Targa Resources

Energy Sector Wrap

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 week. Entering today's trading, XLE was down 6.1% over the last seven trading days while the S&P 500 climbed -3%.Matrix Service (NASDAQ:MTRX) was a major loser in the sector, falling 12.8% (-$1.63) to close at $11.11 with 508,467 shares moving. The stock traded between $10.23 and $11.75. The stock has seen some negative movement recently as shares are down $2.55 (-18.7%) from a price of $13.66 on May 1, 2012.Increasing 9.2% (+65 cents) to close at $7.73, EXCO Resources (NYSE:XCO) was a major gainer in the sector. Today, 12.7 million shares traded hands. The stock traded in a range of $7.12 to $7.77. Shares have been on on the rise over the past month, climbing $1.50 (24.1%) from a price of $6.23 on April 9, 2012.AmeriGas Partners L.P (NYSE:APU) fell 2.8% to close at $39.52, crossing its 50-day moving a...

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