Filed Under: ,
Tickers in this Article: SM, HEP, OIS, PXD, IOC, NRGY, XEC
The market is currently up, with the Nasdaq increasing 1.1%, the S&P 500 up 0.8% and the Dow climbing 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 up 1.5%, outperforming the market overall. The biggest movers in the sector so far are:
CompanyMarket CapPercentage Change
SM (NYSE:SM)$3.18 billion+6.2%
Holly Energy Partners (NYSE:HEP)$1.78 billion+5.4%
Oil States International (NYSE:OIS)$3.66 billion+3.9%
Pioneer Natural Res (NYSE:PXD)$12.88 billion+3.6%
InterOil Corporation (NYSE:IOC)$2.72 billion+3.4%
Inergy (NYSE:NRGY)$2.47 billion-3.4%
Cimarex (NYSE:XEC)$4.92 billion+3.3%
Beginner's Guide To Thinkorswim Trading Platform

SM (NYSE:SM) has risen 6.2% and is currently trading at $51.10 per share. The company's volume for the morning is 897,341 shares. This is 0.8 times the current daily average.

Holly Energy Partners (NYSE:HEP) is currently trading at $66.24 per share, a 5.4% increase. The company's volume for the day so far is 146,573 shares, 3.8 times the average volume over the last three months.

Oil States International (NYSE:OIS) is at $69.31 per share after an increase of 3.9%. This morning, the company is trading a volume of 240,737 shares.

After an increase of 3.6%, Pioneer Natural Res (NYSE:PXD) has reached a current price of $108.33. So far today, the company's volume is 399,734 shares, with trading activity in keeping with yesterday's which is likely to result in less activity than yesterday's volume of 800,983 shares.

After rising 3.4%, InterOil Corporation (NYSE:IOC) is currently trading at a share price of $58.19. So far today, the company's volume is 235,767 shares. This is 0.3 times its average daily volume.

Inergy (NYSE:NRGY) is down 3.4% to reach $17.47 per share. So far today, the company's volume is 612,816 shares, 1.3 times its current three-month average.

Cimarex (NYSE:XEC) has risen 3.3% to hit a current price of $58.80 per share. The company is currently trading a volume of 158,284 shares.

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

comments powered by Disqus

Trading Center