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Market volatility creating buying opportunity for energy stocks?

Published 11/29/2016, 12:37 PM
Updated 11/29/2016, 12:52 PM
Utilities, energy companies spark interest on Tuesday.
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Investing.com - Markets ended down on Monday with losses in seven out of nine market sectors. The NASDAQ Composite ended the trading session at 5,368.81, down 0.56%; the Dow Jones Industrial Average edged 0.28% lower, to finish at 19,097.90; and the S&P 500 closed at 2,201.72, down 0.53%. The shift in sentiment prompted Stock-callers.com today to issue a review for investors on energy stocks, including the following equities: Clean Energy Fuels Corporation (NASDAQ: CLNE), ONEOK Inc (NYSE:OKE). (NYSE: OKE), Companhia Paranaense de Energia - COPEL (NYSE: ELP), and Portland General Electric Company (NYSE:GE) (NYSE: POR).

Clean Energy Fuels

Newport Beach, Calif.-based Clean Energy Fuels Corp.'s stock declined 4.88%, closing the day at $3.51. The stock had a trading volume of 1.68 million shares. Shares of the firm, which provide natural gas as an alternative fuel for vehicle fleets in North America, yesterday traded 0.28% above the 200-day moving average. The stock has a Relative Strength Index (RSI) of 33.42, according to the report.

ONEOK

Yesterday, shares in Tulsa-based ONEOK Inc. ended the session 1.73% lower at $52.82 with a total volume of 1.19 million shares traded. ONEOK's shares increased 8.88% in the last month, 12.94% in the previous three months, and 92.25% in the past one year. The stock is trading 7.35% above its 50-day moving average and 29.03% above its 200-day moving average. The company is involved in gathering, processing, storage and transportation of natural gas in the U.S. Shares are trading at a PE ratio of 38.53 and have an RSI of 63.18.

Companhia Paranaense de Energia

Curitiba, Brazil-based Companhia Paranaense de Energia - COPEL's stock finished Monday's session 3.42% up at $8.76 with a total volume of 505,935 shares traded. COPEL's shares have gained 19.53% in the past one year. Shares of the Company, which engages in the generation, transmission, distribution and sale of electricity to industrial, residential, commercial, rural and other customers primarily in the State of Parana, Brazil, are trading at a PE ratio of 5.67. Shares are trading below its 50-day and 200-day moving averages by 15.69% and 0.44%, respectively. COPEL's stock has an RSI of 39.39.


Portland General Electric

Shares in Oregon-based Portland General Electric Co. recorded a trading volume of 381,005 shares. The stock ended the day 1.95% higher at $43.35. Shares of the Company, which engages in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in the state of Oregon, are trading at a PE ratio of 21.09. Portland General Electric's stock has gained 3.56% in the last one month, 3.43% in the previous three months, and 21.82% in the past one year. The company is trading above its 50-day and 200-day moving averages by 2.78% and 5.58%, respectively. Furthermore, shares of Portland General Electric have an RSI of 59.05. Last week, research firm Bank of America/Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'.

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