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EOG Among Energy's Biggest Movers on November 26, 2012

November 26, 2012 | Filed Under » ,
Tickers in this Article » EXXI, ARLP, RRC, CXO, PXD, EOG, CLR
The market is having a bad day so far: the Nasdaq has declined 0.4%; the S&P 500 has decreased 0.7%; and the Dow is down 0.8%. 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 1.4%, and its current biggest movers are:
CompanyMarket CapPercentage Change
Energy (Nasdaq:EXXI)$2.69 billion-5.9%
Alliance Resource Partners (Nasdaq:ARLP)$2.11 billion-3.7%
Range (NYSE:RRC)$11.34 billion-3.5%
Concho Resources (NYSE:CXO)$8.5 billion-2.7%
Pioneer Natural Res (NYSE:PXD)$13.31 billion-2.6%
EOG (NYSE:EOG)$32.23 billion-2.6%
Continental Resources (NYSE:CLR)$13.14 billion-2.5%
Software Summary: Finviz.com Stock Screener

Falling 5.9%, Energy (Nasdaq:EXXI) is currently at a share price of $31.94. So far today, the company's volume is 970,701 shares.

Alliance Resource Partners (Nasdaq:ARLP) is trading at $55.04 per share, down 3.7%. This morning, 61,358 shares have been traded, more than yesterday's 41,669 shares.

Slipping 3.5%, Range (NYSE:RRC) is currently trading at $67.30 per share. So far today, 494,664 shares have changed hands. This is in keeping with the average volume over the past three months.

Concho Resources (NYSE:CXO) has decreased to $79.03 per share, a 2.7% fall. At 362,449 shares, the company's volume so far today is 0.4 times the average daily volume.

Pioneer Natural Res (NYSE:PXD) has fallen 2.6% and is currently trading at $105.15 per share. So far today, 391,954 shares have changed hands.

At $115.94, EOG (NYSE:EOG) has slipped 2.6%. At 468,867 shares, the company's volume so far today is.

Continental Resources (NYSE:CLR) is currently trading at a share price of $69.22, a 2.5% decline. So far today, the company's volume is 258,567 shares. This is 0.3 times the average volume over the last three months.

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.

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