Energy Stocks, Crude Oil Higher Today; Rexx Energy Roaring Following Capital One Upgrade

By Staff,

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Top Energy Stocks

XOM +0.02%, nearer year highs

CVX +0.2%, nearer year highs

COP +0.19%

SLB +0.55%

OXY +0.27%

Energy stocks are higher with the NYSE Energy Sector Index rising 0.4% and the S&P Energy Index climbing nearly 0.5%. Crude oil for September delivery is up $1.43 to $97.40 a barrel. September natural gas is up 5 cents at $3.14 per 1 million BTU.

In company news, Rex Energy Corp ( REXX ) is up 8.5% this afternoon, rising after analysts at Capital One upgraded the natural gas company with interests in the Utica Shale of western Pennsylvania and eastern Ohio to Strong Buy, up from its previous Add rating.

In other sector news,

(+) EVEP, (+5%) Reports positive production results from its second natural gas well in the Utica Shale. It owns a 43% stake in the well.

(+) GLOG, (+1.9%) Reports adjusted per-share profit of $0.04, in-line with estimates but down $0.08 a share from year-ago levels. Revenues rose 1.2% to $16.7 million, missing the $17.5 million estimate.

(+) MARPS, (+1.1%) Cuts quarterly cash distribution, payable Sept. 28, from $0.43 per unit in the prior quarter to $0.37 per unit. The trust paid a $0.54 per unit distribution in the year-ago quarter.

(+) MILL, (+1.3%) Receives final approval to begin drilling at its Rig-35 well from a platform in the Cook Inlet of Alaska after successfully completing repairs and blowout preventer testing.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: REXX

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