Published April 17, 2012
The Energy sector (XLE) showed little change during trading today while the S&P 500 rose 1.5%.
Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. At the start of trading today, XLE was down 7.3% over the last thirty trading days while the S&P 500 was down 0.9%. The ETF is trading at 96% of its 50-day moving average and 98.4% of its 200-day moving average.
Geokinetics (GOK) was a major loser in the sector, falling 10.6% (-17 cents) to close at $1.43 with 193,819 shares moving. The stock traded between $1.42 and $1.55. The stock has been on a downward trajectory over the last two months, dipping 76 cents (-34.7%) from a price of $2.19 on February 16, 2012.
Isramco (ISRL) rose 10.7% to close at $91.02, cross its 50-day moving average of $83.29 and 200-day moving average of $80.34.
Newfield Exploration (NFX) rose 4.5% to close at $33.78, approaching its 50-day moving average of $35.13. It has also moved closer to its 200-day moving average of $39.31. Calumet Specialty Products Partners L.P (PVR) fell 0.7% to close at $25.86, moving closer to its 50-day moving average of $25.46. Also, the stock moved closer to its 200-day moving average of $25.11.
Laredo Petroleum Holdings (LPI) was a significant gainer in the sector, rising 6.7%. The stock closed at $25.34 with 340,399 shares moving. The stock traded in a range of $23.86 to $25.51.
IHS (IHS) hit a new 52-week high today, reaching $99.08 to top the previous high of $98.50.