AMEX Oil & Gas Update: SNMP, LNG, MXC, GTE, 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.

Evolve Transition Infrastructure LP (NYSEAMERICAN:SNMP) stock has seen solid buying interest over the past quarter with a gain of over 10% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 68% so far this year. On Friday, SNMP stock jumped 1.98% to $1.03 with more than 2.23 million shares exchanged hands, above its average volume of 6.75 million shares.   

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 22% over the past one quarter. Moreover, the stock has soared 74% so far this year. The stock is trading above 96% from its 52-week low and 8% away from its 52-week high.  

Mexco Energy Corporation (NYSEAMERICAN:MXC) stock continued to trend higher in Friday’s trading session. MXC stock ended lower by 5.10% to $10.80 with more than 24k shares lower hands, below its average volume of 178K shares. The stock is trading above 103% from its 52-week low and 40% away from its 52-week high.   

Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) stock continued to trade in a range after the recent jump. The stock has moved up about 230% in the past year. The stock is trading above 240% from its 52-week low and just 38% 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 39% over the past quarter. The stock is trading above 100% from its 52-week low and 1522 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.