Top Energy Stocks
Energy stocks were higher today with the NYSE Energy Sector
Index rising about 0.6% and the S&P Energy Index gaining about
1.2%. Crude oil for June delivery was up 52 cents to $91.55 per
barrel. June natural gas was down 25 cents, or 5.7%, to $4.08 per 1
mln BTU after the government's weekly inventory report showed U.S.
stockpiles expanded much more than expected.
In company news, C&J Energy Services, Inc. (
) was down 5.7% to $18.18 a share, falling as low as $17.72 for the
steepest decline among stocks in the NYSE Energy Sector Index and
the oilfield services company late Wednesday reporting a year over
year decline in earnings to $0.46 per share, down from a $0.92 gain
last year and trailing analyst expectations by $0.09 per share.
Revenue also came up short of the Street view despite a 15.5%
rise from the same quarter last year to $276.1 mln, lagging the
analyst consensus by $12.21 mln, or about 4.2%.
In other sector news,
(+) HOS, (+11.8%) Reported Q1 earnings of $0.59 per share, ex
items, topping expectations by $0.28. Revenue increases 22.9% year
over year to $147.5 mln, also exceeding the Street view by $10.12
(-) CXO, (-4.2%) Q1 EPS of $0.58, ex special items, missed the
Capital IQ consensus estimate by $0.21 per share. Revenue slips 7%
from year-ago levels to $472.13 mln, also falling $28.75 mln short
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