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Tickers in this Article: CXO, LGCY, ESV, CLR, DO, WLL, IOC
The Nasdaq has declined 0.5%, the S&P 500 has fallen 0.2% and the Dow is trading down 0.2%, marking a bad morning for the market. 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 0.8%, underperforming the market overall. The current biggest movers in the sector are:
CompanyMarket CapPercentage Change
Concho Resources (NYSE:CXO)$9.1 billion-6.7%
Legacy (Nasdaq:LGCY)$1.3 billion-6%
ENSCO (NYSE:ESV)$13.41 billion-4.8%
Continental Resources (NYSE:CLR)$13.24 billion-4.7%
Diamond Offshore Drilling (NYSE:DO)$9.42 billion-3.5%
Whiting (NYSE:WLL)$4.95 billion+3%
InterOil Corporation (NYSE:IOC)$3.12 billion+2.8%
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At $81.15, Concho Resources (NYSE:CXO) has slipped 6.7%. So far this morning, 1.6 million shares have changed hands. This is 2.1 times the current daily average.

Falling 6%, Legacy (Nasdaq:LGCY) is currently at a share price of $25.45. So far today, the company's volume is 422,564 shares, more than yesterday's 190,755 shares.

Currently trading at $54.97 per share, ENSCO (NYSE:ESV) has fallen 4.8%. So far today, 3.4 million shares have changed hands.

Continental Resources (NYSE:CLR) has fallen 4.7% and is currently trading at $69.67 per share. So far today, the company's volume is 1.3 million shares, 1.3 times the current three-month average.

Diamond Offshore Drilling (NYSE:DO) has decreased to $65.41 per share, a 3.5% fall. The company's volume for the morning is 1.5 million shares. This is 1.4 times its current daily average.

Whiting (NYSE:WLL) has risen 3% and is currently trading at $43.31 per share. So far today, 10.9 million shares have changed hands, above yesterday's volume of 1.6 million shares.

After rising 2.8%, InterOil Corporation (NYSE:IOC) is currently trading at a share price of $66.33. This morning, the company is trading a volume of 432,749 shares.

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. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.

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