Sector Update: Energy Shares Higher as Crude Adds to Prior-Session Gains; June Contract Up 0.3%

By
A A A
Share |

NYMEX Benchmark Crude June: (+0.34%) to $102.92

Top Energy Stocks

XOM: -0.1%

CVX: +0.01%

COP: +0.7%

SLB: +0.7%

OXY: -0.5%

Energy shares are higher in mid-day trading as crude oil futures add to prior-session gains to trade just under $103 a barrel at the New York Mercantile Exchange.

Light, sweet crude oil for June delivery traded up 0.34% to $102.92 a barrel. In other energy futures, heating oil was up 0.82% to $2.98 a gallon while natural gas was up 0.67% to at $4.18 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.1% to $40.91. The United States Natural Gas ETF ( UNG ) is up 0.19% to $10.79.

In mid-day energy news, independent energy company, Carrizo Oil & Gas ( CRZO ) reported an increase in Q1 revenues to $44.06 million compared to Q1 2010's $38.96 million. Adjusted revenues were $52.9 million compared to the prior year's $43.9 million.

Net income however plummeted to $0.73 million, or $0.02 per share, versus the prior-year quarter's $19.73 million, or $0.63 per share.

Adjusted net income was $10.61 million, or $0.27 per share, a penny below the Thomson Reuters EPS mean of $0.28.

Shares are up 0.62% to $36.89.



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: CRZO , UNG , USO

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

100%
88%
100%

Most Active by Volume

152,099,280
  • $16.13 ▼ 1.59%
76,450,549
  • $59.72 ▲ 1.07%
57,375,391
  • $36.35 ▲ 6.26%
50,140,425
  • $26.93 ▲ 0.60%
49,201,544
  • $3.17 ▲ 2.59%
39,533,031
  • $86.18 ▲ 1.33%
36,760,050
  • $13.42 ▲ 2.84%
33,109,047
  • $26.12 ▲ 1.16%
As of 4/16/2014, 04:05 PM