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.
Nano-Cap Stocks Watchlist
Allied Energy Corp. (OTCMKTS:AGYP) is one of the most promising speculative oil & gas plays the market has witnessed in years. At the start of 2021 they were a just another dev. stage exploration company with several leases and a dream. One short year later the company has confirmed and started extracting what will amount to potentially $2 million dollars worth of oil at just one of their many Permian Basin-based projects . With 5 other well sites closing in on production, including one that produced and sold 500+ barrels of oil to close Q4, AGYP has laid the foundation for what looks to be a monumental year for the company. Investors should start their research on AGYP today.
U.S. Well Services Inc. (NASDAQ:USWS) stock has seen selling interest over the past few months with a fall of over 56% over the past quarter and leading the top spot in the oil & gas sector. However, the stock has soared 11% in the past week. On Monday, USWS stock was up 10% to $1.10 with more than 359K shares exchanged hands, above its average volume of 662k shares. Last month, the company had entered into a contract to provide electric pressure pumping services for the operating subsidiaries of Callon Petroleum Company (NYSE: CPE) in the Permian Basin and the Eagle Ford Shale for up to three years.
Mammoth Energy Services Inc. (NASDAQ:TUSK) is another stock in the energy sector which has been showing consistent fall. The stock has moved down 50% over the past one quarter. Moreover, the stock has slumped 58% over the past year. The stock is trading above 16% from its 52-week low and 76% away from its 52-week high. Mammoth Energy Services, Inc. operates as an oilfield service company. The company operates in four segments: Infrastructure Services, Well Completion Services, Natural Sand Proppant Services, and Drilling Services.
Southwestern Energy Company (NASDAQ:SWN) stock continued to trend higher in Monday’s trading session. SWN stock ended higher by 2.10% to $4.40 with more than 15.75 million shares exchanged hands, above its average volume of 24.26 million shares. The stock is trading above 18% from its 52-week low and 16% away from its 52-week high. Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is another stock in the energy sector which has been showing consistent rise. The stock moved down 1.1% on Monday on higher than average volume. Moreover, the stock has soared 57% over the past year. The stock is trading above 67% from its 52-week low and 12% away from its 52-week high. The company reported that for the month of December 2021, the Company had an average of 110 drilling rigs operating in the United States. For the three months ended December 31, 2021, the Company had an average of 106 drilling rigs operating in the United States.
Average drilling rigs operating reported in the Company’s monthly announcements represent the average number of the Company’s drilling rigs that were earning revenue under a drilling contract in the United States.