The Energy sector (XLE) held steady during a trading day that saw the S&P 500 grow 1.8%.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLE was up 9.7% over the last thirty trading days while the S&P 500 climbed 4.1%.
Increasing 7.2% (+$2.11) to close at $31.41, Panhandle Oil and Gas (PHX) was a major gainer in the sector. Today, 12,528 shares traded hands. The stock traded in a range of $29.16 to $31.58. The stock has been on an upward trajectory over the last two months, rising $5.99 (23.6%) from a price of $25.42 on May 30, 2012.
Petrobras Argentina SA ADR (PZE) fell 3.7% to close at $8.29, crossing its 50-day moving average of $8.04. Meanwhile, Alliance Holdings GP L.P (AHGP) climbed 4.6% to close at $45.17, moving past its 200-day moving average of $45.13.
PetroChina Company (PTR) rose 1.3% to close at $124.84, approaching its 50-day moving average of $126.46. It has also moved closer to its 200-day moving average of $135.43. Helmerich & Payne (HP) rose 6.2% to close at $48.59, getting closer to its 200-day moving average or $50.79.
Suburban Propane Partners L.P (SPH) was a major loser in the sector, falling 4.5% (-$1.95) to close at $41.66 with 195,830 shares moving. The stock traded in a range of $41.44 to $42.90. Shares have shown some positive movement over the last two months as the price has climbed $4.68 (12.7%) from a price of $36.98 on May 30, 2012.
IHS (IHS) hit a new 52-week high today, reaching $111.55 to top the previous high of $109.29.
CARBO Ceramics (CRR) hit a new 52-week low today, hitting $64.83 to fall below the previous low of $67.98.