Sector Update: Energy

By Staff,

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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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: CMS , EXLP , UNG , USO

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