Energy Sector Wrap

Published May 04, 2012

| FOXBusiness

During trading today, the Energy sector (XLE) showed little change while the S&P 500 fell 1.6%.

While being down today, the ETF, as a proxy for sector performance, 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 while the S&P 500 was down 2%.

Equal Energy (EQU) was a significant gainer in the sector, rising 9.5%. The stock closed at $3.33 with 663,437 shares moving. The stock traded in a range of $3.04 to $3.48. Over the last three months, the stock has lost 81 cents (-19.6%) from a price of $4.14 on February 7, 2012.

Apco Oil & Gas International (APAGF) was a major loser in the sector, falling 8.8% (-$3.04) to close at $31.67 with 27,541 shares moving. The stock traded in a range of $31.66 to $34.77.

Southwestern Energy (SWN) fell 7.2% to close at $28.73, crossing its 50-day moving average of $30.43. Meanwhile, Dorchester Minerals (DMLP) climbed 1.3% to close at $23.91, moving past its 200-day moving average of $23.83.

Abraxas Petroleum (AXAS) rose 3.2% to close at $2.90, approaching its 50-day moving average of $3.09. It has also moved closer to its 200-day moving average of $3.42. Ecopetrol (NE) fell 4.2% to close at $63.66, moving closer to its 50-day moving average of $62.17. Also, the stock moved closer to its 200-day moving average of $35.84.

Targa Resources Partners (NGLS) hit a new 52-week high today, reaching $45.42 to top the previous high of $44.93.

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