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Anadarko and Other Big Movers In Oil and Gas Operations on November 7, 2012
It's been a bad day for the market after the morning's trading. The Nasdaq is trading down 2.7%; the S&P 500 has slipped 2.6%; and the Dow has decreased 2.5%.
The Oil and Gas Operations sector (DIG) is currently lagging behind the overall market, down 6.5%, and its current biggest movers are:
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Marathon (NYSE:MPC) rose a significant 73.7% to reach $99 per share. This morning, the company is trading a volume of 997,677 shares.
Slipping 8.7%, Energy (Nasdaq:EXXI) is currently trading at $31.84 per share. So far today, 1.6 million shares have changed hands, above yesterday's volume of 795,016 shares.
Currently trading at $54.72 per share, Devon Energy (NYSE:DVN) has fallen 8.2%. The company is currently trading a volume of 3.7 million shares. This is 1.4 times its average volume over the past three months.
SM (NYSE:SM) is down 5.5% to reach $56.44 per share. So far today, the company's volume is 201,283 shares, 0.2 times the average daily volume.
Hess (NYSE:HES) has fallen 4.6% and is currently trading at $52.96 per share. The company is currently trading a volume of 1.1 million shares.
Continental Resources (NYSE:CLR) is currently trading at a share price of $72.54, a 4.5% decline. This morning, 392,181 shares have been traded, lighter than yesterday's volume of 1.6 million shares.
At $70.08, Anadarko (NYSE:APC) has slipped 4.1%. So far today, 1.3 million shares have changed hands. This is 0.3 times the average volume over the last three months.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
The Oil and Gas Operations sector (DIG) is currently lagging behind the overall market, down 6.5%, and its current biggest movers are:
| Company | Market Cap | Percentage Change |
| Marathon (NYSE:MPC) | $19.28 billion | +73.7% |
| Energy (Nasdaq:EXXI) | $2.76 billion | -8.7% |
| Devon Energy (NYSE:DVN) | $24.12 billion | -8.2% |
| SM (NYSE:SM) | $3.95 billion | -5.5% |
| Hess (NYSE:HES) | $18.96 billion | -4.6% |
| Continental Resources (NYSE:CLR) | $13.76 billion | -4.5% |
| Anadarko (NYSE:APC) | $36.52 billion | -4.1% |
Marathon (NYSE:MPC) rose a significant 73.7% to reach $99 per share. This morning, the company is trading a volume of 997,677 shares.
Slipping 8.7%, Energy (Nasdaq:EXXI) is currently trading at $31.84 per share. So far today, 1.6 million shares have changed hands, above yesterday's volume of 795,016 shares.
Currently trading at $54.72 per share, Devon Energy (NYSE:DVN) has fallen 8.2%. The company is currently trading a volume of 3.7 million shares. This is 1.4 times its average volume over the past three months.
Hess (NYSE:HES) has fallen 4.6% and is currently trading at $52.96 per share. The company is currently trading a volume of 1.1 million shares.
Continental Resources (NYSE:CLR) is currently trading at a share price of $72.54, a 4.5% decline. This morning, 392,181 shares have been traded, lighter than yesterday's volume of 1.6 million shares.
At $70.08, Anadarko (NYSE:APC) has slipped 4.1%. So far today, 1.3 million shares have changed hands. This is 0.3 times the average volume over the last three months.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
by
Investopedia Staff
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