Halliburton Leads Stocks in the Energy Sector Climbing: HAL, NOV, BHI, COG, OII

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.

Shares of Halliburton Company (NYSE:HAL) are trading at $33.78, up $1.41 (+4.3%) from the previous close of $32.38. Halliburton provides oilfield technologies and services to upstream oil and gas customers worldwide.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $21.87 (-41.8%) from $52.38 to $30.51. 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).

National Oilwell Varco Inc. (NYSE:NOV) is among the sector price gainers, as its shares are trading at $58.41, up $3.30 (+6%) from the previous close of $55.11. National Oilwell Varco provides equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $24.38 (-31.6%) from $77.16 to $52.78. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine straight trading days, rising 15.5% (+$10.83). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 25.8% (-$20.95).

Baker Hughes Inc. (NYSE:BHI) is among the top price gainers in the sector. Its shares are trading at $50.09, up $1.28 (+2.6%) from the previous close of $48.81. Baker Hughes provides products and services for the drilling and evaluation of oil and gas wells as well as fluids and chemicals and reservoir technology.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $27.54 (-37.8%) from $72.77 to $45.23. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine straight trading days, rising 12.1% (+$8.09). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 26.2% (-$20.43).

Cabot Oil & Gas Corporation (NYSE:COG) is among the sector price gainers, as its shares are trading at $66.17, up $1.86 (+2.9%) from the previous close of $64.31. Cabot Oil & Gas is an independent company engaged in the development, exploitation, and exploration of oil and gas properties in North America.

Stock Price Performance: From September 6, 2011, to October 4, 2011, the stock price had dropped $13.92 (-18.5%) from $75.10 to $61.18. 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).

Oceaneering International Inc. (NYSE:OII) is among the top price gainers in the sector. Its shares are trading at $36.38, up 93 cents (+2.6%) from the previous close of $35.45. Oceaneering International is an oilfield provider of engineered services and products mainly to the offshore oil and gas industry, with a focus on deepwater applications.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $7.04 (-16.6%) from $42.49 to $35.45. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 11, 2010 when shares rose for 10 straight trading days, rising 15.5% (+$4.78). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 24.8% (-$10.87).

 

More from The Cheat Sheet