Oil prices have been climbing and oil and gas stocks have been on the move the last week. These stocks should be in your watchlist as some experts expect oil to hit 90 or even higher.
APA Corporation (NASDAQ:APA) stock has been witnessing major buying activities over the past month with a jump of over 13% and leading among the top ten stock gainers in the oil & gas sector. Moreover, the stock has soared 57% so far this year. Recently, the company announced results from appraisal drilling at Keskesi South-1 on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies, the operator, holding a 50% working interest.
Primeenergy Resources Corp (NASDAQ:PNRG) is another stock in the energy sector which has been showing consistent rise. The stock has surged 10% over the past one week. Moreover, the stock has soared 46% so far this year. PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States.
Martin Midstream Partners L.P. (NASDAQ:MMLP) stock continued to trend higher on Tuesday’s trading session. MMLP stock ended lower by 1% to $3.38 with more than 79k shares exchanged hands, compared to its average volume of 143K shares. The stock has moved up about 4% in the past one week. The stock is trading above 177% from its 52-week low and 8% away from its 52-week high.
Chesapeake Energy (NASDAQ:CHK) stock is in bullish zone considering the stock jumped to multi-month high this week. The stock has moved up about 8% in the past week. The stock is trading above 67% from its 52-week low and just 1% away from its 52-week high.
On a more speculative note, Allied Energy Corp. (OTCMKTS: AGYP) deserve a look from oil and gas investors as they have struck oil on their leased well sites located in Texas. Global energy prices are at 3 year highs. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit. AGYP finished Monday at .3315 up 10% on the day. AGYP hit a high of .40 during the trading session and many investors are talking about the potential of a short squeeze here.
