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EOG Among Oil and Gas Operations' Biggest Movers on November 6, 2012
So far today, the Nasdaq has remained steady, the S&P 500 has climbed 0.4% and the Dow has risen 0.6%.
The Oil and Gas Operations sector (DIG) has increased 1.7% so far today and here are its biggest movers:
Broker Summary: E-Trade Financial
Quicksilver Resources (NYSE:KWK) is currently trading at $3.20 per share, after a steep drop of 13.7%. So far today, 5.1 million shares of the company's stock have changed hands. Yesterday, volume was only 2.5 million shares.
Alon USA Energy (NYSE:ALJ) is currently at $14.45 per share after a dramatic increase of 11.8%. With 337,510 shares changing hands so far today, the company's volume is 1.2 times the current three-month average.
Approach Resources (Nasdaq:AREX) has fallen 6.4% and is currently trading at $24.13 per share. The company is currently trading a volume of 830,022 shares.
EOG (NYSE:EOG) is up 4.7% to reach a current price of $122.25 per share. At 2.2 million shares, the company's volume so far today is 1.1 times the current daily average.
Penn West Petroleum Ltd (NYSE:PWE) is trading at $11.21 per share, down 4%. The company's volume for the day so far is 2.9 million shares.
Tesoro (NYSE:TSO) is at $38.38 per share after an increase of 3.9%. So far today, the company's volume is 1.2 million shares, 0.3 times its current three-month average.
CVR Energy (NYSE:CVI) is currently trading at $37.18 per share, a 3.9% increase. The company's volume for the day so far is 96,735 shares.
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. 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.
The Oil and Gas Operations sector (DIG) has increased 1.7% so far today and here are its biggest movers:
| Company | Market Cap | Percentage Change |
| Quicksilver Resources (NYSE:KWK) | $641.7 million | -13.7% |
| Alon USA Energy (NYSE:ALJ) | $730.6 million | +11.8% |
| Approach Resources (Nasdaq:AREX) | $1 billion | -6.4% |
| EOG (NYSE:EOG) | $31.54 billion | +4.7% |
| Penn West Petroleum Ltd (NYSE:PWE) | $5.57 billion | -4% |
| Tesoro (NYSE:TSO) | $5.19 billion | +3.9% |
| CVR Energy (NYSE:CVI) | $3.11 billion | +3.9% |
Quicksilver Resources (NYSE:KWK) is currently trading at $3.20 per share, after a steep drop of 13.7%. So far today, 5.1 million shares of the company's stock have changed hands. Yesterday, volume was only 2.5 million shares.
Alon USA Energy (NYSE:ALJ) is currently at $14.45 per share after a dramatic increase of 11.8%. With 337,510 shares changing hands so far today, the company's volume is 1.2 times the current three-month average.
Approach Resources (Nasdaq:AREX) has fallen 6.4% and is currently trading at $24.13 per share. The company is currently trading a volume of 830,022 shares.
Penn West Petroleum Ltd (NYSE:PWE) is trading at $11.21 per share, down 4%. The company's volume for the day so far is 2.9 million shares.
Tesoro (NYSE:TSO) is at $38.38 per share after an increase of 3.9%. So far today, the company's volume is 1.2 million shares, 0.3 times its current three-month average.
CVR Energy (NYSE:CVI) is currently trading at $37.18 per share, a 3.9% increase. The company's volume for the day so far is 96,735 shares.
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. 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.
by
Investopedia Staff
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