PXE Stock Summary and Trading Ideas (Invesco Energy Exploration & Production ETF | ARCA:PXE)

The Invesco Energy Exploration & Production ETF (Fund) is based on the Dynamic Energy Exploration & Production Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including price momentum, earnings momentum, quality, management action, and value. The Index is composed of securities of 30 U.S. companies involved in the exploration and production of natural resources used to produce energy. These companies are engaged principally in exploration, extraction and production of crude oil and natural gas from land-based or offshore wells. These companies include petroleum refineries that process the crude oil into finished products, such as gasoline and automotive lubricants, and companies involved in gathering and processing natural gas, and manufacturing natural gas liquid. The Fund and Index are rebalanced and reconstituted quarterly in February, May, August and November.

Invesco Energy Exploration & Production ETF trades on the ARCA stock market under the symbol PXE.

As of April 30, 2024, PXE stock price declined to $34.78 with 29,344 million shares trading.

PXE has a beta of 0.55, meaning it tends to be less sensitive to market movements. PXE has a correlation of 0.09 to the broad based SPY ETF.

PXE has a market cap of $148.16 million. This is considered a Micro Cap stock.

In the last 3 years, PXE stock traded as high as $37.48 and as low as $14.02.

PXE has outperformed the market in the last year with a return of +33.3%, while the SPY ETF gained +23.0%. In the last 3 month period, PXE beat the market returning +14.4%, while SPY returned +3.1%. However, in the most recent 2 weeks PXE has underperformed the stock market by returning -3.3%, while SPY returned +0.1%.

PXE support price is $35.65 and resistance is $36.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PXE stock will trade within this expected range on the day.