Top Energy Stocks
XOM +0.02%, nearer year highs
CVX +0.2%, nearer year highs
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 (
) 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
(+) 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
(+) 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
(+) 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.
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