Cheniere Energy Partners, L.P., Occidental Petroleum Corporation, Western Midstream Partners, LP had the highest volumes yesterday.
Here's an update with information from the last trading session: Leading equity indices in the US declined as after dropping 0.71%, Dow Jones closed at 32,657. S&P 500 slipped 0.3% and closed at 3,970.
Why trading volume matters?
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
Though trading was down yesterday, some energy stocks reached high volumes. Here is an update.
Cheniere Energy Partners | 549% above rolling average
Cheniere Energy Partners, L.P. outpaced its average daily trading volume (318,009) with 1.74 million shares traded yesterday.
2 months ago the liquefied natural gas supplier reached a significant high of $62.08 but has consequently lost 20% since then.
Cheniere Energy Partners discloses $1.07 per share dividend to be paid on Monday, November 14th
Cheniere Energy Partners was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 1.87 per share on revenue of $4.72 billion, topping estimates of 1.72 per share on revenue of $4.28 billion.
Occidental Petroleum | 245% higher than rolling average
With 34.23 million shares traded yesterday, Occidental Petroleum beat its daily average by 245% to cap off a frenetic trading day.
Over the past 3 months, the US petrochemical manufacturer has retreated 22.39% from a noteworthy peak of $75.97.
Occidental Petroleum discloses 13 cents per share dividend to be paid on Tuesday, January 17th
Western Midstream | 235% higher than rolling average
Western Midstream outpaced its average daily trading volume (1 million) with 2.50 million shares traded yesterday.
Western Midstream hit a significant low of $22.54 around 8 months ago, but has since recovered 16.46%.
Western Midstream discloses 50 cents per share dividend to be paid on Monday, February 13th
— Average trading volume refers to a 21-day rolling average.