HollyFrontier Corp, Diamondback Energy Inc, BP are at the top of this list of energy stocks on an uptrend.
The leading indices are falling — Dow Jones trades at 32,942 after losing 0.84%. S&P 500 trades at 3,813.63 after losing 0.93%.
On the flip side, data for United States Crude Oil Inventories published yesterday at 16:00 UTC came out at 718,000, beating projections of -1.52 million and showing improvement over the preceding figure of -5.89 million.
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.
| HollyFrontier | 2.74% (26 cents) gain over 9 days
HollyFrontier Corp gains 2% since the open around $35.23 after ending the previous day at $35.68, today the diversified energy company made its largest single-day jump of 71 cents (2%) since Mar 18, and is now trading around $36.39. Overall, HollyFrontier had a 2% move or 71 cents today and is currently trading at $36.39. Current trading volume stands at 4.78 million; 119% slightly above the 21-day average of 4 million.
| Diamondback Energy | 2.79% ($3.4) appreciation over 5 days (68 cents per day average)
Today's session might suggest a slow down — a mostly flat day so far for the hydrocarbon exploration company, range-bound between $135 and $137.26 and currently at $136.59. As things stand, Diamondback Energy is holding steady at $136.59 after kicking off today's session at $135.56.
The company is currently trading with a market cap of $24.85 billion with an average daily volume of 3 million shares. Approximately a month ago, the hydrocarbon exploration company reached a significant high of $167.03 but has struggled to hold onto its gains and declined 18.41% since then. So far in 2022, it has been outperforming the S&P 500 by 46.46%. On a negative trend for around a month. $2.44 billion was Diamondback Energy's last reported revenue with $6.48 being the current EPS.
| BP | 5 days long uptrend continues…
BP gains 0.24% since the open around $34.52 after ending yesterday at $34.7, BP is currently trading at $34.78. Based on current prices, BP shareholders are currently earning an annual dividend yield of 4.08% after the company distributed a quarterly dividend of 35.5 cents per share for all eligible shareholders as of Friday, November 11th. The most recent payment was made on 2022-12-16T00:00:00.