Energy Stocks Getting Drop Kicked This Afternoon: SLB, HAL, EOG, ESV, CNX

Through most of the trading day on Wednesday, September 28, 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.

Schlumberger Limited (NYSE:SLB) is among the price losers in the sector as its stock price is $62.09, down $1.53 (-2.1%) from the previous close of $63.42. 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 August 1, 2011, to September 27, 2011, the stock price had fallen $26.50 (-29.5%) from $89.92 to $63.42. 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).

Halliburton Company (NYSE:HAL) is among the price losers in the sector. Its shares are trading at $33.79, which is 84 cents (-1.9%) below the previous close of $34.46. Halliburton provides oilfield technologies and services to upstream oil and gas customers worldwide.

Stock Price Performance: From August 1, 2011, to September 27, 2011, the stock price had fallen $19.86 (-36.6%) from $54.32 to $34.46. The stock price saw one of its best stretches over the last year between April 12, 2011 and April 26, 2011 when shares rose for 10 straight trading days, rising 12.4% (+$5.60). It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven straight trading days, falling 21.2% (-$8.52).

EOG Resources, Inc. (NYSE:EOG) stocks are trading at $77.02. This is $1.76 (-2%) below the previous close of $78.61, making the company one of the biggest price losers in the sector today. EOG Resources develops and produces natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad, Tobago, and the United Kingdom.

Stock Price Performance: From July 1, 2011, to September 27, 2011, the stock price had fallen $24.30 (-23.6%) from $102.91 to $78.61. The stock price saw one of its best stretches over the last year between March 18, 2011 and March 29, 2011 when shares rose for eight straight trading days, rising 10.9% (+$11.70). It saw one of its worst periods between July 26, 2011 and August 4, 2011 when shares fell for eight straight trading days, falling 13.5% (-$14.44).

Shares of Ensco plc (NYSE:ESV) are trading at $43.36, down $1.33 (-2.7%) from the previous close of $44.56. Ensco provides of offshore contract drilling services to the international oil and gas industry.

Stock Price Performance: From August 1, 2011, to September 27, 2011, the stock price had fallen $8.42 (-15.9%) from $52.98 to $44.56. 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).

CONSOL Energy Inc. (NYSE:CNX) is one of the sector losers in price. Its shares are trading at $36.66, down $1.42 (-3.4%) from the previous close of $37.94. Consol Energy 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 August 1, 2011, to September 27, 2011, the stock price had fallen $14.02 (-27%) from $51.96 to $37.94. 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 September 15, 2011 and September 23, 2011 when shares fell for seven straight trading days, falling 21.1% (-$9.11).

 

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