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 (
) is down 1.47% to $36.87. The United States Natural Gas ETF (
) is up 0.48% at $10.55. In mid-day news, shares of Exterran
) 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 (
) 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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