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Canadian Natural Resource Ltd (USA) and Other Big Movers In Oil and Gas Operations
The Nasdaq is down 0.1%, the S&P 500 is trading down 0.2% and the Dow has decreased 0.2% on a bad morning for the market.
The Oil and Gas Operations sector (DIG) is up 0.3% on a bad day for the market overall. The biggest movers in the sector are currently:
Forex Broker Summary: UFXMarkets
Delek US Holdings (NYSE:DK) has increased to a share price of $25.85, a 7.9% rise. The company's volume for the day so far is 846,021 shares. The trading volume for a stock indicates the level of investor interest. Valuation ratios include the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. If the price/book value ratio of a stock is high, it may indicate that the stock is expensive, while a lower ratio may indicate that the stock is a bargain. DK has a P/B ratio of 2.16 which shows that its share price is higher than its book value. This high share price relative to asset value is likely to indicate that the company has been earning a very high return on its assets. P/B has its shortcomings but is still widely used as a valuation metric, more relevant for use by investors looking at capital-intensive or finance-related businesses, such as banks; book value does not carry much meaning for service-based firms with few tangible assets. SEE: Investment Valuation Ratios: Price/Book Value Ratio
Slipping 6.8%, Alon USA Energy (NYSE:ALJ) is currently trading at $11.59 per share. The company's volume for the day so far is 311,019 shares, 1.1 times its current three-month average. If a stock price makes a big move up or down, volume lets us know the significance of that move. A company's value as an investment is more easily estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The price/sales ratio is used for spotting recovery situations or for double-checking that a company's growth has not become overvalued. ALJ has a low P/S ratio of 0.07. Low P/S ratios can indicate unrecognized value potential - so long as other criteria like high profit margins, low debt levels and growth prospects are in place. 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.
Canadian Natural Resource Ltd (NYSE:CNQ) is currently trading at $31.27 per share, a 4.9% increase. The company's volume is currently 3.7 million shares. Volume is used to evaluate how meaningful the price movement of a stock is. Valuation ratios allow the investor to make a quick determination as to a company's investment value. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. CNQ has a debt ratio of 50.4%. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
After rising 4.7%, Gulfport (Nasdaq:GPOR) is currently trading at a share price of $27.55. The company's volume is currently 797,790 shares for the day, 0.7 times its current daily average. Volume is used to evaluate how meaningful the price movement of a stock is. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The debt-equity (D/E) ratio compares the total liabilities for a company to its total shareholder equity. 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 4.4%, Atlas Resource Partners (NYSE:ARP) is trading at $26.85 per share. So far today, the company's volume is 4,191 shares. Volume indicates the level of interest that investors have in a company at its current price. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. The capitalization ratio measures the debt component of the capital structure, or capitalization of a company (i.e., the sum of long-term debt liabilities and shareholder equity) to support operations and growth. ARP has a capitalization ratio of 62.3%, which is on the high end. If the company is a company is in a highly competitive business and hobbled by high debt, it will find its competitors taking advantage of its problems to grab more market share. Prudent use of leverage (debt) increases the financial resources available to a company for growth and expansion.
Continental Resources (NYSE:CLR) is up 2.7% to reach a current price of $71.46 per share. At 1.1 million shares, the company's volume so far today is consistent with its average over the last three months. In technical analysis, trading volume is used to determine the strength of a market indicator. Looking at a company's valuation ratios is a good way of getting a basic idea as to its value as an investment. The price/earnings to growth (PEG) ratio compares a company's P/E ratio to its earnings-per-share growth rate, which tells you whether or not you are getting a good value when purchasing a stock with a high price/earnings ratio (P/E ratio). CLR has a PEG ratio of 0.83. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.
Cimarex (NYSE:XEC) has risen 2.2% and is currently trading at $60.99 per share. The company's volume for the day so far is 265,175 shares. This is a sign that there will be less trading activity than there was yesterday. 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. Valuation ratios like the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield are useful in determining how attractive a potential or existing investment is. One of the favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. The P/B ratio for XEC is 1.59, indicating that the stock is trading for more than its book value. This may be a sign that the company is overvalued. 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
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. 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.
