Price volatility of gas company stocks: some interesting results

Journal Article · Thu Aug 30 00:00:00 EDT 1984 · Public Util. Fortn.; (United States)

OSTI ID:6587194

Burkhardt, D A; Brown, M L

Ten gas companies with the largest amount of stock turnover during 1983 were examined to determine if this increased trading activity correlated with increased stock price volatility. The average trading volume for the ten high-turnover companies studied was 44% of total shares outstanding, which was well above the gas industry average of 25%. Two possible explanations can be offered for this volatility: the energy markets from 1979 to 1983 were, and are, in a state of almost constant turmoil with problems ranging from supply, regulatory response, and fuel switching; the continuing confusion and complexity caused by the Natural Gas Policy Act. One result of this situation has been artificially high gas prices, causing many high-volume industrial customers to switch to alternative fuels.

• Research Organization: Edward D. Jones and Co., New York, NY
• OSTI ID: 6587194
• Journal Information: Public Util. Fortn.; (United States), Vol. 114:5
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
NATURAL GAS
PRICES
NATURAL GAS POLICY ACT
ECONOMIC IMPACT
ECONOMICS
FINANCIAL DATA
FUEL SUBSTITUTION
GAS UTILITIES
INVESTMENT
MARKET
DATA
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INFORMATION
LAWS
NATIONAL ENERGY ACT
PUBLIC UTILITIES
294003* - Energy Planning & Policy- Natural Gas