Published May 08, 2012
During trading today, both the Energy sector (XLE) and the S&P500 showed little movement.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Entering today's trading, XLE was down 6.1% over the last seven trading days while the S&P 500 climbed -3%.
Matrix Service (MTRX) was a major loser in the sector, falling 12.8% (-$1.63) to close at $11.11 with 508,467 shares moving. The stock traded between $10.23 and $11.75. The stock has seen some negative movement recently as shares are down $2.55 (-18.7%) from a price of $13.66 on May 1, 2012.
Increasing 9.2% (+65 cents) to close at $7.73, EXCO Resources (XCO) was a major gainer in the sector. Today, 12.7 million shares traded hands. The stock traded in a range of $7.12 to $7.77. Shares have been on on the rise over the past month, climbing $1.50 (24.1%) from a price of $6.23 on April 9, 2012.
AmeriGas Partners L.P (APU) fell 2.8% to close at $39.52, crossing its 50-day moving average of $40.21. Meanwhile, Carrizo Oil & Gas (CRZO) climbed 5.1% to close at $28.09, moving past its 200-day moving average of $26.92.
Goodrich Petroleum Corporation (GDP) rose 5.9% to close at $15.35, approaching its 50-day moving average of $16.67. It has also moved closer to its 200-day moving average of $16.14. Targa Resources Partners (ISRL) fell 2.4% to close at $43.66, moving closer to its 50-day moving average of $42.54. Also, the stock moved closer to its 200-day moving average of $82.60.