3 Stocks Pushing The Energy Industry Lower

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The Energy industry as a whole closed the day down 0.5% versus the S&P 500, which was down 0.6%. Laggards within the Energy industry included Sonde Resources ( SOQ), down 7.2%, Houston American Energy ( HUSA), down 5.3%, Pyramid Oil ( PDO), down 2.5%, FieldPoint Petroleum ( FPP), down 4.4% and Ivanhoe Energy ( IVAN), down 3.0%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Ivanhoe Energy ( IVAN) is one of the companies that pushed the Energy industry lower today. Ivanhoe Energy was down $0.01 (3.0%) to $0.23 on light volume. Throughout the day, 222,539 shares of Ivanhoe Energy exchanged hands as compared to its average daily volume of 510,500 shares. The stock ranged in price between $0.22-$0.24 after having opened the day at $0.23 as compared to the previous trading day's close of $0.23.

Ivanhoe Energy has a market cap of $26.6 million and is part of the basic materials sector. Shares are down 62.5% year-to-date as of the close of trading on Wednesday.

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