December 21, 2015: Here are four stocks trading with heavy volume among 202 equities making new 52-week lows today.
Kinder Morgan Inc. (NYSE: KMI) slipped about 6% on Monday to post a new 52-week low of $14.22 against a high of $44.71. The stock closed at $15.14 on Friday night. Volume was about 10% above the daily average of around 34 million shares traded. Lower crude oil prices today hit every sector of the energy industry hard, but pipeline companies may have gotten the biggest hit.
Energy Transfer Equity (NYSE: ETE) dropped about 2.3% on Monday to post a new 52-week low of $10.84 against a 52-week high of $35.44. The stock closed at $11.09 on Friday night. Volume reached 27 million shares, about 80% above the daily average of around 15 million shares traded. The pipeline company had no specific news today, but it’s in the same boat as Kinder Morgan.
Whiting Petroleum Corp. (NYSE: WLL) dropped about 9% on Monday to post a new 52-week low at $8.26 after closing at $9.09 on Friday. The stock’s 52-week high is $41.57. Share volume was more than 60% higher than the daily average of around 10 million. Whiting is an E&P company with a large acreage position in the Bakken shale. That’s not as golden today as it was 18 months ago.
Oasis Petroleum Inc. (NYSE: OAS) posted a new low on Monday. Shares dropped about 9.5% to a low of $6.47 from Friday’s closing price of $7.15. The stock’s 52-week high is $19.63. Volume was nearly double the daily average of around 10 million shares. The mid-cap E&P company had no specific news today.
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