The market is currently down, with the Nasdaq slipping 0.4%, the S&P 500 declining 0.5% and the Dow down 0.7%. 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 down 0.3%, outperforming the market overall. Currently, the biggest movers in the sector are:
|Company||Market Cap||Percentage Change|
|InterOil Corporation (NYSE:IOC)||$3.11 billion||-6.1%|
|Rex (Nasdaq:REXX)||$641.1 million||+5.4%|
|Calumet Specialty Products Partners (Nasdaq:CLMT)||$1.81 billion||-4.4%|
|Alliance Holdings GP (Nasdaq:AHGP)||$2.82 billion||-4%|
|Tesoro (NYSE:TLLP)||$1.59 billion||-4%|
|Murphy (NYSE:MUR)||$11.12 billion||-3.1%|
|EV Energy Partners (Nasdaq:EVEP)||$2.53 billion||-2.8%|
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After a decline of 6.1%, InterOil Corporation (NYSE:IOC) has hit a share price of $60.40. So far today, the company's volume is 696,008 shares. Yesterday's volume was only 460,991 shares.
Rising 5.4%, Rex (Nasdaq:REXX) is currently trading at $12.78 per share. So far today, the company's volume is 647,692 shares, 0.8 times its current three-month average.
Calumet Specialty Products Partners (Nasdaq:CLMT) is currently trading at a share price of $30.14, a 4.4% decline. The company's volume for the day so far is 524,213 shares. This is 1.6 times the average daily volume.
Alliance Holdings GP (Nasdaq:AHGP) is down 4% to reach $45.26 per share. This morning, the company is trading a volume of 17,852 shares.
Falling 4%, Tesoro (NYSE:TLLP) is currently at a share price of $43.17. So far today, 80,425 shares have changed hands,.
Murphy (NYSE:MUR) has decreased to $55.45 per share, a 3.1% fall. This morning, the company is trading a volume of 1.8 million shares. This is in keeping with its current three-month average.
EV Energy Partners (Nasdaq:EVEP) is trading at $58.07 per share, down 2.8%. The company's volume is currently 444,471 shares for the day, 1.5 times the average daily volume.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.