5 Stocks in the Energy Sector Moving to the Upside Mid-Day: APC, BHI, NBL, OII, LUFK

Through early trading, these stocks are helping 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.

Shares of Anadarko Petroleum Corporation (NYSE:APC) are trading at $76.29, up $2.06 (+2.8%) from the previous close of $74.23. Anadarko Petroleum Corp. is engaged in the exploration and production of oil and natural gas.

Stock Price Performance: From August 18, 2011, to September 16, 2011, the stock price had risen $7.91 (11.8%) from $66.86 to $74.77. 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).

Baker Hughes Inc. (NYSE:BHI) is one of the top price gainers. Its stock price is $59.47, which is $1.74 (+3%) above the previous close of $57.73. Baker Hughes Inc. provides products and services for the drilling and evaluation of oil and gas wells as well as fluids and chemicals and reservoir technology.

Stock Price Performance: From July 21, 2011, to September 16, 2011, the stock price had fallen $20.18 (-25.4%) from $79.33 to $59.15. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine straight trading days, rising 12.1% (+$8.09). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 26.2% (-$20.43).

Shares of Noble Energy, Inc. (NYSE:NBL) are trading at $82.69, up $3.21 (+4%) from the previous close of $79.48. Noble Energy is an independent energy company that acquires and produces crude oil, natural gas and natural gas liquids.

Stock Price Performance: From July 21, 2011, to September 16, 2011, the stock price had fallen $14.78 (-15.3%) from $96.65 to $81.87. 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 7% (+$5.97). It saw one of its worst periods between December 29, 2010 and January 6, 2011 when shares fell for seven straight trading days, falling 5.2% (-$4.50).

Oceaneering International Inc. (NYSE:OII) is one of the top price gainers. Its stock price is $42.05, which is 83 cents (+2%) above the previous close of $41.22. Oceaneering International is an oilfield provider of engineered services and products mainly to the offshore oil and gas industry, with a focus on deepwater applications.

Stock Price Performance: From August 18, 2011, to September 16, 2011, the stock price had risen $4.69 (12.9%) from $36.49 to $41.18. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 11, 2010 when shares rose for 10 straight trading days, rising 15.5% (+$4.78). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 24.8% (-$10.87).

Shares of Lufkin Industries, Inc. (NASDAQ:LUFK) are trading at $65.95, up $1.64 (+2.6%) from the previous close of $64.31. Lufkin Industries, Inc. is a supplier of oil field and power transmission products, is divided into two operating segments: Oil Field and Power Transmission.

Stock Price Performance: From July 22, 2011, to September 19, 2011, the stock price had fallen $18.47 (-22.3%) from $82.78 to $64.31. The stock price saw one of its best stretches over the last year between March 15, 2011 and March 31, 2011 when shares rose for 13 straight trading days, rising 18% (+$14.24). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 24.7% (-$20.27).

 

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