Sector Update: Energy

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Energy shares are down in mid-day trading, while crude oil futures falter to trade under $95 a barrel after manufacturing data disappoints the Street. Light, sweet crude for September delivery is trading down 1.13% to $94.69 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 1.47% to $36.87. The United States Natural Gas ETF ( UNG ) is up 0.48% at $10.55. In mid-day news, shares of Exterran Partners ( EXLP ) are firmer after the partnership said late Friday it declared a cash distribution of $0.4825 per limited partner unit, or $1.93 per limited partner unit on an annualized basis, payable on Aug. 12 to unitholders of record at the close of business on Aug. 9. Meanwhile, CMS Energy ( CMS ) shares are just higher after the company was upgraded to "buy" from "neutral" at SunTrust based on valuation. The firm has a price target of $21 on CMS shares.




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This article appears in: Investing , Commodities

Referenced Stocks: CMS , EXLP , UNG , USO

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As of 8/28/2015, 04:15 PM

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