5 Energy Stocks Selling Off on Wall Street: OXY, APC, HES, SDRL, SM

Through most of the trading day on Friday, September 30, 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.

Occidental Petroleum Corporation (NYSE:OXY) is among the price losers in the sector. Its shares are trading at $72.48, which is $2.82 (-3.8%) below the previous close of $75.35. Occidental Petroleum is an international organization with subsidiaries operating in the oil and gas, chemical, and midstream markets.

Stock Price Performance: From July 6, 2011, to September 29, 2011, the stock price had fallen $29.85 (-28.4%) from $105.20 to $75.35. The stock price saw one of its best stretches over the last year between December 8, 2010 and December 22, 2010 when shares rose for 11 straight trading days, rising 7.6% (+$6.77). It saw one of its worst periods between July 21, 2011 and August 8, 2011 when shares fell for 13 straight trading days, falling 26.3% (-$28.29).

Anadarko Petroleum Corporation (NYSE:APC) is one of the sector losers in price. Its shares are trading at $64.41, down $2.70 (-4.1%) from the previous close of $67.15. Anadarko Petroleum is engaged in the exploration and production of oil and natural gas.

Stock Price Performance: From August 3, 2011, to September 29, 2011, the stock price had fallen $13.04 (-16.3%) from $80.19 to $67.15. The stock price saw one of its best stretches over the last year between December 22, 2010 and January 3, 2011 when shares rose for eight straight trading days, rising 13.1% (+$8.85). It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six straight trading days, falling 22.6% (-$18.71).

Hess Corporation (NYSE:HES) stocks are trading at $53.52. This is $1.99 (-3.6%) below the previous close of $55.54, making the company one of the biggest price losers in the sector today. Hess Corporation is a global integrated energy company that explores and refines crude oil and natural gas.

Stock Price Performance: From July 6, 2011, to September 29, 2011, the stock price had fallen $18.75 (-25.2%) from $74.29 to $55.54. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven straight trading days, rising 9.7% (+$6.72). It saw one of its worst periods between April 5, 2011 and April 18, 2011 when shares fell for 10 straight trading days, falling 10.6% (-$9.12).

Seadrill Limited (NYSE:SDRL) is among the price losers in the sector as its stock price is $27.93, down $1.01 (-3.7%) from the previous close of $28.99. Seadrill Limited, an offshore drilling contractor, provides drilling and well services to the oil and gas industries worldwide. The company also offers platform drilling, well intervention, and engineering services.

Stock Price Performance: From July 5, 2011, to September 28, 2011, the stock price had fallen $6.47 (-18.5%) from $34.97 to $28.50. It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six straight trading days, falling 6.8% (-$2.37). The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven straight trading days, rising 8.4% (+$2.71).

Shares of SM Energy Company (NYSE:SM) are trading at $62.34, down $2.57 (-4.2%) from the previous close of $65.07. SM Energy is an independent energy company focused on the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States.

Stock Price Performance: From August 3, 2011, to September 29, 2011, the stock price had fallen $18.01 (-21.7%) from $83.08 to $65.07. The stock price saw one of its best stretches over the last year between November 2, 2010 and November 11, 2010 when shares rose for eight straight trading days, rising 18.3% (+$7.73). It saw one of its worst periods between May 9, 2011 and May 17, 2011 when shares fell for seven straight trading days, falling 8.1% (-$5.50).

 

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