Natural Gas Companies' Shares Lose Ground as Prices Hit Three-Year Low

   By Stephen Nakrosis

Shares of many natural gas companies are trading in the red near the end of Monday's regular trading session, as prices for the commodity closed Monday at a three-year low.

With less than 30 minutes left before the bell, Range Resources Corp. (RRC) saw its shares fall 8.41%, trading at $4.73. Volume was very heavy, with almost 17 million shares trading, above the 65-day average volume of some 8.9 million.

EQT Corp. (EQT) shares were 4.54% lower at $13.66 per share. Volume of just over 6 million shares was above the 65-day average of 4.1 million shares.

Other companies losing ground included Encana Corp. (ECA), down 1.95% at $4.11, and Southwestern Energy Co. (SWN), which lost 6.62% to trade at $1.90. Pioneer Natural Resources Co. (PXD), whose shares fell 2.01% to $132.95, and Apache Corp. (APA), whose shares dropped 2.32% to trade at $23.37.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

July 29, 2019 16:05 ET (20:05 GMT)

Apache (NYSE:APA)
Historical Stock Chart
From Mar 2024 to Apr 2024