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Tickers in this Article: GPOR, DK, APU, TSO, IOC, SPH, SM
The Nasdaq has moved up 0.1%, the S&P 500 is trading up 0.2% and the Dow has risen 0.3% on a good day for the market so far.

The Oil and Gas Operations sector (DIG) is up 1%, outperforming the market overall. The biggest movers in the sector so far are:
CompanyMarket CapPercentage Change
Gulfport Energy Corporation (Nasdaq:GPOR)$1.25 billion+18.2%
Delek US Holdings, Inc. (NYSE:DK)$1.27 billion+7.9%
AmeriGas Partners, L.P. (NYSE:APU)$3.91 billion-5.2%
Tesoro (NYSE:TSO)$4.81 billion+4%
InterOil Corporation (USA) (NYSE:IOC)$4.18 billion+3.6%
Suburban Propane Partners, L.P. (NYSE:SPH)$1.43 billion-3.5%
SM Energy Co. (NYSE:SM)$2.96 billion+3.3%
Forex Broker Summary: Forex Capital Markets (FXCM)

Gulfport (Nasdaq:GPOR) is currently at $26.55 per share after a dramatic increase of 18.2%. The company is currently trading a volume of 1.8 million shares. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. The debt-equity (D/E) ratio is a leverage ratio. GPOR has a debt-equity ratio of 2%, which is on the low side. This shows that the company's assets are financed primarily through equity. The D/E ratio is not a pure measurement of a company's debt because it includes operational liabilities in total liabilities.

Increasing 7.9%, Delek US Holdings (NYSE:DK) is trading at $23.50 per share. The company's volume for the day so far is 332,610 shares, one times the average volume over the last three months. If a stock price makes a big move up or down, volume lets us know the significance of that move. Valuation ratios allow the investor to make a quick determination as to a company's investment value. The price/earnings ratio is calculated by taking a stock price and dividing it by the earnings-per-share (EPS). DK's P/E ratio of 6.8 falls below the industry average of 36.49. Companies with low P/E ratios may find it easier to surprise the market to the upside, even if their financial performance is not as strong as that of companies with high P/E ratios. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: Investment Valuation Ratios: Price/Earnings Ratio

At $39.90, AmeriGas Partners (NYSE:APU) has slipped 5.2%. So far today, the company's volume is 147,242 shares. This is 1.1 times the average daily volume. The trading volume for a stock indicates the level of investor interest. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The capitalization ratio is calculated by dividing long-term debt by the sum of long-term debt and shareholders' equity. The capitalization ratio for APU is 56.9%, which is fairly high. A high capitalization ratio is not necessarily bad since higher financial leverage can increase the return on a shareholder's investment. This ratio is considered to be one of the more meaningful of the "debt" ratios - it delivers the key insight into the use of leverage by a company.

Tesoro (NYSE:TSO) has risen 4% to hit a current price of $35.77 per share. The company's volume is currently 2.8 million shares for the day, lighter than yesterday's volume of 7.4 million shares. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. While investment valuation ratios are useful tools in estimating the attractiveness of an investment, remember that it is important to look at a company's historical performance and compare the company ratios with its competitors and industry overall. The price/earnings to growth (PEG) ratio is calculated by dividing the price/earnings ratio by growth in earnings-per-share; the lower the PEG ratio, the more reasonably valued the security. TSO has a PEG ratio of 0.77. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.

InterOil Corporation (NYSE:IOC) is up 3.6% to reach a current price of $89.92 per share. This morning, the company is trading a volume of 337,244 shares. A stock's volume conveys how excited investors are about it. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The price/book value ratio, often expressed simply as "price-to-book", provides investors a way to compare the market value, or what they are paying for each share, to a conservative measure of the value of the firm. IOC's P/B ratio of 12.27 shows that its share price is higher than its book value. This implies that investors expect management to create more value from a given set of assets and/or that the market value of the firm's assets is significantly higher than their accounting value. One problem with the P/B value ratio is that it can be difficult to calculate the true book value of a company, so investors should be aware that many measures of book value may provide only a rough estimate, and should be taken with a grain of salt. SEE: Using The Price-To-Book Ratio To Evaluate Companies

Suburban Propane Partners (NYSE:SPH) is trading at $38.78 per share, down 3.5%. The company's volume is currently 272,519 shares for the day, 1.7 times its current three-month average. If a stock price moves on high volume, this means that the change is a significant one. Investment valuation ratios provide investors with an estimation, albeit a simplistic one, of the value of a stock. Dividend yield is a way to measure how much cash flow you are getting for each dollar invested in an equity position - in other words, how much "bang for your buck" you are getting from dividends. SPH's dividend yield of 8.5% is on the high end. Companies with large dividends tend to cut them to preserve cash flow, so watch out that you don't end up with a stock that might not be worth owning. It is important to remember that while a higher dividend yield is more attractive, all else being equal, a higher dividend yield can also indicate greater perceived risk. SEE: Dividend Yield For The Downturn

SM (NYSE:SM) has increased to a share price of $46.94, a 3.3% rise. The company's volume for the day so far is 284,883 shares. This is 0.2 times its current daily average. Price change alone is not enough to know how a stock is doing. Volume is an important secondary indicator used to confirm trends suggested by price movement. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. The price/sales ratio is used for spotting recovery situations or for double-checking that a company's growth has not become overvalued. The P/S ratio for SM is a high 2.19. This could be a good sign if the share price increases. It is important to keep in mind when looking at the P/S ratio that just because a company is generating revenues, this does not mean that the company is profitable, and in the long run, profits drive stock prices.

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. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.

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