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Tickers in this Article: REXX, BPT, EVEP, BBG, SGY, CWEI, CNQ
Currently, the Nasdaq has been relatively flat, the S&P 500 is up 0.3% and the Dow has increased 0.2%.

The Oil and Gas Operations sector (DIG) is trading up 1.2% so far today and here are its biggest movers:
CompanyMarket CapPercentage Change
Rex (Nasdaq:REXX)$637.4 million+8%
BP Prudhoe Bay (NYSE:BPT)$2.46 billion-7.7%
EV Energy Partners (Nasdaq:EVEP)$2.31 billion+4.6%
Bill (NYSE:BBG)$1.13 billion+3.7%
Stone (NYSE:SGY)$1.21 billion+3.4%
Clayton Williams Energy (Nasdaq:CWEI)$591.5 million+2.8%
Canadian Natural Resource Ltd (NYSE:CNQ)$35.22 billion+2.6%
Broker Summary: TD Ameritrade Thinkorswim

Rex (Nasdaq:REXX) is up 8% to reach a current price of $13.05 per share. So far this morning, 1.5 million shares have changed hands. This is 1.5 times the average daily volume. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move. Understanding investment valuation ratios allows an investor to assess the true value of an individual stock. The price/book value ratio is especially important for value investors as it can provide an indication of the true value of a company's assets at a time when its business model may be failing. The P/B ratio for REXX is 1.66, indicating that the stock is trading for more than its book value. This may be a sign that the company is overvalued. P/B value ratios are particularly useful to value investors, distressed or "vulture" investors, or any other investors purchasing beaten-down securities but are less useful to investors focused on growth stocks, purchasing IPOs, or investing in technology or other "asset-lite" companies. SEE: Using The Price-To-Book Ratio To Evaluate Companies

BP Prudhoe Bay (NYSE:BPT) is trading at $106.15 per share, down 7.7%. The company's volume is currently 428,317 shares for the day, 6.1 times the average volume over the last three months. Price change alone is not enough to know how a stock is doing. Volume is an important secondary indicator used to confirm trends suggested by price movement. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. Perhaps one of the most widely-used stock analysis tools is the price-to-earnings ratio, or P/E. BPT's P/E ratio is 12.4. From the investor's perspective, a stock with a lower ratio is relatively cheaper than a stock with a higher ratio. SEE: Profit With The Power Of Price-To-Earnings

EV Energy Partners (Nasdaq:EVEP) has risen 4.6% to hit a current price of $57.03 per share. So far today, 375,491 shares have changed hands. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. A company's investment value can be estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. EVEP has a debt ratio of 42.8%, which is fairly low. A low debt ratio means the company has more available cash flow. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.

Bill (NYSE:BBG) has moved up 3.7% and is currently trading at $24.24 per share. At 257,428 shares, the company's volume so far today is lighter than yesterday's volume of 902,294 shares. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. While measuring a price/earnings ratio (P/E ratio) is a popular valuation technique, the measure cannot be calculated for companies without earnings, so some investors analyze the price/sales ratio. BBG's P/S ratio of 1.36 is on the high side. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. It is important to compare P/S ratios for companies in the same industry, as ratios can vary quite widely for companies in different industries.

Stone (NYSE:SGY) is currently trading at $25.28 per share, a 3.4% increase. The company's volume for the morning is 243,910 shares. This is 0.2 times its current daily average. The trading volume for a stock indicates the level of investor interest. While investment valuation ratios are useful tools in estimating the attractiveness of an investment, remember that it is important to look at a company's historical performance and compare the company ratios with its competitors and industry overall. The debt-equity (D/E) ratio is a measurement of how much suppliers, lenders, creditors and obligors have committed to the company versus what the shareholders have committed. SGY's D/E ratio is 97%. This easy-to-calculate ratio provides a general indication of a company's equity-liability relationship and is helpful to investors looking for a quick take on a company's leverage.

Rising 2.8%, Clayton Williams Energy (Nasdaq:CWEI) is currently trading at $50.01 per share. The company's volume for the day so far is 10,002 shares, 0.2 times its current three-month average. In technical analysis, trading volume is used to determine the strength of a market indicator. Valuation ratios like the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield are useful in determining how attractive a potential or existing investment is. The price/book value ratio, often expressed simply as "price-to-book", provides investors a way to compare the market value, or what they are paying for each share, to a conservative measure of the value of the firm. CWEI has a P/B ratio of 1.58 which shows that its share price is higher than its book value. This high share price relative to asset value is likely to indicate that the company has been earning a very high return on its assets. All else being equal, a stock with a low P/B value ratio is more attractive than a stock with a high ratio. SEE: Investment Valuation Ratios: Price/Book Value Ratio

Canadian Natural Resource Ltd (NYSE:CNQ) has risen 2.6% and is currently trading at $33.01 per share. This morning, the company is trading a volume of 1.2 million shares. A stock's volume conveys how excited investors are about it. It is important for an investor to estimate the value of any potential or existing investment; valuation ratios make this easier. The capitalization ratio measures the debt component of the capital structure, or capitalization of a company (i.e., the sum of long-term debt liabilities and shareholder equity) to support operations and growth. The capitalizion ratio of 23.5% is on the low end. Low leverage is a significant balance sheet strength, a sign of a less risky investment. A low level of debt and a healthy proportion of equity in a company's capital structure is an indication of financial fitness.

The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

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