Chevron and Schlumberger Leads Energy Stocks Falling on Wall Street: CVX, SLB, APC, XEC, STR

Through most of the trading day on Tuesday, October 4, 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.

Chevron Corporation (NYSE:CVX) stocks are trading at $88.30. This is $1.79 (-1.8%) below the previous close of $89.88, making the company one of the biggest price losers in the sector today. Chevron provides management and technology support to international subsidiaries that operate petroleum, chemicals, mining, power generation, and energy services.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $13.15 (-12.4%) from $105.74 to $92.59. 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 7.4% (+$7.16). It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight trading days, falling 4.9% (-$5.37).

Schlumberger Limited (NYSE:SLB) is among the price losers in the sector as its stock price is $56.73, down $1.27 (-1.7%) from the previous close of $57.72. Schlumberger is a global oilfield services company. Through its subsidiaries it supplies technology, integrated project management, and information solutions to consumers in the oil and gas industry.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $30.38 (-33.7%) from $90.11 to $59.73. The stock price saw one of its best stretches over the last year between October 19, 2010 and November 4, 2010 when shares rose for 13 straight trading days, rising 20.1% (+$12.52). It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine straight trading days, falling 14.7% (-$13.86).

Shares of Anadarko Petroleum Corporation (NYSE:APC) are trading at $59.72, down $1.12 (-1.3%) from the previous close of $60.53. Anadarko Petroleum is engaged in the exploration and production of oil and natural gas.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $17.07 (-21.3%) from $80.12 to $63.05. 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).

Cimarex Energy Co. (NYSE:XEC) is among the price losers in the sector. Its shares are trading at $52.75, which is $1.05 (-1.2%) below the previous close of $53.37. Cimarex Energy is an independent oil and gas exploration and production company.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $32.74 (-37%) from $88.44 to $55.70. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 6, 2011 when shares rose for eight straight trading days, rising 8.4% (+$7.03). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 30.5% (-$27.85).

Questar Corporation (NYSE:STR) is one of the sector losers in price. Its shares are trading at $16.97, down 48 cents (-2.7%) from the previous close of $17.43. Questar is a natural gas-focused energy company with five major lines of business: gas and oil exploration and production; midstream field services; energy marketing; interstate gas transportation; and retail gas distribution.

Stock Price Performance: From September 27, 2011, to October 3, 2011, the stock price had dropped 72 cents (-4%) from $18.15 to $17.43. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine straight trading days, rising 4.7% (+77 cents). It saw one of its worst periods between December 7, 2010 and December 15, 2010 when shares fell for seven straight trading days, falling 4.4% (-77 cents).

 

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