Halliburton Company and These 4 Stocks are Weighing on the Energy Sector

Through the early part of trading, these stocks are bringing down the Energy (NYSE:XLE) sector. The IEA slashed its forecast for oil demand in 2011 and 2012, just one day after OPEC did the same. 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.

Halliburton Company (NYSE:HAL) is among the price losers in the sector. Its shares are trading at $39.13, which is 47 cents (-1.1%) below the previous close of $39.56. Halliburton Company provides oilfield technologies and services to upstream oil and gas customers worldwide.

Stock Price Performance: From July 14, 2011, to September 9, 2011, the stock price had fallen $12.06 (-23.3%) from $51.72 to $39.66. 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 July 25, 2011 and August 2, 2011 when shares fell for seven straight trading days, falling 8% (-$4.60).

CONSOL Energy Inc. (NYSE:CNX) stocks are trading at $42.68. This is 51 cents (-1.3%) below the previous close of $43.23, making the company one of the biggest price losers in the sector today. Consol Energy, Inc. 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 July 15, 2011, to September 12, 2011, the stock price had fallen $8.98 (-17.2%) from $52.21 to $43.23. 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 July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 30.9% (-$16.54).

Cabot Oil & Gas Corporation (NYSE:COG) is among the price losers in the sector as its stock price is $69.02, down 75 cents (-1%) from the previous close of $69.73. Cabot Oil & Gas Corporation is an independent company engaged in the development, exploitation and exploration of oil and gas properties in North America.

Stock Price Performance: From June 15, 2011, to September 9, 2011, the stock price had risen $11.99 (20.6%) from $58.20 to $70.19. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 11, 2010 when shares rose for 11 straight trading days, rising 24.9% (+$7.01). It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six straight trading days, falling 21.2% (-$15.96).

Holly Corporation (NYSE:HOC) is among the price losers in the sector. Its shares are trading at $33.08, which is $1.59 (-4.6%) below the previous close of $34.67. 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).

EXCO Resources, Inc. (NYSE:XCO) is among the price losers in the sector as its stock price is $12.04, down 8 cents (-0.9%) from the previous close of $12.15. EXCO Resources, Inc. is an independent oil and natural gas company, which is engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties.

Stock Price Performance: From June 15, 2011, to September 9, 2011, the stock price had fallen $6.43 (-34.1%) from $18.88 to $12.45. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 1, 2011 when shares rose for eight straight trading days, rising 2.6% (+52 cents). It saw one of its worst periods between May 25, 2011 and June 6, 2011 when shares fell for eight straight trading days, falling 9% (-$1.81).

 

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