Sector Update: Energy Shares Lower; Crude Oil Futures Slip Below $95 a Barrel

By
A A A

NYMEX Benchmark Crude September: (-1.13%) to $94.69

Top Energy Stocks

XOM: -1.1%


CVX: +0.4%

COP: -0.5%

SLB: -1.0%

OXY: -0.9%

Energy shares are down in mid-day trading while crude oil futures falter to trade under $95 a barrel after manufacturing data disappoints the Street.

Light, sweet crude for September delivery is trading down 1.13% to $94.69 a barrel. In other energy futures, heating oil is down 0.3% to $3.09 a gallon while natural gas is up 0.41% to $4.16 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.47% to $36.87. The United States Natural Gas ETF ( UNG ) is up 0.48% at $10.55.

In mid-day news, shares of Exterran Partners ( EXLP ) are firmer after the partnership said late Friday it declared a cash distribution of $0.4825 per limited partner unit, or $1.93 per limited partner unit on an annualized basis, payable on Aug. 12 to unitholders of record at the close of business on Aug. 9.

The distribution to be paid in August is $0.005 higher than the Q1 distribution of $0.4775 per limited partner unit and $0.02 higher than the Q2 distribution of $0.4625 per limited partner unit.

Exterran Partners is up 1.86%, to $24.14.

Meanwhile, CMS Energy ( CMS ) shares are just higher after the company was upgraded to "buy" from "neutral" at SunTrust based on valuation. The firm has a price target of $21 on CMS shares.

CMS shares are up 0.78% to $19.29.



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: CMS , EXLP , UNG , USO

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

64,655,493
  • $17.88 ▼ 1.38%
53,363,101
  • $18.51 ▼ 6.98%
42,789,793
  • $94.01 ▼ 1.26%
40,818,762
  • $121.30 ▼ 0.87%
38,086,152
  • $23.28 ▼ 9.17%
36,103,930
  • $14.20 ▼ 0.77%
31,870,696
  • $14.83 ▼ 1.79%
29,019,850
  • $46.70 ▼ 0.38%
As of 7/31/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com