Sector Update: Energy Shares Flat to Higher as Crude Oil Futures Fall

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Top Energy Stocks

XOM: flat

CVX: flat

COP: +0.24%

SLB: +0.44%

OXY: flat

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

Light, sweet crude oil for September delivery was down 0.8% at $96.57 per barrel. In other energy futures, heating oil was down 0.72% at $2.83 per gallon while natural gas was down 0.48% at $3.76 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.48% to $35.27. The United States Natural Gas ETF ( UNG ) was down 0.96% at $20.65.

In other energy news, Synergy Resources ( SYRG ) received a buy investment rating Monday from Canaccord Genuity, which initiated coverage of the oil-and-gas company with a price target at $17 per share.

The price target is 33% above the stock's Friday closing price of $12.78. It was inactive pre-market and has a 52-week range of $7.25 to $14.11.

The firm described Synergy as "Kodiak 2.0." Kodiak Oil & Gas ( KOG ), another energy company, has had strong stock gains, up 33% for the year to date and up 53% from a year ago. Over the past five years, KOG has soared about 11-fold.

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

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This article appears in: Investing , Commodities
Referenced Symbols: USO , UNG ,

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