The market is doing well so far today. The Nasdaq has climbed 0.6%; the S&P 500 has moved up 0.2%; and the Dow is 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.
The Energy sector (XLE) is down 0.1% on a good day for the market overall. The biggest movers in the sector so far are:
|Company||Market Cap||Percentage Change|
|Nexen Inc (NYSE:NXY)||$12.47 billion||+14.3%|
|Ultra (NYSE:UPL)||$3.02 billion||-3.5%|
|Ferrellgas Partners (NYSE:FGP)||$1.39 billion||+3.3%|
|SM (NYSE:SM)||$3.31 billion||-3.1%|
|EQT (NYSE:EQT)||$8.8 billion||-2.9%|
|Whiting (NYSE:WLL)||$5.13 billion||-2.5%|
|Rosetta Resources (Nasdaq:ROSE)||$2.33 billion||-2.5%|
Software Summary: Finviz.com Stock Screener
Nexen Inc (NYSE:NXY) is currently at $26.89 per share after a dramatic increase of 14.3%. So far today, the company's volume is 47.9 million shares. This is more trading activity than there was yesterday.
At $19.07, Ultra (NYSE:UPL) has slipped 3.5%. At 1.5 million shares, the company's volume so far today is 0.6 times the average volume over the last three months.
Ferrellgas Partners (NYSE:FGP) is up 3.3% to reach a current price of $18.23 per share. This morning, the company's volume is 234,211 shares. This is 0.9 times the average daily volume.
SM (NYSE:SM) has decreased to $48.51 per share, a 3.1% fall. The company's volume for the day so far is 581,254 shares.
Slipping 2.9%, EQT (NYSE:EQT) is currently trading at $57.11 per share. So far today, the company's volume is 846,785 shares, more than yesterday's 803,077 shares.
After a decline of 2.5%, Whiting (NYSE:WLL) has hit a share price of $42.56. So far today, the company's volume is 481,159 shares. This is 0.2 times its average volume over the past three months.
Rosetta Resources (Nasdaq:ROSE) is down 2.5% to reach $43.34 per share. At 280,452 shares, the company's volume so far today is in keeping with its current daily average.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.