6 stocks to avoid amid oil battering

After crude oil prices slipped further Thursday, "Fast Money" traders forecasted more pain for some battered energy stocks.

U.S. crude settled 1.1 percent lower at $36.76 a barrel, and hit its level lowest since 2009 during the session. Internationally traded Brent lingered just below $40 per barrel.

Big producers

As prices have shown few signs of recovering, shares of energy giants ConocoPhillips and Exxon Mobil look expensive, said trader Guy Adami. Still, Conoco and Exxon shares have already plunged about 28 and 18 percent this year, respectively.

Brazilian oil company Petrobras, which has dealt with the fallout of a corruption investigation as well as falling crude prices, looks "the most scary," said trader Karen Finerman. Its shares have fallen 35 percent this year.

Scott Olson | Getty Images


Despite a 28 percent drop this year, shares of offshore driller Transocean seem like a risky play, Adami said.

Rowan Companies, another driller with exposure to ConocoPhillips, looks vulnerable currently, said trader Steve Grasso. The company's shares have fallen more than 21 percent this year.


Home construction company D.R. Horton has a strong presence in Texas, which gives it "lots of exposure" to oil industry pain, said trader Brian Kelly.


Steve Grasso

Steve is Long AAPL, BA, BAC, CC, DD, DECK, EVGN, KBH, MJNA, MBLY, MU, OLN, PFE, PHM, T, TWTR, GDX firm is long DVN, BP, COP, CVX, FCX, OXY, RIG kids own EFA, EFG, EWJ, IJR, SPY

Brian Kelly

Brian Kelly is long BBRY, Bitcoin, GLD, Hong Kong Dollar, TLT, US Dollar; he is short Yuan, British Pound, Candaian Dollar, Euro, GSG, Yen, EEM, EWC, EWH, SPY

Karen Finerman

Karen is long BAC, C, FL, GOOG, GOOGL, JPM, KORS, KORS call spreads, M, SEDG, URI, she is short SPY, Her firm is long ANTM, AAPL, BAC, C, DIS, DIS puts, FL, FL calls, GOOG, GOOGL, GPS, JPM, KORS, LYV, MA, URI, URI long puts, WFM, her firm is short IWM, SPY, MDY. Karen Finerman is on the board of GrafTech International.

Guy Adami

Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.