AMEX Energy Report: GDP, LNG, MXC, IMO, EPM
Following are the major movers in the oil & gas sector over the past trading sessions. Keep an eye on these stocks as momentum is strong.
Goodrich Petroleum Corporation (NYSEAMERICAN:GDP) stock has seen solid buying interest over the past quarter with a gain of over 44% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 120% so far this year. On Tuesday, GDP stock jumped 4.16% to $22.26 with more than 73K shares exchanged hands, above its average volume of 102K shares.
Cheniere Energy, Inc. (NYSEAMERICAN:LNG) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 24% over the past one quarter. Moreover, the stock has soared 77% so far this year. The stock is trading above 104% from its 52-week low and 6% away from its 52-week high.
Mexco Energy Corporation (NYSEAMERICAN:MXC) stock continued to trend higher in Tuesday’s trading session. MXC stock ended higher by 1.84% to $11.63 with more than 9k shares exchanged hands, below its average volume of 176K shares. The stock is trading above 130% from its 52-week low and 35% away from its 52-week high.
Imperial Oil Limited (NYSEAMERICAN:IMO) stock continued to trade in a range after the recent jump. The stock has moved up about 110% in the past year. The stock is trading above 116% from its 52-week low and just 3% away from its 52-week high.
Evolution Petroleum Corporation (NYSEAMERICAN:EPM) stock is showing a very bullish move over the past few trading session as the stock jumped to a new 52-week high. In fact the stock has increased by 50% over the past quarter. The stock is trading above 139% from its 52-week low and 15% away from its 52-week high.
Allied Energy Corp. (OTCMKTS:AGYP) AGYP deserves a look from oil and gas investors, as they recently announced signing a new lease and also struck oil on their leased well sites in Texas. Global energy prices are at 7 year highs. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit. AGYP recently issued news that they have achieved production on the #1, #2, and #5 wells of the Gilmer Lease in Texas. AGYP announced they are also making progress on the Prometheus lease.
