NYSE Oil & Gas Exploration: NBR, HP, ERF, RIG, WLL
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.
Nabors Industries Ltd. (NYSE:NBR) stock has seen solid buying interest over the past few months with a gain of over 6% over the past quarter and leading the top spot in the oil & gas sector. However, the stock has soared 52% so far this year. On Wednesday, NBR stock was up 2.54% to $88.39 with more than 123k shares exchanged hands, above its average volume of 143k shares.
Helmerich & Payne Inc. (NYSE:HP) is another stock in the energy sector which has been showing consistent fall. The stock has moved down 27% over the past one month. However, the stock has jumped 2% so far this year. The stock is trading above 12% from its 52-week low and 34% away from its 52-week high.
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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.
Enerplus Corporation (NYSE:ERF) stock continued to trend higher in Wednesday’s trading session. ERF stock ended higher by 1% to $9.73 with more than 3.01 million shares exchanged hands, below its average volume of 2.10 million shares. The stock is trading above 235% from its 52-week low and 11% away from its 52-week high.
Transocean Ltd. (NYSE:RIG) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 1.75% on Wednesday on higher than average volume. Moreover, the stock has soared 18% over the past year. The stock is trading above 38% from its 52-week low and 42% away from its 52-week high.
Whiting Petroleum Corporation (NYSE:WLL) is another stock in the energy sector which has been showing consistent rise. The stock has moved down 8% over the past one month. Moreover, the stock has jumped 156% so far this year. The stock is trading above 224% from its 52-week low and 10% away from its 52-week high.