Energy Sector Wrap

Published August 02, 2012

| FOXBusiness

The Energy sector (XLE) showed little movement on a trading day that saw S&P 500 fall 0.7%.

Tesoro (TSO) was a significant gainer in the sector, rising 14.3%. The stock closed at $31.79 with 12.8 million shares moving. The stock traded in a range of $28.75 to $31.95.

World Fuel Services Corporation (INT) was a major loser in the sector. Its price dropped 13.4% (-$5.45) to close at $35.33, as 3.1 million shares moved. The stock traded in a range of $34.02 to $38.09. The stock has been going in a negative direction over the last month, dropping $3.70 (-9.5%) from a price of $39.03 on July 3, 2012.

Stone Energy Corporation (SGY) fell 13.2% to close at $22.87, crossing its 50-day moving average of $25.16. Meanwhile, Petroquest Energy (PQ) climbed 5% to close at $5.69, moving past its 200-day moving average of $5.62.

Apco Oil & Gas International (APAGF) rose 12.5% to close at $18.94, approaching its 50-day moving average of $18.95. It has also moved closer to its 200-day moving average of $42.90. W&T Offshore (RRC) fell 10.2% to close at $15.79, moving closer to its 50-day moving average of $15.55. Also, the stock moved closer to its 200-day moving average of $60.96.

SM Energy (SM) hit a new 52-week low today, hitting $39.44 to fall below the previous low of $43.12.

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http://www.foxbusiness.com/markets/2012/08/02/energy-sector-wrap/