Sector Update: Energy Shares Higher; Crude Oil Futures Manage Modest Gains

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NYMEX Benchmark Crude September: (+0.8%) to $81.93

Top Energy Stocks

XOM: +1.0%

CVX: +2.4%

COP: +3.0%

SLB: +4.1%

OXY: +4.3%

Energy shares are higher in mid-day trading, while crude oil futures manage to log modest gains but not nearly enough to compensate for yesterday's plunge.

Light, sweet crude for September delivery is trading up 0.8% to $81.93 a barrel. In other energy futures, heating oil is up 0.49% to $2.81 a gallon while natural gas is up 1.78% to $4.00 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.27% to $31.91. The United States Natural Gas ETF ( UNG ) is up 1.4% at $10.12.

In mid-day energy news, Northern Oil and Gas, Inc. ( NOG ) is up 32.08% to $17.50 a share after it today announced Q2 fully diluted EPS of $0.33 and revenue of approximately $35.5 million. Analysts expected EPS of $0.19 and revenue of $39.07 million.

Meanwhile, Sempra Energy ( SRE ) is up 1.1% to $46.09 after it reported Q2 EPS of $0.97, which is in-line with expectations. Revenue increased 20.6% from the previous year period to $2.42 billion, which beats by $350 million.

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

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

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

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