Chesapeake Energy and Hess Lead Energy Stocks Rise: HES, CHK, EQT, HOC, RES

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.

Hess Corporation (NYSE:HES) is one of the top price gainers. Its stock price is $57.43, which is 78 cents (+1%) above the previous close of $56.87. Hess Corporation is a global integrated energy company that explores and refines crude oil and natural gas.

Stock Price Performance: From July 1, 2011, to September 27, 2011, the stock price had fallen $18.43 (-24.5%) from $75.30 to $56.87. 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 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).

Shares of Chesapeake Energy Corporation (NYSE:CHK) are trading at $28.79, up $1.11 (+4%) from the previous close of $27.68. Chesapeake Energy is a company that explores and develops properties for the production of crude oil and natural gas from underground reservoirs.

Stock Price Performance: From August 1, 2011, to September 27, 2011, the stock price had fallen $6.67 (-19.4%) from $34.35 to $27.68. The stock price saw one of its best stretches over the last year between January 4, 2011 and January 12, 2011 when shares rose for seven straight trading days, rising 6.4% (+$1.66). It saw one of its worst periods between September 16, 2011 and September 23, 2011 when shares fell for six straight trading days, falling 18.2% (-$5.78).

EQT Corporation (NYSE:EQT) is one of the top price gainers. Its stock price is $59.55, which is $1.38 (+2.4%) above the previous close of $58.17. EQT offers energy products including natural gas, NGLs, and a limited amount of crude oil and services to wholesale and retail customers in the United States.

Stock Price Performance: From July 1, 2011, to September 27, 2011, the stock price had risen $4.94 (9.3%) from $53.23 to $58.17. The stock price saw one of its best stretches over the last year between January 6, 2011 and January 18, 2011 when shares rose for eight straight trading days, rising 3.7% (+$1.68). It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six straight trading days, falling 24.4% (-$15.58).

Shares of Holly Corporation (NYSE:HOC) are trading at $28.47, up 49 cents (+1.8%) from the previous close of $27.98. Holly Corp is mainly an independent petroleum refiner which produces high value light products such as gasoline, diesel fuel and jet fuel.

Stock Price Performance: From May 4, 2011, to June 30, 2011, the stock price had risen $17.30 (33.2%) from $52.10 to $69.40. The stock price saw one of its best stretches over the last year between January 25, 2011 and February 8, 2011 when shares rose for 11 straight trading days, rising 30.7% (+$12.98). It saw one of its worst periods between April 5, 2011 and April 12, 2011 when shares fell for six straight trading days, falling 10.6% (-$6.86).

Rpc Inc. (NYSE:RES) is one of the top price gainers. Its stock price is $19.11, which is 27 cents (+1.4%) above the previous close of $18.84. RPC provides a range of specialized oil field services and equipment mainly to oil and gas companies engaged in the exploration, production and development of oil and gas properties.

Stock Price Performance: From August 29, 2011, to September 27, 2011, the stock price had dropped $6.10 (-24.5%) from $24.94 to $18.84. 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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