Published June 05, 2012
While the S&P 500 grew 0.8%, the Energy sector (XLE) showed little movement during trading today.
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. Entering today's trading, XLE was down 8.5% over the last thirty trading days while the S&P 500 was down 5.8%.
Patriot Coal Corporation (PCX) was one of the sector's big losers, as its price dropped 14% (-31 cents) to close at $1.90. Seven million shares of the stock moved. The stock traded in a range of $1.86 to $2.28.
Isramco (ISRL) was a significant gainer in the sector, rising 11%. The stock closed at $85.85 with 1,538 shares moving. The stock traded in a range of $74.00 to $90. Share price is up, having risen 86 cents (1%) from $86.71 on May 4, 2012. Similarly, Atlas Resource Partners L.P (ARP) gained today, increasing $1.41 (+6%) to close at $24.99.
EnCana Corporation (ECA) rose 6.7% to close at $20.22, cross its 50-day moving average of $19.97 and 200-day moving average of $19.70. Natural Gas Services Group (NGS) declined 3.1% to close at $13.31, moving below its 50-day moving average of $13.28 and 200-day moving average of $13.57.
Sandridge Mississippian Trust I (SDT) rose 5.3% to close at $27.29, approaching its 50-day moving average of $28.75. It has also moved closer to its 200-day moving average of $29.97. SemGroup (SEMG) fell 0.8% to close at $29.06, moving down to 2.6% above its 200-day moving average of $28.31.
ZaZa Energy (ZAZA) hit a new 52-week low today, hitting $2.77 to fall below the previous low of $2.82.