Sector Update: Energy Shares Flat as Crude Drops

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Top Energy Stocks

XOM: flat

CVX: flat

COP: flat

SLB: +0.04%

OXY: flat

Energy shares were generally flat in pre-market trade Monday as crude oil futures fell.

Light, sweet crude oil for September delivery was down 0.77% at $97.32 per barrel. In other energy futures, heating oil was down 0.38% at $2.87 per gallon while natural gas was up 1.16% at $4.01 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.77% at $35.94. The United States Natural Gas ETF ( UNG ) was down 0.09% at $21.90.

In other energy news, Forrest Oil Corp. ( FST ) reports a Q2 loss of $0.06 per share, compared to EPS of $0.06 per share year ago. Revenues declined to $60.4 million compared to $116.8 million a year ago. Analysts polled by Capital IQ were expecting to see a loss of $0.02 per share on revenues of $67.7 million.

Shares of FST were flat at $2 pre-market, trading in a 52-week range of $1.68 - $6.67.



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 , FST

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