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Tickers in this Article: NE, SM, CGV, PXD, HP, ESV, CRR
On a bad day for the market, the Nasdaq has fallen 0.7%, the S&P 500 has decreased 0.8% and the Dow has declined 0.6%. 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 1%, underperforming the market overall. The current biggest movers in the sector are:
CompanyMarket CapPercentage Change
Noble (NYSE:NE)$8.88 billion-2.6%
SM (NYSE:SM)$3.47 billion-2.4%
CGG Veritas (NYSE:CGV)$4.46 billion+2.3%
Pioneer Natural Res (NYSE:PXD)$13.1 billion-1.9%
Helmerich & Payne, Inc (NYSE:HP)$5.89 billion-1.7%
ENSCO (NYSE:ESV)$13.68 billion-1.6%
CARBO Ceramics (NYSE:CRR)$1.8 billion-1.6%
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Noble (NYSE:NE) has decreased to $34.21 per share, a 2.6% fall. So far today, 1.4 million shares of the company's stock have changed hands.

SM (NYSE:SM) has fallen 2.4% and is currently trading at $51.27 per share. The company's volume is currently 138,786 shares for the day, 0.1 times its average over the past three months.

CGG Veritas (NYSE:CGV) has risen 2.3% to hit a current price of $29.98 per share. This morning, the company is trading a volume of 2,400 shares.

Currently trading at $104.28 per share, Pioneer Natural Res (NYSE:PXD) has fallen 1.9%. At 206,448 shares, the company's volume so far today is 0.2 times the current daily average.

After a decline of 1.7%, Helmerich & Payne, Inc (NYSE:HP) has hit a share price of $54.82. The company's volume is currently 186,928 shares. This is on pace to reach yesterday's trading volume of 450,858 shares.

Falling 1.6%, ENSCO (NYSE:ESV) is currently at a share price of $57.94. So far today, the company's volume is 402,499 shares, 0.3 times the average volume over the last three months.

At $76.69, CARBO Ceramics (NYSE:CRR) has slipped 1.6%. So far today, 45,828 shares have changed hands.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. 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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