Energy Stocks Investors are Dumping This Afternoon: CVE, BTU, HP, ACI, RES

Through most of the trading day on Friday, September 16, 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.

Cenovus Energy, Inc. (NYSE:CVE) is among the price losers in the sector. Its shares are trading at $33.78, which is 83 cents (-2.4%) below the previous close of $34.60. Cenovus Energy Inc operates in oil projects and natural gas and crude oil production in Alberta and Saskatchewan. It also has oil projects in Foster Creek, Christina Lake and Pelican Lake in northeast Alberta, and Weyburn in Saskatchewan.

Stock Price Performance: From July 19, 2011, to September 14, 2011, the stock price had fallen $5.79 (-14.8%) from $39.05 to $33.26. The stock price saw one of its best stretches over the last year between December 17, 2010 and December 29, 2010 when shares rose for eight straight trading days, rising 7.1% (+$2.16). It saw one of its worst periods between October 13, 2010 and October 22, 2010 when shares fell for eight straight trading days, falling 6.1% (-$1.78).

Peabody Energy Corporation (NYSE:BTU) is one of the sector losers in price. Its shares are trading at $46.25, down $1.17 (-2.4%) from the previous close of $47.38. Peabody Energy Corporation mines steam coal for sale mainly to electric utilities and metallurgical coal for sale to industrial customers.

Stock Price Performance: From July 20, 2011, to September 15, 2011, the stock price had fallen $13.51 (-22.2%) from $60.89 to $47.38. The stock price saw one of its best stretches over the last year between August 22, 2011 and August 31, 2011 when shares rose for eight straight trading days, rising 17.2% (+$7.16). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 26.9% (-$15.42).

Helmerich & Payne Inc. (NYSE:HP) is among the price losers in the sector as its stock price is $52.94, down $1.31 (-2.2%) from the previous close of $54.13. Helmerich & Payne Inc. provides drilling rigs, personnel, equipment, and camps on a contract basis to explore for and develop oil and gas in the U.S. and abroad.

Stock Price Performance: From July 20, 2011, to September 15, 2011, the stock price had fallen $16.97 (-23.9%) from $71.10 to $54.13. 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 12.1% (+$6.19). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 28.5% (-$20.43).

Arch Coal Inc (NYSE:ACI) is one of the sector losers in price. Its shares are trading at $19.77, down 61 cents (-2.8%) from the previous close of $20.34. Arch Coal, Inc. is a coal producer in the United States, which sells coal to power plants, steel mills and industrial facilities.

Stock Price Performance: From July 20, 2011, to September 15, 2011, the stock price had fallen $7.50 (-26.9%) from $27.84 to $20.34. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 8, 2010 when shares rose for seven straight trading days, rising 20.4% (+$4.94). It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10 straight trading days, falling 25.7% (-$7.32).

Shares of Rpc Inc. (NYSE:RES) are trading at $21.80, down 63 cents (-2.7%) from the previous close of $22.41. RPC Inc. provides a range of specialized oilfield services and equipment mainly to independent and oil and gas companies engaged in the exploration, production and development of oil and gas properties.

Stock Price Performance: From July 20, 2011, to September 15, 2011, the stock price had fallen $3.70 (-14.2%) from $26.11 to $22.41. 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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