Top Energy Stocks
Energy shares are flat in pre-market, while crude oil futures
are up toward $103 per barrel.
Light, sweet crude oil for September delivery is down $0.47 per
share at $103.90 per barrel. In other energy futures, heating oil
is down $0.01 per share at $2.96 a gallon while natural gas is down
$0.01 at $3.24 per million British thermal units.
, the United States Oil Fund (
) is flat at $37.01. The United States Natural Gas ETF (
) is up 0.17% at $17.21.
In other energy news, oil and gas services company Tetra
) said it's reducing its full-year earnings guidance after its Q2
loss widened and revenue fell, with both figures coming in below
The company had a loss of $0.22 per share compared with a net
loss of $0.08 per share in the year-ago period. Net income
excluding the loss from its Maritech unit was $0.16 compared with
$0.22 on that basis last year and below forecasts for $0.21.
Consolidated revenues fell to $221.1 million versus $234.9 million
last year and below forecasts for $248 million.
Tetra said it's lowering its earnings guidance range for the
2013 fiscal year to $0.70 to $0.75 per fully diluted share,
excluding the impact of the Maritech segment and employee severance
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.