Sector Update: Energy Energy

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Energy shares traded generally flat in pre-market trade Friday as crude oil futures were up.

Light, sweet crude oil for July delivery was up 0.32% at $102.81 per barrel. In other energy futures, heating oil was up 0.10% at $2.88 per gallon while natural gas was down 0.09% at $4.70 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.32% at $37.67. The United States Natural Gas ETF ( UNG ) was up 0.54% at $26.03.


In other energy news, Piedmont Natural Gas Company ( PNY ) has announced fiscal Q2 EPS of $.80, up from $.74 per diluted share for fiscal Q2 2013 and beating analyst estimates of $0.75. Total operating revenue of $462.24 million was up from $399.41 million in fiscal Q2 2013 and beat analyst projections of $427.95 million.

PNY was steady pre-market at $36.23 with a 52-week range of $31.56 to $36.55.



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

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


This article appears in: Investing , Commodities

Referenced Stocks: USO , UNG , PNY

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