The S&P 500 lost 0.7% while the Energy sector (XLE) showed little movement during trading today.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, XLE was up 4.9% over the last thirty trading days. The S&P 500, in comparison, went up 1.2%.
Increasing 12.3% (+$2.03) to close at $18.49, W&T Offshore (WTI) was a major gainer in the sector. Today, 2.1 million shares traded hands. The stock traded in a range of $17.14 to $19.29. Shares are up over the last two months, having risen $3.60 (24.2%) from a price of $14.89 on June 1, 2012.
Comstock Resources (CRK) was a major loser in the sector, falling 9% (-$1.60) to close at $16.18 with 4.4 million shares moving. The stock traded between $15.94 and $17.93. Shares have shown some positive movement over the last two months as the price has climbed $2.53 (18.5%) from a price of $13.65 on June 1, 2012.
Superior Energy Services (SPN) fell 7% to close at $21.67, crossing its 50-day moving average of $20.55. Meanwhile, Enbridge Energy Management L.L.C (EEQ) climbed 3.3% to close at $31.95, moving past its 200-day moving average of $31.84.
PetroChina Company (PTR) rose 1.2% to close at $124.94, approaching its 50-day moving average of $126.18. It has also moved closer to its 200-day moving average of $135.22. Energy XXI (BRS) fell 4.6% to close at $31.18, moving closer to its 50-day moving average of $30.57. Also, the stock moved closer to its 200-day moving average of $44.96.
Holly Energy Partners L.P (HEP) hit a new 52-week high today, reaching $66.69 to top the previous high of $64.94.
CARBO Ceramics (CRR) hit a new 52-week low today, hitting $63.10 to fall below the previous low of $64.83.