Published July 25, 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 month. As trading began today, XLE was up 8.2% over the last thirty trading days, and the S&P 500 climbed 2%.
NGL Energy Partners (NGL) was a significant gainer in the sector, rising 12.6%. The stock closed at $25.20 with 85,908 shares moving. The stock traded in a range of $22.49 to $25.72. Shares have been on on the rise over the past three months, climbing $1.71 (7.3%) from a price of $23.49 on June 25, 2012.
Weatherford International (WFT) was a major loser in the sector. Its price dropped 8.8% (-$1.13) to close at $11.67, as 32.4 million shares moved. The stock traded in a range of $11.51 to $12.29. The stock is down over the last three months, having fallen $2.86 (-19.7%) from $14.53 on April 27, 2012.
Nabors Industries (NBR) fell 4.4% to close at $13.40, crossing its 50-day moving average of $13.65. Meanwhile, RPC (RES) climbed 4.3% to close at $12.74, moving past its 200-day moving average of $12.50.
Dawson Geophysical Company (DWSN) rose 2.8% to close at $22.86, approaching its 50-day moving average of $23.29. It has also moved closer to its 200-day moving average of $29.07. FMC Technologies (FTI) rose 6% to close at $42.68, getting closer to its 200-day moving average or $45.70.
Peabody Energy (BTU) hit a new 52-week low today, hitting $18.93 to fall below the previous low of $20.29.