The Oil and Gas Operations sector (DIG) is up 0.3% on a bad day for the market overall. The biggest movers in the sector are currently:
| Company | Market Cap | Percentage Change |
| Delek US Holdings, Inc. (NYSE:DK) | $1.39 billion | +7.9% |
| Alon USA Energy, Inc. (NYSE:ALJ) | $699 million | -6.8% |
| Canadian Natural Resource Ltd (USA) (NYSE:CNQ) | $32.7 billion | +4.9% |
| Gulfport Energy Corporation (Nasdaq:GPOR) | $1.46 billion | +4.7% |
| Atlas Resource Partners, L.P. (NYSE:ARP) | $828.9 million | +4.4% |
| Continental Resources, Inc. (NYSE:CLR) | $12.6 billion | +2.7% |
| Cimarex Energy Co. (NYSE:XEC) | $5.13 billion | +2.2% |
Delek US Holdings (NYSE:DK) has increased to a share price of $25.85, a 7.9% rise. The company's volume for the day so far is 846,021 shares. The trading volume for a stock indicates the level of investor interest. Valuation ratios include the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. If the price/book value ratio of a stock is high, it may indicate that the stock is expensive, while a lower ratio may indicate that the stock is a bargain. DK has a P/B ratio of 2.16 which shows that its share price is higher than its book value. This high share price relative to asset value is likely to indicate that the company has been earning a very high return on its assets. P/B has its shortcomings but is still widely used as a valuation metric, more relevant for use by investors looking at capital-intensive or finance-related businesses, such as banks; book value does not carry much meaning for service-based firms with few tangible assets. SEE: Investment Valuation Ratios: Price/Book Value Ratio
Slipping 6.8%, Alon USA Energy (NYSE:ALJ) is currently trading at $11.59 per share. The company's volume for the day so far is 311,019 shares, 1.1 times its current three-month average. If a stock price makes a big move up or down, volume lets us know the significance of that move. A company's value as an investment is more easily estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The price/sales ratio is used for spotting recovery situations or for double-checking that a company's growth has not become overvalued. ALJ has a low P/S ratio of 0.07. Low P/S ratios can indicate unrecognized value potential - so long as other criteria like high profit margins, low debt levels and growth prospects are in place. 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.
Canadian Natural Resource Ltd (NYSE:CNQ) is currently trading at $31.27 per share, a 4.9% increase. The company's volume is currently 3.7 million shares. Volume is used to evaluate how meaningful the price movement of a stock is. Valuation ratios allow the investor to make a quick determination as to a company's investment value. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. CNQ has a debt ratio of 50.4%. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Increasing 4.4%, Atlas Resource Partners (NYSE:ARP) is trading at $26.85 per share. So far today, the company's volume is 4,191 shares. Volume indicates the level of interest that investors have in a company at its current price. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. The capitalization ratio measures the debt component of the capital structure, or capitalization of a company (i.e., the sum of long-term debt liabilities and shareholder equity) to support operations and growth. ARP has a capitalization ratio of 62.3%, which is on the high end. If the company is a company is in a highly competitive business and hobbled by high debt, it will find its competitors taking advantage of its problems to grab more market share. Prudent use of leverage (debt) increases the financial resources available to a company for growth and expansion.
Continental Resources (NYSE:CLR) is up 2.7% to reach a current price of $71.46 per share. At 1.1 million shares, the company's volume so far today is consistent with its average over the last three months. In technical analysis, trading volume is used to determine the strength of a market indicator. Looking at a company's valuation ratios is a good way of getting a basic idea as to its value as an investment. The price/earnings to growth (PEG) ratio compares a company's P/E ratio to its earnings-per-share growth rate, which tells you whether or not you are getting a good value when purchasing a stock with a high price/earnings ratio (P/E ratio). CLR has a PEG ratio of 0.83. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.
Cimarex (NYSE:XEC) has risen 2.2% and is currently trading at $60.99 per share. The company's volume for the day so far is 265,175 shares. This is a sign that there will be less trading activity than there was yesterday. 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. Valuation ratios like the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield are useful in determining how attractive a potential or existing investment is. One of the favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. The P/B ratio for XEC is 1.59, indicating that the stock is trading for more than its book value. This may be a sign that the company is overvalued. 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
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. 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.
by
Investopedia Staff
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