During trading today, both the Energy sector (XLE) and the S&P500 showed little movement.
Although it went in the opposite direction of the market today, the ETF tracked farther from the overall market today than over the past month. Entering today's trading, XLE was down 1.9% over the last thirty trading days while the S&P 500 was down 1.1%.
Endeavour International Corporation (END) declined 23.8% to close at $9.77, moving below its 50-day moving average of $12.06 and 200-day moving average of $10.18.
Buckeye Partners L.P (BPL) rose 1.7% to close at $57.93, approaching its 50-day moving average of $58.90. It has also moved closer to its 200-day moving average of $61.69. Southwestern Energy (CVE) fell 4% to close at $31.15, moving closer to its 50-day moving average of $30.47. Also, the stock moved closer to its 200-day moving average of $35.05.
Chesapeake Energy (CHK) was one of the sector's big losers, as its price dropped 14.6% (-$2.86) to close at $16.74. 145.4 million shares of the stock moved. The stock traded in a range of $16.72 to $18.10. Shares are down over the last two months as the price has dropped $7.49 (-30.9%) from a price of $24.23 on March 5, 2012.
Increasing 5% (+26 cents) to close at $5.49, Parker Drilling Company (PKD) was a major gainer in the sector. Today, 1.4 million shares traded hands. The stock traded in a range of $5.26 to $5.52. Over the last three months, the stock has lost $1.09 (-16.6%) from a price of $6.58 on February 3, 2012.
Core Laboratories N.V (CLB) hit a new 52-week high today, reaching $142.42 to top the previous high of $140.43.