Top Energy Stocks
Energy stocks are higher with the NYSE Energy Sector Index
rising 0.3% while shares of energy companies in the S&P 500 are
up 1.2% as a group. Crude oil for December delivery is up 14 cents
at $94.34 per barrel while December natural gas is up 5 cents at
$3.57 per 1 million BTU.
In company news, Clean Energy Fuels (
) is up near 5% at near $11.90 a share with the natural-gas
supplier reporting a narrower net loss in Q3 than analysts were
expecting. The company, controlled by energy magnate T. Boone
Pickens, posted a $0.16 per share net loss during the quarter, ex
items, $0.05 better than the Capital IQ consensus call. Revenue
slipped 5.7% from the same quarter last year to $86.3 million,
trailing analyst estimates by $2.43 million.
CLNE delivered 56.4 million gallons in Q3, up 10.8% over
year-ago levels. Year to date, deliveries are 11% above the first
nine months of 2012.
In other sector news,
(-) FXEN, (-6%) Reports adjusted Q3 net loss of $0.05 per share,
$0.03 wider than estimates. Including the $11.5-mln gain on foreign
currency exchange, it would have earned $0.12 per share. Total
revenue declines 14.6% to $8.2 mln but beats by $80,000.
(-) AREX, (-11%, nearer 52 week lows) Q3 earnings of $0.07 per
share beat by $0.01. The oil and gas company also hires Sergei
Krylov, currently a managing director at J.P. Morgan (
) Securities LLC, as its new chief financial officer.
Copyright (C) 2013 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.