The Energy sector (XLE) held steady during a trading day that saw the S&P 500 grow 0.1%.
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Double Eagle Petroleum (DBLE) was a significant gainer in the sector, rising 8.9%. The stock closed at $4.16 with 132,997 shares moving. The stock traded in a range of $3.81 to $4.46. The stock has seen some positive movement recently as shares are up 26 cents (6.7%) from a price of $3.90 on August 22, 2012.
Permian Basin Royalty (PBT) was one of the sector's big losers, as its price dropped 8.2% (-$1.38) to close at $15.51. 1.1 million shares of the stock moved. The stock traded in a range of $15.47 to $16.99. The stock has been going in a negative direction over the last month, dropping $2.73 (-15%) from a price of $18.24 on July 31, 2012.
PowerSecure International (POWR) rose 4.7% to close at $4.72, cross its 50-day moving average of $4.63 and 200-day moving average of $5.04. Goodrich Petroleum Corporation (GDP) declined 6.5% to close at $13.02, moving below its 50-day moving average of $12.87 and 200-day moving average of $14.59.
Plains Exploration & Production Company (PXP) fell 2.2% to close at $40, moving down to 1.9% above its 200-day moving average of $39.25.