Stock Prices Climbing For These Stocks in the Energy Sector

Through morning trading on Tuesday, August 23, 2011, these stocks are helping the Energy (NYSE:XLE) sector today. 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 one of the top price gainers today. Its stock price is $74.24, which is $1.75 (+2.4%) above the previous close of $72.49. Schlumberger Limited 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: During July 22, 2011 to August 19, 2011, the stock price had dropped $20.69 (-22.1%) from $93.81 to $73.12. 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 days, rising 20% (+$12.55) over that span. It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine-straight days, falling 14.7% (-$13.91) over that span.

Shares of Cenovus Energy, Inc. (NYSE:CVE) are trading at $33.86, up 82 cents (+2.5%) from a previous close of $33.05. 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: During July 22, 2011 to August 19, 2011, the stock price had dropped $7.70 (-19.1%) from $40.21 to $32.51. 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 days, rising 7.1% (+$2.17) over that span. It saw one of its worst periods between October 13, 2010 and October 22, 2010 when shares fell for eight-straight days, falling 6.1% (-$1.80) over that span.

Murphy Oil Corporation (NYSE:MUR) is one of the top price gainers today. Its stock price is $48.92, which is $1.06 (+2.2%) above the previous close of $47.86. Murphy Oil Corporation is an oil and gas exploration and production company with refining and marketing operations in the U.S. and the United Kingdom.

Stock Price Performance: During July 25, 2011 to August 22, 2011, the stock price had dropped $21.27 (-30.8%) from $69.13 to $47.86. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 5, 2011 when shares rose for six-straight days, rising 6.6% (+$4.10) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 21.4% (-$13.66) over that span.

Holly Corporation (NYSE:HOC) is among the top price gainers in the sector today. Its shares are trading at $64.47, up $1.56 (+2.5%) from a previous close of $62.91. 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: During 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 days, rising 30.7% (+$12.98) over that span. It saw one of its worst periods between April 5, 2011 and April 12, 2011 when shares fell for six-straight days, falling 10.6% (-$6.86) over that span.

Shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) are trading at $21.92, up 49 cents (+2.3%) from a previous close of $21.43. Patterson-UTI Energy, Inc. is a provider of contract services to the North American oil and natural gas industry.

Stock Price Performance: During July 22, 2011 to August 19, 2011, the stock price had dropped $11.39 (-33.8%) from $33.73 to $22.34. The stock price saw one of its best stretches over the last year between January 24, 2011 and February 7, 2011 when shares rose for 11-straight days, rising 27.9% (+$5.67) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 28.5% (-$9.36) over that span.

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