It's been a good morning for the market. The Nasdaq is up 0.7%; the S&P 500 has increased 0.3%; and the Dow is trading up 0.3%. 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.

Underperforming the market overall, the Energy sector (XLE) is up 0.1%, and these are its current biggest movers:

Company Market Cap Percentage Change
Walter Energy (NYSE:WLT) $1.98 billion +6.9%
Comstock Resources (NYSE:CRK) $776.4 million +2.7%
Cabot Oil & Gas (NYSE:COG) $10.02 billion +2.4%
Noble Energy (NYSE:NBL) $17.08 billion +2.3%
Pioneer Southwest Energy Partners (NYSE:PSE) $809.3 million +2.2%
Hess (NYSE:HES) $16.9 billion -2%
Eni S.p.A (NYSE:E) $85.41 billion -1.9%

Beginner's Guide To NinjaTrader Trading Software

Walter Energy (NYSE:WLT) has risen 6.9% and is currently trading at $33.85 per share. So far today, 5.1 million shares have changed hands.

Rising 2.7%, Comstock Resources (NYSE:CRK) is currently trading at $16.56 per share. The company's volume for the day so far is 192,963 shares, 0.2 times its average over the past three months.

After an increase of 2.4%, Cabot Oil & Gas (NYSE:COG) has reached a current price of $48.77. So far today, the company's volume is 548,552 shares. This is 0.2 times the current daily average.

Increasing 2.3%, Noble Energy (NYSE:NBL) is trading at $98.25 per share. This morning, 955,126 shares have been traded,.

Pioneer Southwest Energy Partners (NYSE:PSE) is up 2.2% to reach a current price of $23.16 per share. The company is currently trading a volume of 20,447 shares.

Hess (NYSE:HES) is currently trading at a share price of $48.48, a 2% decline. With one million shares changing hands so far today, the company's volume is 0.4 times the average volume over the last three months.

Currently trading at $46.27 per share, Eni S.p.A (NYSE:E) has fallen 1.9%. The company's volume for the morning is 379,126 shares. This is in keeping with its current daily average.

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. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

Related Articles
  1. Stock Analysis

    Net Neutrality: Pros and Cons

    The fight over net neutrality has become an amazing spectacle. But at its core, it's yet another skirmish in cable television's war to remain relevant.
  2. Personal Finance

    A Day in the Life of an Equity Research Analyst

    What does an equity research analyst do on an everyday basis?
  3. Mutual Funds & ETFs

    ETF Analysis: PowerShares S&P 500 Downside Hedged

    Find out about the PowerShares S&P 500 Downside Hedged ETF, and learn detailed information about characteristics, suitability and recommendations of it.
  4. Mutual Funds & ETFs

    ETF Analysis: ProShares Large Cap Core Plus

    Learn information about the ProShares Large Cap Core Plus ETF, and explore detailed analysis of its characteristics, suitability and recommendations.
  5. Mutual Funds & ETFs

    ETF Analysis: iShares Core Growth Allocation

    Find out about the iShares Core Growth Allocation Fund, and learn detailed information about its characteristics, suitability and recommendations.
  6. Mutual Funds & ETFs

    ETF Analysis: iShares MSCI USA Minimum Volatility

    Learn about the iShares MSCI USA Minimum Volatility exchange-traded fund, which invests in low-volatility equities traded on the U.S. stock market.
  7. Stock Analysis

    Should You Follow Millionaires into This Sector?

    Millionaire investors—and those who follow them—should take another look at the current economic situation before making any more investment decisions.
  8. Professionals

    What to do During a Market Correction

    The market has corrected...now what? Here's what you should consider rather than panicking.
  9. Mutual Funds & ETFs

    ETF Analysis: Vanguard Mid-Cap Value

    Take an in-depth look at the Vanguard Mid-Cap Value ETF, one of the largest and most popular mid-cap funds in the U.S. equity space.
  10. Mutual Funds & ETFs

    ETF Analysis: Schwab US Broad Market

    Take an in-depth look at the Schwab U.S. Broad Market ETF, an incredibly low-cost fund based on a wide selection of the U.S. equity market.
RELATED TERMS
  1. Equity

    The value of an asset less the value of all liabilities on that ...
  2. Fractal Markets Hypothesis (FMH)

    An alternative investment theory to Efficient Market Hypothesis ...
  3. Hard-To-Sell Asset

    An asset that is extremely difficult to dispose of either due ...
  4. Sucker Yield

    When an investor has essentially risked all of his capital for ...
  5. PT (Perseroan Terbatas)

    An acronym for Perseroan Terbatas, which is Limited Liability ...
  6. Ltd. (Limited)

    An abbreviation of "limited," Ltd. is a suffix that ...
RELATED FAQS
  1. What is the difference between called-up share capital and paid-up share capital?

    The difference between called-up share capital and paid-up share capital is investors have already paid in full for paid-up ... Read Full Answer >>
  2. Why would a corporation issue convertible bonds?

    A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
  3. How does additional paid in capital affect retained earnings?

    Both additional paid-in capital and retained earnings are entries under the shareholders' equity section of a company's balance ... Read Full Answer >>
  4. What types of capital are not considered share capital?

    The money a business uses to fund operations or growth is called capital, and there are a number of capital sources available. ... Read Full Answer >>
  5. What is the difference between issued share capital and subscribed share capital?

    The difference between subscribed share capital and issued share capital is the former relates to the amount of stock for ... Read Full Answer >>
  6. What happens to the shares of stock purchased in a tender offer?

    The shares of stock purchased in a tender offer become the property of the purchaser. From that point forward, the purchaser, ... Read Full Answer >>

You May Also Like

COMPANIES IN THIS ARTICLE
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!