4 Energy Stocks with Big Declines This Morning: ESV, CNX, COG, RES

Through the early part of trading on Thursday, September 15, 2011, these stocks are bringing down the Energy (NYSE:XLE) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Ensco plc (NYSE:ESV) is one of the sector losers in price. Its shares are trading at $48.22, down 27 cents (-0.6%) from the previous close of $48.51. Ensco PLC provides of offshore contract drilling services to the international oil and gas industry.

Stock Price Performance: From August 16, 2011, to September 14, 2011, the stock price had risen $3.11 (6.9%) from $45.40 to $48.51. The stock price saw one of its best stretches over the last year between August 25, 2011 and September 1, 2011 when shares rose for six straight trading days, rising 12.2% (+$5.26). It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six straight trading days, falling 24.3% (-$12.85).

Shares of CONSOL Energy Inc. (NYSE:CNX) are trading at $42.42, down 2 cents (-0.1%) from the previous close of $42.48. Consol Energy, Inc. is a coal and gas energy producer and energy services provider that mainly serves the electric power generation industry in the United States.

Stock Price Performance: From July 19, 2011, to September 14, 2011, the stock price had fallen $11.47 (-21.3%) from $53.95 to $42.48. The stock price saw one of its best stretches over the last year between July 12, 2011 and July 22, 2011 when shares rose for nine straight trading days, rising 14.1% (+$6.74). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 30.9% (-$16.54).

Cabot Oil & Gas Corporation (NYSE:COG) stocks are trading at $69.18. This is $1.13 (-1.3%) below the previous close of $70.11, making the company one of the biggest price losers in the sector today. Cabot Oil & Gas Corporation is an independent company engaged in the development, exploitation and exploration of oil and gas properties in North America.

Stock Price Performance: From June 17, 2011, to September 13, 2011, the stock price had risen $9.48 (15.7%) from $60.31 to $69.79. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 11, 2010 when shares rose for 11 straight trading days, rising 24.9% (+$7.01). It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six straight trading days, falling 21.2% (-$15.96).

Rpc Inc. (NYSE:RES) is among the price losers in the sector. Its shares are trading at $22.10, which is 44 cents (-1.9%) below the previous close of $22.53. RPC Inc. provides a range of specialized oilfield services and equipment mainly to independent and oil and gas companies engaged in the exploration, production and development of oil and gas properties.

Stock Price Performance: From July 18, 2011, to September 13, 2011, the stock price had fallen $2.84 (-10.9%) from $26.01 to $23.17. The stock price saw one of its best stretches over the last year between April 12, 2011 and April 25, 2011 when shares rose for nine straight trading days, rising 21.1% (+$4.61). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 16.5% (-$4.42).

 

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