Oil and Gas Services Lead Energy Stocks Higher This Morning

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.

Halliburton Company (NYSE:HAL) is among the sector price gainers, as its shares are trading at $45.14, up $1.72 (+3.9%) from the previous close of $43.43. Investors are bidding up shares on better than expected economic data. Halliburton Company provides oilfield technologies and services to upstream oil and gas customers worldwide.

Stock Price Performance: From August 2, 2011, to August 30, 2011, the stock price had dropped $9.12 (-17.4%) from $52.55 to $43.43. 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 July 25, 2011 and August 2, 2011 when shares fell for seven straight trading days, falling 8% (-$4.60).

Baker Hughes Inc. (NYSE:BHI) is among the top price gainers in the sector. Its shares are trading at $61.55, up $2.04 (+3.4%) from the previous close of $59.52. Investors love are piling into oil services stocks (NYSE:OIH) today. Baker Hughes Inc. 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 5, 2011, to August 30, 2011, the stock price had fallen $14.22 (-19.3%) from $73.74 to $59.52. 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).

Murphy Oil Corporation (NYSE:MUR) is among the sector price gainers, as its shares are trading at $54.06, up $2.52 (+4.9%) from the previous close of $51.54. The company increased its U.S. oil imports 11% year over year. 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 July 5, 2011, to August 30, 2011, the stock price had fallen $14.74 (-22.2%) from $66.28 to $51.54. 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).

Pioneer Natural Resources Company (NYSE:PXD) is among the top price gainers in the sector. Its shares are trading at $79.28, up $2.80 (+3.7%) from the previous close of $76.48. The company announced that James Kenneth (Ken) Thompson has been appointed to its Board of Directors, effective immediately. Mr. Thompson will serve as an independent director under the board’s appointment for a term that expires at Pioneer’s 2014 annual shareholder meeting. Pioneer Natural Resources Co. is an oil and gas exploration and production company operating in the United States, South Africa and Tunisia.

Stock Price Performance: From July 5, 2011, to August 30, 2011, the stock price had fallen $14.51 (-15.9%) from $90.99 to $76.48. 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 12.8% (+$8.85). It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight trading days, falling 11.4% (-$9.16).

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is among the sector price gainers, as its shares are trading at $25.08, up 77 cents (+3.2%) from the previous close of $24.31. Patterson-UTI Energy, Inc. is a provider of contract services to the North American oil and natural gas industry.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $7.47 (-23.4%) from $31.97 to $24.50. 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).

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