ConocoPhillips Leads Energy Stocks Getting Drop Kicked This Afternoon: COP, HP, PTEN

Through most of the trading day on Thursday, October 6, 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.

ConocoPhillips (NYSE:COP) is among the price losers in the sector as its stock price is $63.63, down 30 cents (-0.5%) from the previous close of $63.93. An international energy company, ConocoPhillips operates under six segments: exploration and production, midstream, refining and marketing, LUKOIL investment, chemicals, and emerging businesses.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $11.77 (-15.9%) from $74.04 to $62.27. The stock price saw one of its best stretches over the last year between December 17, 2010 and January 3, 2011 when shares rose for 11 straight trading days, rising 4.9% (+$3.10). It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight trading days, falling 5% (-$3.82).

Shares of Helmerich & Payne Inc. (NYSE:HP) are trading at $42.50, down 40 cents (-0.7%) from the previous close of $42.82. Helmerich & Payne 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 11, 2011, to October 4, 2011, the stock price had fallen $26.96 (-40.5%) from $66.62 to $39.66. 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).

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is among the price losers in the sector. Its shares are trading at $17.34, which is 15 cents (-0.8%) below the previous close of $17.48. Patterson-UTI Energy is a provider of contract services to the North American oil and natural gas industry.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $15.03 (-47.6%) from $31.59 to $16.56. 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% (+$5.66). 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% (-$9.34).