3 stocks endured heavy volumes amid market jump yesterday

Following yesterday's heightened trading volumes, National Fuel Gas Company, Imperial Oil Limited, Antero Midstream Corporation were the standout stocks.

A recap of yesterday's session: Markets closed higher yesterday; Dow Jones gained 0.8% and closed at 34,100. S&P 500 closed the day at 4,169.48, having gained 0.83%.

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.

Price action was mostly bullish yesterday with some energy stocks recording abnormally high trading volumes. Here's a recap:

National Fuel Gas | 287% higher than rolling average

Yesterday's trading volume was 1.25 million shares (surpassing the daily average by 287%).

The diversified energy company traded as high as $75.44 before shedding 16.86% lower over the past six months.

National Fuel Gas discloses 47.5 cents per share dividend to be paid on Friday, April 14th

National Fuel Gas is scheduled to announce earnings results Thursday. The consensus Earnings Per Share estimate is 1.57 and the consensus revenue estimate is $699 million.

Imperial Oil | 247% above rolling average

Trading volume peaked at 944,858 shares yesterday, thereby obliterating the daily average of 382,193 by 247%.

Having set a significant low of $40.38 7 months ago, the Canadian petroleum company is trading 26.7% higher.

Antero Midstream | 224% higher than rolling average

Yesterday's trading volume was 5.40 million shares (surpassing the daily average by 224%).

The Appalachian natural gas supplier is now trading 16.84% above the significant low ($8.85) it slumped to 7 months ago.

Antero Midstream's board sets quarterly dividend of 22.5 cents per share to be paid on Wednesday, May 10th; annual dividend yield esimated at 8.36%.

— Average trading volume refers to a 21-day rolling average.