NASDAQ Oil & Gas Drilling Report: PTEN, USEG, FLMN, VNOM, GIFI

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.

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Allied Energy Corp. (OTCMKTS:AGYP) AGYP deserves a look from oil and gas investors, as they recently announced signing a new lease and also struck oil on their leased well sites in Texas. Global energy prices are at 7 year highs. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit. AGYP recently issued news that they have achieved production on the #1, #2, and #5 wells of the Gilmer Lease in Texas. AGYP announced they are also making progress on the Prometheus lease.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) stock has seen buying interest over the past few months with a fall of over 19% over the past quarter and leading the top spot in the oil & gas sector. Moreover, the stock has soared 70% so far this year. On Monday, PTEN stock was up 2.17% to $8.94 with more than 1.38 million shares exchanged hands, above its average volume of 3.23 million shares. 

U.S. Energy Corp. (NASDAQ:USEG) is another stock in the energy sector which has been showing consistent fall. The stock has moved down 9% over the past one month. However, the stock has jumped 3% so far this year. The stock is trading above 11% from its 52-week low and 54% away from its 52-week high.

Falcon Minerals Corporation (NASDAQ:FLMN) stock continued to trend higher in Monday’s trading session. ERF stock ended higher by 6.41% to $4.98 with more than 618k shares exchanged hands, below its average volume of 696k shares. The stock is trading above 66% from its 52-week low and 24% away  from its 52-week high.

Viper Energy Partners LP (NASDAQ:VNOM) is another stock in the energy sector which has been showing consistent rise. The stock moved up 5.16% on Monday on higher than average volume. Moreover, the stock has soared 88% over the past year. The stock is trading above 96% from its 52-week low and 12% away  from its 52-week high.

Gulf Island Fabrication Inc. (NASDAQ:GIFI) is another stock in the energy sector which has been showing consistent rise. The stock has moved down 5% over the past one month. Moreover, the stock has jumped 28% so far this year. The stock is trading above 30% from its 52-week low and 25% away  from its 52-week high.