Nexen Inc

(

NXY

) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 3%. By the end of trading, Nexen Inc rose 12 cents (0.8%) to $14.82 on average volume. Throughout the day, 3.8 million shares of Nexen Inc exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in a price between $14.23-$14.98 after having opened the day at $14.39 as compared to the previous trading day's close of $14.70. Other companies within the Energy industry that increased today were:

Royale Energy Inc

(

ROYL

), up 17.3%,

HKN Inc

(

HKN

), up 10.2%,

Energy Services of America Corporation

(

ESA

), up 7.9%, and

Blue Dolphin Energy Company

(

BDCO

), up 5.3%.

Nexen Inc. operates as an independent energy company worldwide. Its Oil and Gas segment explores for, develops, and produces crude oil, natural gas, and related products. This segment primarily operates onshore in Yemen and Canada, and offshore in the U.S. Gulf of Mexico and the U.K. Nexen Inc has a market cap of $8.01 billion and is part of the

basic materials

sector. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are down 35.8% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Nexen as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

On the negative front,

InterOil Corporation

(

IOC

), down 14.4%,

GMX Resources Inc

(

GMXR

), down 11.9%,

Hercules Offshore Inc

(

HERO

), down 10%, and

Parker Drilling Company

(

PKD

), down 9.9%, were all losers within the energy industry with

ConocoPhillips

(

COP

) being today's energy industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider

Energy Select Sector SPDR

(

XLE

) while those bearish on the energy industry could consider

Proshares Short Oil & Gas

(

DDG

).

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