Filed Under: ,
Tickers in this Article: MMR, PXP, CIE, EXXI, FGP, TSO, IOC
Currently, the Nasdaq is trading down 1%, the S&P 500 has fallen 0.1% and the Dow is trading up 0.2%. The energy sector is the category of stocks that relate to producing or supplying energy. This sector includes companies involved in the exploration and development of oil or gas reserves, oil and gas drilling, or integrated power firms. Performance in the sector is largely driven by the supply and demand for worldwide energy. Energy producers will do very well during times of high oil and gas prices, but will earn less when the value of energy drops. Furthermore, this sector is sensitive to political events, which historically have driven changes in the price of oil.

The biggest movers in the Energy sector (XLE) (+0.4%) are:
CompanyMarket CapPercentage Change
Mcmoran (NYSE:MMR)$1.37 billion+81.5%
Plains Exploration & Production (NYSE:PXP)$4.65 billion+25.9%
Cobalt International Energy (NYSE:CIE)$9.76 billion+14.5%
Energy (Nasdaq:EXXI)$2.49 billion+5.6%
Ferrellgas Partners (NYSE:FGP)$1.46 billion-4.4%
Tesoro (NYSE:TSO)$5.73 billion-3.9%
InterOil Corporation (NYSE:IOC)$2.54 billion+2.9%
Broker Summary: Fidelity Online Brokerage

After a big jump of 81.5%, Mcmoran (NYSE:MMR) is trading at $15.35 per share. The company's volume is currently 59.3 million shares for the day, 7.1 times the current daily average.

Plains Exploration & Production (NYSE:PXP) is trading at $45.39 per share, a significant rise of 25.9%. This morning, the company is trading a volume of 35.8 million shares.

Cobalt International Energy (NYSE:CIE) is currently at $27.23 per share after a dramatic increase of 14.5%. This morning, 3.6 million shares have been traded, whereas yesterday, volume was only 1.4 million shares.

Energy (Nasdaq:EXXI) has risen 5.6% to hit a current price of $33.10 per share. So far today, the company's volume is 1.9 million shares. This is 1.1 times the current three-month average.

Slipping 4.4%, Ferrellgas Partners (NYSE:FGP) is currently trading at $17.62 per share. So far today, the company's volume is 104,416 shares, 0.4 times its current daily average.

Tesoro (NYSE:TSO) is currently trading at a share price of $39.20, a 3.9% decline. The company's volume for the day so far is 2.1 million shares.

After an increase of 2.9%, InterOil Corporation (NYSE:IOC) has reached a current price of $54.01. At 231,746 shares, the company's volume so far today is while it was 1.4 million shares yesterday.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

comments powered by Disqus

Trading Center