The Energy sector (XLE) held steady during a trading day that saw the S&P 500 grow 1.4%.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLE was down 3.7% over the last thirty trading days. The S&P 500, in comparison, went up -1.7%.
GeoResources (GEOI) rose 18.7% to close at $36.52, cross its 50-day moving average of $32.39 and 200-day moving average of $29.38.
Rosetta Resources (ROSE) rose 4% to close at $47.61, approaching its 50-day moving average of $49.23. It has also moved closer to its 200-day moving average of $47.65. Sunoco Logistics Partners L.P (NSH) fell 1.2% to close at $39.04, moving closer to its 50-day moving average of $38.38. Also, the stock moved closer to its 200-day moving average of $33.11.
Energen Corporation (EGN) was a major gainer in the sector, rising 7.9% (+$3.69) to close at $50.54 with 1.5 million shares moving. The stock traded in a range of $47.82 to $51.82. Shares price has risen $3.87 (8.3%) from $46.67 on April 18, 2012. Approach Resources (AREX) also gained today, climbing $2.27 (+6.7%) to close at $36.36.
Hess (HES) was one of the sector's big losers, as its price dropped 7% (-$3.86) to close at $51.18. Twenty-one million shares of the stock moved. The stock traded in a range of $50.31 to $56.19. The stock has been on a downward trajectory over the last two months, sliding $15.82 (-23.6%) from a price of $67 on February 27, 2012.
IHS (IHS) hit a new 52-week high today, reaching $102 to top the previous high of $101.26.