The market is having a bad day so far. The Nasdaq has declined 2.7%; the S&P 500 has slipped 2.6%; and the Dow has fallen 2.5%. 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 Energy sector (XLE) is currently lagging behind the overall market, down 3.1%, and its current biggest movers are:
|Company||Market Cap||Percentage Change|
|Marathon (NYSE:MPC)||$19.28 billion||+73.7%|
|Alliance Resource Partners (Nasdaq:ARLP)||$2.35 billion||-10.5%|
|Devon Energy (NYSE:DVN)||$24.12 billion||-8.2%|
|SM (NYSE:SM)||$3.95 billion||-5.5%|
|CARBO Ceramics (NYSE:CRR)||$1.79 billion||-4.7%|
|Continental Resources (NYSE:CLR)||$13.76 billion||-4.5%|
|Pioneer Natural Res (NYSE:PXD)||$13.42 billion||-4.5%|
Forex Broker Summary: UFXMarkets
Marathon (NYSE:MPC) is trading at $99 per share, a significant rise of 73.7%. So far today, 997,677 shares have changed hands, lighter than yesterday's volume of 4.3 million shares.
Taking a 10.5% hit, Alliance Resource Partners (Nasdaq:ARLP) is currently trading at $57.04 per share. So far today, 249,643 shares have changed hands.
Devon Energy (NYSE:DVN) has decreased to $54.72 per share, a 8.2% fall. With 3.7 million shares changing hands so far today, the company's volume is 1.4 times the current three-month average.
At $56.44, SM (NYSE:SM) has slipped 5.5%. This morning, the company's volume is 201,283 shares. This is 0.2 times its current daily average.
After a decline of 4.7%, CARBO Ceramics (NYSE:CRR) has hit a share price of $73.99. So far today, the company's volume is 245,042 shares, consistent with the volume from yesterday on pace to finish the day below yesterday's volume of 505,751 shares.
Currently trading at $72.54 per share, Continental Resources (NYSE:CLR) has fallen 4.5%. This morning, the company is trading a volume of 392,181 shares.
Falling 4.5%, Pioneer Natural Res (NYSE:PXD) is currently at a share price of $104.24. The company's volume for the day so far is 698,089 shares, 0.4 times the average volume over the last three months.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. 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.