Devon (DVN) (RRC) (SFY) (SM) (COG) (DE) EPS Estimates Changed

Devon Energy Co. (NYSE: DVN), Range Resources (NYSE: RRC), Swift Energy (NYSE: SFY), SM Energy (NYSE: SM), Cabot Oil & Gas (NYSE: COG) and Deere & Company (NYSE: DE) had EPS estimates on them adjusted by analysts.

Devon Energy Co. (DVN) had its EPS estimates cut by Jefferies (NYSE:JEF). They have a “Buy” rating and a price target of $94.00 on the company.

Range Resources (RRC) had its EPS estimates cut by Jefferies. They have a “Hold” rating and a price target of $72.00 on the company.

Swift Energy (SFY) had its EPS estimates cut by Jefferies. They have a “Buy” rating and a price target of $35.00 on the company.

SM Energy (SM) had its EPS estimates cut by Jefferies. They have a “Buy” rating and a price target of $108.00 on the company.

Cabot Oil & Gas (COG) had its EPS estimates cut by Jefferies. They have a “Buy” rating and a price target of $93.00 on the company.

Deere & Company (DE) had its EPS estimates raised by Morgan Stanley (NYSE:MS). They have an “Underweight” rating and a price target of $74.00 on the company.

Range Resources (RRC) (STLD) (STT) (SWK) (TJX) (UA) (UNH) Price Targets Changed

Range Resources (NYSE: RRC), Steel Dynamics, Inc. (NASDAQ: STLD), State Street Co. (NYSE: STT), Stanley Black & Decker Inc (NYSE: SWK), TJX Companies Inc (NYSE: TJX), Under Armour, Inc. (NYSE: UA) and UnitedHealth Group Inc. (NYSE: UNH) had price targets on them adjusted by analysts.

Range Resources (RRC) had its price target raised by Stifel Nicolaus from $75.00 to $90.00. They have a “Buy” rating on the company.

Steel Dynamics, Inc. (STLD) had its price target lowered by Jefferies (NYSE:JEF) to $16.00. They have a “Buy” rating on the company.

State Street Co. (STT) had its price target raised by Goldman Sachs (NYSE:GS) to $48.00. They have a “Buy” rating on the company.

Stanley Black & Decker Inc. (SWK) had its price target lowered by Longbow Research from $88.00 to $83.00. They have a “Buy” rating on the company.

TJX Companies Inc. (TJX) had its price target raised by Deutsche Bank (NYSE:DB) to $63.00.

Under Armour, Inc. (UA) had its price target raised by Jefferies to $73.00. They have a “Buy” rating on the company.

UnitedHealth Group Inc. (UNH) had its price target lowered by Bank of America (NYSE:BAC) to $56.00. They have a “Buy” rating on the company.

Range Resources (RRC) (LSI) (POOL) (SB) (SWKS) Price Targets Changed

Range Resources (NYSE: RRC), LSI Co. (NYSE: LSI), Pool Co. (NASDAQ: POOL), Safe Bulkers, Inc. (NYSE: SB) and Skyworks Solutions, Inc. (NASDAQ: SWKS) had their price targets adjusted by analysts.

LSI Co. (LSI) had its price target lowered by Barclays Capital from $8.00 to $6.00. They have an “Equal Weight” rating on the company.

Pool Co. (POOL) had its price target raised by Morgan Keegan to $35.00.

Range Resources (RRC) had its price target raised by Ladenburg Thalmann to $84.00.

Safe Bulkers, Inc. (SB) had its price target raised by Citigroup (NYSE:C) to $6.50.

Skyworks Solutions, Inc. (SWKS) had its price target lowered

by Barclays Capital from $31.00 to $28.00. They have an “Overweight” rating on the company.

Carnival (CCL) (MOV) (PNNT) (RRC) (VGR) (VZ) Declare Dividends

Dividends declared by Carnival Corp. (NYSE:CCL), Movado Group (NYSE:MOV), PennantPark Intv Corp. (NASDAQ:PNNT), Range Resources Corp. (NYSE:RRC), Vector Group LTD (NYSE:VGR) and Verizon Communications (NYSE:VZ).

The Board of Directors of Carnival Corp. (CCL) declared a quarterly common stock dividend of $0.25 per share payable 9/16/11 to shareholders of record at the close of business on 8/26/11.

