5 Oil and Gas Stocks Investors are Dumping Now

Through the early part of trading on Tuesday, September 6, 2011, these stocks are bringing down the Energy (NYSE:XLE) sector as Oil prices dropped over 2% on weak economic data from Europe. 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.

Marathon Oil Corporation (NYSE:MRO) is among the price losers in the sector as its stock price is $24.23, down $1.50 (-6%) from the previous close of $25.78. Marathon Oil Corporation is an oil and natural gas exploration and production company with operations in the North America, Africa and Europe.

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $6.71 (-20.7%) from $32.49 to $25.78. The stock price saw one of its best stretches over the last year between January 5, 2011 and January 13, 2011 when shares rose for seven straight trading days, rising 15.1% (+$3.37). It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine straight trading days, falling 22.7% (-$7.34).

Murphy Oil Corporation (NYSE:MUR) is among the price losers in the sector. Its shares are trading at $49.02, which is $3.01 (-5.6%) below the previous close of $51.95. Murphy Oil 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: From June 9, 2011, to September 2, 2011, the stock price had fallen $13.59 (-20.7%) from $65.54 to $51.95. 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 trading days, rising 6.6% (+$4.10). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 21.4% (-$13.66).

Rpc Inc. (NYSE:RES) is one of the sector losers in price. Its shares are trading at $23.15, down $1.52 (-5.9%) from the previous close of $24.59. 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 August 5, 2011, to September 2, 2011, the stock price had risen $5.14 (26.4%) from $19.45 to $24.59. 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).

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is among the price losers in the sector as its stock price is $21.82, down $1.59 (-6.6%) from the previous close of $23.36. Patterson-UTI Energy, Inc. is a provider of contract services to the North American oil and natural gas industry.

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $9.01 (-27.8%) from $32.37 to $23.36. 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 trading days, rising 27.9% (+$5.67). 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% (-$9.36).

Investing Insights: Oil ETFs: The Top 10 Exchange Traded Funds for Your Oil Investing List.

Berry Petroleum Co. (NYSE:BRY) is one of the sector losers in price. Its shares are trading at $42.84, down $2.70 (-5.9%) from the previous close of $45.52. Berry Petroleum Company is an independent energy company engaged in the production, development, acquisition, exploitation of and exploration for, crude oil and natural gas.

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $9.98 (-18%) from $55.50 to $45.52. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 14, 2010 when shares rose for 11 straight trading days, rising 13.1% (+$4.95). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 10.1% (-$5.27).