Energy Stocks Getting Drop Kicked Now

Through the early part of trading on Tuesday, August 30, 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.

Chevron Corporation (NYSE:CVX) is one of the sector losers in price. Its shares are trading at $97.06, down $1.74 (-1.7%) from the previous close of $98.74. Chevron Corporation provides management and technology support to international subsidiaries that operate petroleum, chemicals, mining, power generation and energy services.

Stock Price Performance: From July 29, 2011, to August 26, 2011, the stock price had dropped $6.34 (-6.1%) from $103.19 to $96.85. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven straight trading days, rising 7.4% (+$7.16). It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight trading days, falling 4.9% (-$5.37).

ConocoPhillips (NYSE:COP) stocks are trading at $66.58. This is $1.30 (-1.8%) below the previous close of $67.78, making the company one of the biggest price losers in the sector today. 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 June 30, 2011, to August 26, 2011, the stock price had fallen $9.02 (-12.1%) from $74.53 to $65.51. 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).

National Oilwell Varco, Inc.  (NYSE:NOV) is among the price losers in the sector as its stock price is $65.14, down $1.65 (-2.2%) from the previous close of $66.59. National Oilwell Varco, Inc. 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 29, 2011, to August 26, 2011, the stock price had dropped $16.84 (-20.9%) from $80.57 to $63.73. 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% (+$10.85). 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% (-$20.99).

Hess Corporation (NYSE:HES) is one of the sector losers in price. Its shares are trading at $57.17, down $1.51 (-2.4%) from the previous close of $58.59. Hess Corporation is a global integrated energy company that explores and refines crude oil and natural gas.

Stock Price Performance: From June 3, 2011, to August 29, 2011, the stock price had fallen $18.27 (-23.8%) from $76.86 to $58.59. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven straight trading days, rising 9.8% (+$6.74). It saw one of its worst periods between April 5, 2011 and April 18, 2011 when shares fell for 10 straight trading days, falling 10.6% (-$9.13).

Diamond Offshore Drilling Inc. (NYSE:DO) stocks are trading at $62.80. This is $1.56 (-2.2%) below the previous close of $64.24, making the company one of the biggest price losers in the sector today. Diamond Offshore Drilling, Inc. offers a range of services worldwide in various oil and gas drilling markets, including the deep water, harsh environment, conventional semisubmersible and jack-up markets.

Stock Price Performance: From June 3, 2011, to August 29, 2011, the stock price had fallen $6.47 (-9.2%) from $70.71 to $64.24. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 10, 2010 when shares rose for nine straight trading days, rising 12% (+$7.67). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 7.1% (-$5.14).