Despite that demand for oil is expected to set a record this year, worries over a weak economy are pushing oil prices below the $80 per gallon mark, and oil companies’ share prices are falling right along with it.

When oil prices are high, the impact on companies’ bottom lines is immediate, because the cost of production is relatively stable from year to year. That means when prices fall, revenue and profits take a hit too. Consumers, however, get relief at the pump.

PetroQuest Energy and Stone Energy fell 9 and 8 percent Thursday, respectively. PetroQuest went from $6.57 to $5.99 and Stone dropped from $21.37 to $19.70. Shares in Superior Energy Services also lost 9 percent, falling from $32.74 to $29.83. All three stocks of local interest were down again in early morning trading Friday.

AP reported Thursday that it was much the same with big oil companies. Chevron fell $4.40 to $89.87, a drop of 4.6 percent. ConocoPhillips shares lost $2.22 to $62.73, a drop of 3.5 percent. BP fell $1.29, or 3.5 percent, to $35.61. ExxonMobil shares also fell more than 3 percent, dropping $2.33 to $69.64. All four were down again this morning.

Read the AP story here.

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ABiz Stock Watch
o Home Bancorp 22.90 ▲0.24 (1.06%)
o Frank's International 17.47 ▲0.05 (0.29%)
o IberiaBank Corp 64.05 ▲0.46 (0.72%)
o LHC Group 23.36 ▲0.15 (0.65%)
o MidSouth Bancorp 18.93 ▲0.06 (0.32%)
o Petroquest Energy 4.47 ▲0.21 (4.93%)
o PHI Inc. 40.04 ▼0.34 (-0.84%)
o Superior Energy 25.71 ▲0.70 (2.80%)
o Stone Energy 25.24 ▲1.77 (7.54%)
o Facebook Inc. 80.04 ▲1.67 (2.13%)
o Twitter Inc. 49.67 ▲0.59 (1.20%)
o Gannett 31.24 ▲1.17 (3.89%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.90 Trade time:4:00PM EDT Value change:▲0.24 (1.06%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:17.47 Trade time:4:03PM EDT Value change:▲0.05 (0.29%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:64.05 Trade time:4:00PM EDT Value change:▲0.46 (0.72%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:23.36 Trade time:4:00PM EDT Value change:▲0.15 (0.65%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:18.93 Trade time:4:01PM EDT Value change:▲0.06 (0.32%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.47 Trade time:4:03PM EDT Value change:▲0.21 (4.93%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:40.04 Trade time:4:00PM EDT Value change:▼0.34 (-0.84%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:25.71 Trade time:4:03PM EDT Value change:▲0.70 (2.80%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:25.24 Trade time:4:04PM EDT Value change:▲1.77 (7.54%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:80.04 Trade time:4:00PM EDT Value change:▲1.67 (2.13%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:49.67 Trade time:4:00PM EDT Value change:▲0.59 (1.20%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:31.24 Trade time:4:03PM EDT Value change:▲1.17 (3.89%)
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