The Energy sector (XLE) held steady on a trading day that saw S&P 500 drop 0.6%.
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 3.8% over the last thirty trading days while the S&P 500 was down 1.5%.
Double Eagle Petroleum (DBLE) was a significant gainer in the sector, rising 12.7%. The stock closed at $4.25 with 167,043 shares moving. The stock traded in a range of $3.76 to $4.29.
Apco Oil & Gas International (APAGF) was one of the sector's big losers, as its price dropped 8% (-$1.74) to close at $20.02. 25,748 shares of the stock moved. The stock traded in a range of $19.90 to $21.78.
Talisman Energy (TLM) rose 3.2% to close at $11.25, crossing its 50-day moving average of $10.93. Meanwhile, Cabot Oil & Gas Corporation (COG) dropped 4% to close at $32.26, moving below its 200-day moving average or $44.67.
Evolution Petroleum Corporation (EPM) rose 2.1% to close at $7.77, approaching its 50-day moving average of $8.30. It has also moved closer to its 200-day moving average of $8.52.