Following are the major movers in the oil & gas sector over the past trading sessions. Keep an eye on these stocks as momentum is strong.
Continental Resources, Inc. (NYSE:CLR) stock has seen solid buying interest over the past month with a gain of over 40% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 230% so far this year. CLR stock ended higher by 0.82% to $53.87 with more than 1.62 million shares exchanged hands, below its average volume of 1.472 million shares. The stock made a new 52-week high of $55.48 in the previous trading session.
Transocean Ltd. (NYSE:RIG) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 14% over the past one month. Moreover, the stock has soared 72% so far this year. Transocean Ltd. announced today that it has committed to reducing operating Scope 1 and Scope 2 greenhouse gas emissions intensity by 40% from 2019 levels by 2030.
SandRidge Energy Inc. (NYSE:SD) stock saw a bit of pullback in Monday’s trading session. SD stock ended lower by 7.25% to $12.66 with more than 818k shares exchanged hands, below its average volume of 842K shares. The stock has moved up about 23% in the past one month. The stock is trading above 711% from its 52-week low and 14% away from its 52-week high.
W&T Offshore, Inc. (NYSE:WTI) stock is showing a very bullish move over the past few trading session as the stock jumped to a new 52-week high. In fact the stock has increased by 41% over the past month. The stock is trading above 425% from its 52-week low and 2% away from its 52-week high.
Southwestern Energy Company. (NYSE:SWN) stock is in bullish zone considering the stock jumped to multi-month high this week. The stock has moved up about 146% in the past year. The stock is trading above 230% from its 52-week low and just 13% away from its 52-week high.
Allied Energy Corp. (OTCMKTS: AGYP): On a more speculative note, (OTCMKTS: AGYP) deserve a look from oil and gas investors as they have recently announced signing a new lease and also 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 .35 off 5% on the day and may bounce here.