The Board of Directors of Movado Group (MOV) declared a quarterly common stock dividend of $0.03 per share payable 9/26/11 to shareholders of record at the close of business on 9/12/11.

The Board of Directors of PennantPark Intv Corp. (PNNT) declared a fourth quarter common stock dividend of $0.27 per share payable 10/3/11 to shareholders of record at the close of business on 9/23/11.

The Board of Directors of Range Resources Corp. (RRC) declared a quarterly common stock dividend of $0.04 per share payable 9/30/11 to shareholders of record at the close of business on 9/15/11.

The Board of Directors of Vector Group LTD (VGR) declared a quarterly common stock dividend of $0.40 per share payable 9/29/11 to shareholders of record at the close of business on 9/20/11.

The Board of Directors of Verizon Communications (VZ) declared a quarterly common stock dividend of $0.50 per share payable 11/1/11 to shareholders of record at the close of business on 10/7/11.

Akamai (AKAM) (RRC) (SNCR) (ESI) (AMCC) (LPSN) Get New Coverage

Akamai Technologies (NASDAQ: AKAM), Range Resources (NYSE: RRC), Synchronoss Technologies, Inc. (NASDAQ: SNCR), ITT Educational Services Inc (NYSE: ESI), Applied Micro Circuits Corp (NASDAQ: AMCC) and LivePerson Inc (NASDAQ: LPSN) get new analyst coverage.

Brean Murray initiated coverage on Range Resources (RRC). They placed a “Buy” rating and a price target of $72.00 on the company.

FBR Capital initiated coverage on Synchronoss Technologies, Inc. (SNCR). They placed an “Outperform” rating and a price target of $35.00 on the company.

Wunderlich initiated coverage on ITT Educational Services Inc. (ESI). They placed a “Hold” rating and a price target of $82.00 on the company.

Janney Montgomery Scott initiated coverage on LivePerson Inc. (LPSN). They placed a “Buy” rating on the company.

Janney Montgomery Scott initiated coverage on Akamai Technologies (AKAM). They placed a “Buy” rating on the company.

Wunderlich initiated coverage on Applied Micro Circuits Corp. (AMCC). They placed a “Buy” rating and a price target of $8.00 on the company.

Range Resources (RRC) (NSC) (ODP) (BWLD) (ERTS) (ESV) (DLTR) Upgraded

Range Resources (NYSE: RRC), Norfolk Southern Corp. (NYSE: NSC), Office Depot, Inc. (NYSE: ODP), Buffalo Wild Wings (NASDAQ: BWLD), Electronic Arts Inc (NASDAQ: ERTS), ENSCO PLC (NYSE: ESV) and Dollar Tree Inc (NASDAQ: DLTR) upgraded by analysts.

Range Resources (RRC) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating. They have a price target of $65.00 on the company.

Norfolk Southern Corp. (NSC) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.

Office Depot, Inc. (ODP) was upgraded by Nomura from a “Reduce” rating to a “Neutral” rating.

Buffalo Wild Wings (BWLD) was upgraded by Raymond James (NYSE:RJF) to an “Outperform” rating.

Electronic Arts Inc (ERTS) was upgraded by Brean Murray from a “Hold” rating to a “Buy” rating. They have a price target of $29.00 on the company.

ENSCO PLC (ESV) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $80.00 on the company.

Dollar Tree Inc. (DLTR) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $87.00 on the company.

Patriot Coal (PCX) (JNPR) (ROSE) (RRC) (ECBE) (HTGC) Downgraded

Patriot Coal Corp (NYSE: PCX), Juniper Networks (NASDAQ: JNPR), Rosetta Resources Inc. (NASDAQ: ROSE), Range Resources (NYSE: RRC), ECB Bancorp, Inc. (NASDAQ: ECBE) and Hercules Tech. (NASDAQ: HTGC) downgraded by analysts.

Juniper Networks (JNPR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $26.00 on the company.

Patriot Coal (PCX) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $26.00 on the company, down from $33.00.

Rosetta Resources (ROSE) was downgraded by Susquehanna from a “Positive” rating to a “Neutral” rating.

Range Resources (RRC) was downgraded by Keybanc from a “Buy” rating to a “Hold” rating.

