Referenced Stocks

Sector Update: Energy Shares Down; Crude Futures Near Flatline

By Midnight Trader April 28, 2011, 01:15:28 PM EDT

NYMEX Benchmark Crude June: (-0.01%) to $112.75

Top Energy Stocks

XOM: -0.5%

CVX: -0.3%

COP: -2.8%

SLB: -0.2%

OXY: +1.3%

Energy shares are trending lower as crude oil futures move into the red, but they are still trading at more than $112 a barrel.

Light, sweet crude for June delivery down 0.01% to $112.75 a barrel. In other energy futures, heating oil is up 0.23% to $3.24 a gallon while natural gas is up 3.79% to $4.57 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.69% to $44.71. The United States Natural Gas ETF ( UNG ) is up 3.87% to $11.82.

In mid-day news, Hercules Offshore ( HERO ) says Q1 net loss was $0.12 per diluted share, on revenue of $166.2 million. The Thomson Reuters mean was for a $0.13 loss on sales of $164.40 million.

Hercules shares are up 2.8%.

Also, Exxon Mobil ( XOM ) is reporting Q1 EPS of $2.14 compared to $1.33 a year earlier and topping the Thomson Reuters mean analyst estimate for $2.07, according to reports.

Revenue of $114 billion is up from $90 billion. The Street expected $114.9 billion.

Exxon Mobil shares are down 0.5%.




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.


This article appears in: Investing, Commodities

Referenced Stocks: HERO, UNG, USO, XOM



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