The energy industry closed the day up 4.4%. Berry Petroleum ( BRY), Crosstex Energy ( XTEX), RAM Energy Resources Inc ( RAM), and Toreador Resources Corporation ( TRGL) were all decliners today within the energy industry with Copano Energy ( CPNO) being today's featured energy loser. Copano Energy fell $1.02 (-3.1%) to $32.03 on average volume. Throughout the day, 369,401 shares of Copano Energy exchanged hands as compared to its average daily volume of 258,200 shares. Copano Energy, L.L.C. provides midstream services to natural gas producers in the United States. The company's services comprise natural gas gathering, compression, dehydration, treating, marketing, transportation, processing, conditioning, and fractionation. Copano Energy has a market cap of $2.2 billion and is part of the basic materials sector. Shares are down 2.1% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Copano Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.
Copano Energy (Nasdaq:CPNO) hit a new 52-week high Wednesday as it is currently trading at $41.52, above its previous 52-week high of $41.41 with 16,138 shares traded as of 9:35 a.m. ET. Average volume has been 926,100 shares over the past 30 days.