ECB Bancorp (ECBE) was downgraded by Keefe, Bruyette & Woods, Inc from an “Outperform” rating to a “Market Perform” rating.

Hercules Tech. (HTGC) was downgraded by Keefe, Bruyette & Woods, Inc from an “Outperform” rating to a “Market Perform” rating.

Baker Hughes (BHI) (LVS) (PCL) (RRC) (APC) (MAS) EPS Estimates Changed

Baker Hughes (NYSE: BHI), Las Vegas Sands Corp. (NYSE: LVS), Plum Creek Timber Co. (NYSE: PCL), Range Resources (NYSE: RRC), Anadarko Petroleum (NYSE: APC) and Masco Co. (NYSE: MAS) EPS estimates adjusted by analysts.

Goldman Sachs (NYSE:GS) raised its EPS estimate on Baker Hughes (BHI). They have a “Buy” rating and a price target of $106.00 on the company.

Sterne Agee raised its EPS estimates on Las Vegas Sands Corp. (LVS). They have a “buy” rating and a price target of $60.00 on the company.

UBS AG (NYSE:UBS) cut its EPS estimate on Plum Creek Timber Co. (PCL). They have a “Sell” rating and a price target of $36.00 on the company.

UBS AG cut its EPS estimate on Range Resources (RRC). They have a “Neutral” rating and a price target of $65.00 on the company.

UBS AG raised its EPS estimate on Anadarko Petroleum (APC). They have a “Buy” rating and a price target of $100.00 on the company.

UBS AG cut its EPS estimate on Masco Co. (MAS). They have a “Sell” rating and a price target of $8.00 on the company.

Netflix (NFLX) (RRC) (PXP) (NRGY) (NWSA) Price Targets Change

Netflix, Inc. (NASDAQ: NFLX), Range Resources (NYSE: RRC), Plains Exploration & Production Company (NYSE: PXP), Inergy (NASDAQ: NRGY) and News Corp. (NASDAQ: NWSA) had their price targets adjusted by analysts.

Wedbush raised its price target on Netflix, Inc. (NFLX) from $80.00 to $100.00. They have an “underperform” rating on the company.

Morgan Keegan slashed its price target on Inergy (NASDAQ: NRGY) to $40.50.

Wunderlich boosted its price target on News Corp. (NWSA) from $14.00 to $18.00. They have a “buy” rating on the company.

Dahlman Rose raised its price target on Plains Exploration & Production Company (PXP) from $40.00 to $50.00. They have a “buy” rating on the company.

RBC Capital raised its price target on Range Resources (RRC) from $70.00 to $85.00. They have an “outperform” rating on the company.

Netflix closed Tuesday at $287.29, gaining $8.29, or 2.97 percent. Range Resources closed at $63.52, rising $2.52, or 4.13 percent. News Corp. ended the day at $15.79, jumping $0.82, or 5.51 percent. Plains Exploration & Production Company closed at $40.72, climbing $1.51, or 3.85 percent. Inergy closed at $35.28, up $0.13, or 0.37 percent.

Petrohawk (HK) (XCO) (OAS) (RRC) (NOG) Trade Mixed as Energy Falls

Shares of Petrohawk Energy Corp. (NYSE:HK), Exco Resources Inc. (NYSE:XCO), Oasis Petroleum (NYSE:OAS), Range Resources (NYSE:RRC) and Northern Oil and Gas (Amex:NOG) traded mixed on Thursday as oil and gas were down on the day.

Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.

Brent crude oil for July delivery was down 23 cents, or 0.2 percent, to $112.07.

June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.

Linn Energy, LLC (LINE) closed Thursday at $38.35, gaining $0.33, or 0.87 percent. Lufkin Industries, Inc. (LUFK) ended the session at $85.06, up $1.81, or 2.17 percent.

Petrohawk Energy Corp. (HK) closed Thursday at $24.16, falling $0.16, or 0.66 percent. Oasis Petroleum (OAS) closed at $28.77, gaining $0.42, or 1.48 percent.

