Cheniere Energy, Inc., Canadian Natural Resources Limited, Pioneer Natural Resources Co are the ones to notice as they lead energy stocks on an uptrend.
Markets closed higher yesterday; Dow Jones gained 1.05% and closed at 33,000. S&P 500 closed the day at 3,981.35, having gained 0.76%.
Uptick coincides with some positive signs published earlier as highly important Initial Jobless Claims data from United States beat analyst expectations of 195,000 with a reading of 190,000.
What is an uptrend?
An uptrend describes the price movement of a continuously appreciative financial asset over a particular time frame. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs.
Cheniere Energy continues an 8 day uptrend; goes up 1.57% yesterday
After setting a $158.75 – $164.77 range, Cheniere Energy, Inc. closed the day at $163.32 having risen 1.57%. The US natural gas producer went up to $163.32, gaining 1.57%. Yesterday's trading volume was 1.78 million shares which is slightly below the 21-day average of 1.84 million. Cheniere Energy disclosed a quarterly dividend of 39.5 cents per share on Monday, September 12th that was paid on Wednesday, November 16th to all shareholders of record up until Tuesday, November 8th. Based on current prices, the company's decision thereby provides Cheniere Energy investors with an annual dividend yield of 0.967%.
Canadian Natural Resources continues a 7 day uptrend; goes up 1.62% yesterday
After setting a $58.08 – $59.53 range, Canadian Natural Resources closed the day at $58.9 having risen 1.62%. Ending Wednesday at $57.96, the Canadian oil & gas producer rallied 1.62% yesterday and stayed at the $58.9 level. Daily trading volume (3.22 million shares) increased, making up 174% of the 21-day average (1.86 million). Also, the firm paid out a quarterly dividend of 62.37 cents per share on Thursday, January 5th to all active shareholders as of Friday, December 16th. Eligible investors secured a quarterly dividend yield of 4.24% for this year.
Pioneer Natural Resources continues a 5 day uptrend; moves up 2.13% yesterday
After setting a $205 – $210.68 range, Pioneer Natural Resources closed the day at $209.8 having risen 2.13%. An influx of buyers helped the hydrocarbon explorer to end the session higher around $209.8, while establishing a $205 to $210.68 session range yesterday. Daily trading volume (3.36 million shares) was slightly greater than the current multiday average of 3.19 million. Pioneer Natural Resources disclosed a quarterly dividend of $5.71 per share on Thursday, October 27th that was paid on Thursday, December 15th to all shareholders of record up until Wednesday, November 30th. Based on current prices, the company's decision thereby provides Pioneer Natural Resources investors with an annual dividend yield of 10.89%.
Suncor Energy continues a 7 day uptrend; ascends 2.33% yesterday
After setting a $33.71 – $34.9 range, Suncor Energy closed the day at $34.79 having risen 2.33%. Suncor Energy rallied 2.33% and ended the session at $34.79. Daily trading volume (10.55 million shares) was higher than the current multiday average of 4.71 million. Regarding dividends, the company's quarterly dividend yield now stands at 4.5% after Suncor Energy's board disclosed a dividend of 39.1 cents per share on Tuesday, February 14th to be paid on Friday, March 24th for all shareholders of record up until Friday, March 3rd.