 16 Louisiana Largest Corps

117%





Dow Industrials Index
14,946.46 8,281.22 80%
S&P 500 Index
1,656.78 850.12 95%
S&P Mid-Cap 400 Index
1,217.83 516.75 136%
S&P SmallCap 600 Index
588.11 247.89 137%

(1) EPL Oil & Gas has just recently moved its HQs to Houston, but is keeping the bulk of its people in New Orleans.
(2) McMoran Exploration was acquired in June 2013 and its above most recent stock price is for its most recent closing price.
(3) Shaw Group was acquired in Feb 2013 and its above most recent stock price is for its most recent closing price.