Rosetta (ROSE) (RRC) (SWN) (TAT) (EPM) Trade Up on Weak U.S. Dollar

Shares of oil companies Rosetta Resources (NASDAQ:ROSE), Range Resources (NYSE:RRC), Southwestern Energy (NYSE:SWN), TransAtlantic Petroleum (AMEX:TAT) and Evolution Petroleum (AMEX:EPM) traded higher Wednesday after a report from the Energy Information Administration saying gas inventory was up less than expected and oil inventory was flat.

Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.

Retail gasoline prices continued to fall, dropping almost 2 cents on Wednesday for a national average of $3.926 a gallon. Gasoline demand continues to fall in wake of high prices at the pump.

Heating oil for June increased 6.08 cents to settle at $2.9059 a gallon and gasoline futures jumped 3.62 cents to settle at $2.9555 a gallon. Natural gas gained 2 cents at $4.266 per 1,000 cubic feet.

Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.

The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in oil prices going up, as well as other commodity prices as well.

The euro traded at $1.4233, strengthening after falling to $1.4193 and up slightly from its $1.4219 close on Tuesday.

Traders bought commodities, including oil, on the weaker greenback.

TransAtlantic Petroleum (TAT) closed Wednesday at $2.21, gaining $0.07, or 3.27 percent.

Shares of (PBR) (HES) (WTI) (OAS) (RRC) Close Up

Petrobras (NYSE:PBR), Hess Corporation (NYSE:HES), W&T Offshore (NYSE:WTI), Oasis Petroleum (NYSE:OAS) and Range Resources (NYSE:RRC) all closed up on Tuesday even as energy prices were falling

Benchmark crude for June delivery dropped 47 cents to settle at $96.91 a barrel on the New York Mercantile Exchange. It fell as low as $95.02 during the trading session.

Natural gas was down 3 percent, falling 13.3 cents to $4.246 per 1,000 cubic feet.

In Nymex trading in June contracts, heating oil fell 2.93 cents to settle at $2.8451 per gallon, gasoline futures were down 1.18 cents to settle at $2.9193 a gallon and natural gas declined 13.3 cents to settle at $4.246 per 1,000 cubic feet.

In London, Brent crude for June delivery was lower by 85 cents to settle at $109.99 on the ICE Futures exchange.

Petrobras (PBR) closed Tuesday at $34.27, gaining $0.65, or 1.93 percent.

Range Resources (RRC) (CXPO) (GEOI) (END) Trade Mixed as Oil Prices Rebounded

Shares of Range Resources (NYSE:RRC), Crimson Exploration (NASDAQ:CXPO), GeoResources (NASDAQ:GEOI) and Endeavour International (NYSE:END) traded mixed even as oil and gas prices closed Friday in positive territory.

On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.

For the week, front-month crude climbed $2.47, or 2.5 percent.

ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.

The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.

NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.

For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.

NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.

Front-month heating oil for last week was up 9.65 cents.

Chesapeake Energy Corp. (CHK) closed Friday at $29.78, dropping $0.70, or 2.30 percent.

Range Resources (RRC) Trades Up as Oil, Gas Rise

Range Resources (NYSE:RRC) traded up Tuesday as crude oil, natural gas and gasoline prices jumped, pushing up the share price of the company.

Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.

Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.

Range Resources participates in the exploration, development, and acquisition of natural gas properties in the United States.

Range Resources (RRC) closed Tuesday at $54.37, rising $0.56, or 1.04 percent.

Kodiak (KOG) (END) (RRC) (SWN) Trade Up as Oil Prices Jump

Most oil and related companies performed strong Monday, as Kodiak Oil & Gas (Amex:KOG), Endeavour International (NYSE:END), Range Resources (NYSE:RRC) and Southwestern Energy (NYSE:SWN) traded up as the price of oil rebounded.

Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.

Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.

Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.

The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.

Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.

Endeavour International (END) closed Monday at $12.34, gaining $0.51, or 4.31 percent.

Shares of (CHK) (GEOI) (RRC) (NOV) (RDS-A) Trade Mixed as Oil Closed Down 15% Last Week

Companies exposed to oil and the industry traded mixed to end the week, as oil prices plummeted 15 percent last week, taking Chesapeake Energy Corp. (NYSE:CHK), GeoResources (NASDAQ:GEOI), Range Resources (NYSE:RRC), National-Oilwell Varco, Inc. (NYSE:NOV) and Shell (NYSE:RDS-A), and others, down with it.

Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.

For the week, the June oil futures contract fell 14.7 percent to $113.93.

Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.

In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.

Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.

According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.

All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.

In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.

Chesapeake Energy Corp. (CHK) closed Friday at $30.95, gaining $0.09, or 0.29 percent.

Chevron (CVX) (OAS) (RRC) (WTI) (SHI) Pressured as Oil Falls

Shares of oil and oil-related companies Chevron (NYSE:CVX), Oasis Petroleum (NYSE:OAS), Range Resources (NYSE:RRC), W&T Offshore (NYSE:WTI) and SINOPEC Shangai Petrochemical (NYSE:SHI) were pressured Thursday as crude for June delivery dropped below the $100 a barrel mark.

Crude oil for June delivery was down $9.44, or 8.6 percent, to $99.80 a barrel on the New York Mercantile Exchange. The price has fallen 12 percent so far this week, declining every day of the week. Crude has soared 25 percent over the last year.

Gasoline for May delivery was down 22.71 cents, or 6.8 percent, to $3.0954 a gallon on the Nymex, the lowest settlement in five weeks. Gasoline has jumped 39 percent in a year.

Averaged across the nation, regular gasoline at the pump increased 0.3 cent to $3.985a gallon on Wednesday, according to the website of AAA. That's highest price of gasoline since July 24, 2008.

Heating oil for May delivery was down 25.61 cents, or 8.1 percent, to $2.8869 a gallon on the Nymex. Heating oil has climbed 32 percent over the last year.

The New York Mercantile Exchange reported that oil futures settled at $99.80, down $9.44 or 8.6 percent on Thursday.

Government figures show gasoline demand in America has dropped about 2 percent over the last month, which added to rises in inventory, should push gasoline prices down again.

Chevron (CVX) closed Thursday at $102.62, down $2.06, or 1.97 percent.

Halliburton (HAL) (BRY) (END) (PXP) (RRC) Trade Down on Slowing Oil Demand

Oil companies and other industry-related companies Halliburton (NYSE:HAL), Berry Petroleum (NYSE:BRY), Endeavour International (NYSE:END), Plains Exploration & Production (NYSE:PXP) and Range Resources (NYSE:RRC) all closed down Wednesday as oil prices took a breather.

Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.

In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.

The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.

Berry Petroleum (BRY) closed Wednesday at $48.54, falling $2.95, or 5.73 percent.

Transocean (RIG) (FTK) (RRC) (KOG) (PTR) Trade Down as Oil Demand Falls

Falling demand for fuel has pushed down oil inventories and the price of oil, putting pressure on Flotek Industries, Inc. (NYSE:FTK), Range Resources (NYSE:RRC), Kodiak Oil & Gas (Amex:KOG), PetroChina (NYSE:PTR) and Transocean (NYSE:RIG).

Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.

Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.

Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.

Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.

After selling out of silver commodity traders followed up with divesting of positions in oil as well.

Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.

Range Resources (RRC) closed Tuesday at $54.39, falling $1.96, or 3.48 percent.

Hess (HES) (EPD) (EPM) (RRC) (CRK) Trade Down on Volatile Energy Day

Shares of Enterprise Products Partners (NYSE:EPD), Evolution Petroleum (Amex:EPM), Range Resources (NYSE:RRC), Comstock Resources (NYSE:CRK) and Hess Corporation (NYSE:HES) closed down on the uncertainty following the death of Osama bin Laden.

Crude futures settled lower Monday after the death of Osama bin Laden stirred up oil markets, as traders attempted to measure the impact of the event on the stability in the Middle East.

Light, sweet crude for June delivery settled 41 cents, or 0.4%, lower at $113.52 a barrel on the New York Mercantile Exchange, in a volatile session that saw both two-and-a-half year highs near $115 a barrel and a decline to $110.82 a barrel.

Brent crude on the ICE futures exchange closed 77 cents lower at $125.12 a barrel.

Front-month June reformulated gasoline blendstock, or RBOB, settled 5.05 cents, or 1.5 percent down at $3.3479 a gallon. June heating oil settled 2.37 cents, or 0.7 percent lower at $3.2521 a gallon.

Hess Corporation closed Monday at $83.56, dropping $2.40, or 2.79 percent.