Plains All American Pipeline and Other Energy Stocks Making Big Moves on November 12, 2012

By Investopedia Staff | November 12, 2012 AAA

The Nasdaq is down 0.1%, the S&P 500 remains relatively unchanged and the Dow is trading down 0.1% so far today. 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) has risen 0.2% despite little change in the market overall. Currently, the biggest movers in the sector are:

Company Market Cap Percentage Change
NuStar Energy (NYSE:NS) $3.28 billion -6.7%
NuStar GP (NYSE:NSH) $1.13 billion -5.8%
Dril-Quip (NYSE:DRQ) $2.69 billion +3.4%
Plains All American Pipeline (NYSE:PAA) $15.2 billion -2.9%
AmeriGas Partners (NYSE:APU) $3.83 billion -2.8%
Approach Resources (Nasdaq:AREX) $950.4 million +2.6%
Gulfport (Nasdaq:GPOR) $1.78 billion +2.5%

Broker Summary: Charles Schwab Online Brokerage

NuStar Energy (NYSE:NS) is down 6.7% to reach $39.39 per share. The company is currently trading a volume of 775,090 shares.

Slipping 5.8%, NuStar GP (NYSE:NSH) is currently trading at $24.90 per share. At 167,681 shares, the company's volume so far today is one times the average daily volume.

After rising 3.4%, Dril-Quip (NYSE:DRQ) is currently trading at a share price of $68.77. So far today, the company's volume is 96,273 shares. This is on pace to fall short of yesterday's volume of 295,746 shares.

After a decline of 2.9%, Plains All American Pipeline (NYSE:PAA) has hit a share price of $44.18. The company's volume for the day so far is 667,650 shares, 0.9 times its average over the past three months.

AmeriGas Partners (NYSE:APU) is trading at $40.15 per share, down 2.8%. So far today, the company's volume is 149,442 shares.

Rising 2.6%, Approach Resources (Nasdaq:AREX) is currently trading at $25.31 per share. The company's volume is currently 214,894 shares for the day, 0.3 times the current daily average.

After an increase of 2.5%, Gulfport (Nasdaq:GPOR) has reached a current price of $32.84. So far today, 349,358 shares of the company's stock have changed hands. This is a sign that there will be less trading activity than there was yesterday.

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.

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