Following are the major movers in the oil & gas sector over the past trading sessions. Keep an eye on these stocks as momentum is strong.
TransGlobe Energy Corporation (NASDAQ:TGA) stock has seen solid buying interest over the past week with a gain of over 13% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 215% so far this year. On Tuesday, TGA stock ended jumped 2.71% to $3.03 with more than 1.07 million shares exchanged hands, above its average volume of 460K shares. Last week, the company reported net income of $37.1 million in its third quarter. On a per-share basis, the Calgary, Alberta-based company said it had profit of 51 cents. Earnings, adjusted for asset impairment gains, came to 17 cents per share. The oil and gas company posted revenue of $57.9 million in the period.
Martin Midstream Partners L.P. (NASDAQ:MMLP) stock is showing a very bullish move over the past few trading session as the stock jumped to a new 52-week high. In fact the stock has increased by 7% over the past month. The stock is trading above 130% from its 52-week low and 12% away from its 52-week high.
Chesapeake Energy Corporation (NASDAQ:CHK) stock continued to trade in a range after the recent jump. The stock has moved up about 65% in the past year. The stock is trading above 65% from its 52-week low and just 4% away from its 52-week high. On Tuesday, TGA stock ended jumped 1.74% to $67.37 with more than 2.13 million shares exchanged hands, above its average volume of 1.47 million shares
Allied Energy Corp. (OTCMKTS:AGYP): On a more speculative note, AGYP deserve a look from oil and gas investors as they have recently announced signing a new lease and also struck oil on their leased well sites located in Texas. Global energy prices are at 7 year highs. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit. AGYP issued news Thursday that they have achieved production on the #1, #2, and #5 wells of the Gilmer Lease in Texas.