The Nasdaq is down 0.5%, the S&P 500 is trading down 0.3% and the Dow has been relatively flat so far today.
While the market overall has shown little change, the Oil and Gas Operations sector (DIG) is up 0.2% and its current biggest movers are:
|Company||Market Cap||Percentage Change|
|InterOil Corporation (NYSE:IOC)||$2.64 billion||-4.5%|
|Laredo Petroleum Holdings (NYSE:LPI)||$2.43 billion||-3.7%|
|Southwestern Energy (NYSE:SWN)||$12.26 billion||-2.4%|
|Targa Resources (NYSE:NGLS)||$3.7 billion||-2.1%|
|China Petroleum & Chemical Corp (NYSE:SNP)||$90.98 billion||+1.8%|
|EQT (NYSE:EQT)||$8.88 billion||-1.8%|
|Hess (NYSE:HES)||$16.93 billion||-1.7%|
Broker Summary: TD Ameritrade Thinkorswim
Slipping 4.5%, InterOil Corporation (NYSE:IOC) is currently trading at $52.19 per share. The company's volume is currently 496,733 shares for the day,.
Laredo Petroleum Holdings (NYSE:LPI) is down 3.7% to reach $18.25 per share. So far today, 61,600 shares have changed hands. This is 0.2 times its current three-month average.
Southwestern Energy (NYSE:SWN) has fallen 2.4% and is currently trading at $34.14 per share. So far today, the company's volume is 1.2 million shares, 0.3 times the average daily volume.
After a decline of 2.1%, Targa Resources (NYSE:NGLS) has hit a share price of $36.17. The company is currently trading a volume of 235,599 shares.
China Petroleum & Chemical Corp (NYSE:SNP) has moved up 1.8% and is currently trading at $106.72 per share. So far today, the company's volume is 13,231 shares, on pace to finish the day below yesterday's volume of 51,867 shares.
EQT (NYSE:EQT) is trading at $58.31 per share, down 1.8%. The company is currently trading a volume of 757,341 shares. This is 0.6 times the average volume over the last three months.
Currently trading at $48.73 per share, Hess (NYSE:HES) has fallen 1.7%. At 995,932 shares, the company's volume so far today is 0.4 times the average daily volume.
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.