On Friday, November 08, 2013, all three indexes of the US equity market posted gains. The S&P 500 ended the day at 1,770.61, up 1.34%; the Dow Jones Industrial Average closed at 15,761.78, up 1.08%; and the NASDAQ Composite finished at 3,919.23, up 1.60%. Shares in the independent oil and gas industry ended on a higher note, tracking gains in the broader market. The major movers in the industry included Oasis Petroleum Inc. (NYSE: OAS), Pioneer Natural Resources Company (NYSE: PXD), Occidental Petroleum Corporation (NYSE: OXY), and Gran Tierra Energy Inc. (NYSE MKT: GTE). All these companies are tracked by AAAResearchReports.com.
On Friday, Oasis Petroleum Inc.'s stock surged to close the day at $51.26, up 4.25% from the previous day's closing price of $49.17. The company's shares vacillated between $48.79 and $51.40 during the trading session. A total of 2.03 million shares were traded, which is below the daily average volume of 2.05 million. The company's shares have gained 25.33% in the previous three months, outperforming the S&P 500, which has advanced 4.68% during the same period. Moreover, Oasis Petroleum Inc.'s stock is trading above its 50-day and 200-day moving averages of $49.35 and $41.05, respectively.
Shares in Pioneer Natural Resources Co. fluctuated between $185.88 and $193.45 before ending Friday's session 1.97% higher at $189.83. A total of 2.72 million shares were traded, which is above the daily average volume of 1.45 million. The company's shares have gained 8.09% in the previous three months, outperforming the S&P 500, which has advanced 4.68% during the same period. Furthermore, Pioneer Natural Resources Co.'s stock is trading above its 200-day moving average of $153.39.
On Friday, Occidental Petroleum Corp.'s stock edged higher to end the day at $96.33, which is 0.50% higher than the previous day's closing price of $95.85. The company's shares vacillated between $95.56 and $96.47 during the trading session. A total of 4.79 million shares were traded, which is above the daily average volume of 3.55 million. The company's shares have gained 1.29% in the last one month and 9.12% in the previous three months, compared to a gain of 3.96% and 4.68% in the S&P 500 during the respective periods. Further, Occidental Petroleum Corp.'s stock is trading near its 52-week high of $98.70 and above its 50-day and 200-day moving averages of $93.95 and $88.82, respectively.
Gran Tierra Energy Inc.'s stock advanced on Friday, tracking gains in the broader market. The company's shares closed the day 1.60% higher at $7.61, after vacillating between $7.45 and $7.62. A total of 0.96 million shares were traded, which is below the daily average volume of 1.02 million. The company's shares have gained 3.40% in the last one month and 15.48% in the previous three months, compared to a gain of 3.96% and 4.68% in the S&P 500 during the respective periods. Additionally, Gran Tierra Energy Inc.'s stock is trading above its 50-day and 200-day moving averages of $7.31 and $6.33, respectively.