Sector Update: Energy Shares Mixed Pre-Market: Resolute Energy's Earnings Top Q2 Estimates

By Staff,

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Top Energy Stocks

XOM: -1.01%

CVX: +0.04%

COP: flat

SLB: +0.74%

OXY: flat

Energy shares are mixed in pre-market, while crude oil futures are down $105 per barrel.

Light, sweet crude oil for September delivery is down $1.00 at $105.94 per barrel. In other energy futures, heating oil is down $0.04 at $3.03 a gallon while natural gas is down $0.01 at $3.34 per million British thermal units.

In energy ETFs , the United States Oil Fund ( USO ) is down 0.82% at $37.63. The United States Natural Gas ETF ( UNG ) is up 0.11% at $17.74.

In other energy news, Resolute Energy ( REN ) reported Q2 GAAP earnings of $0.14 per share, versus the Capital IQ GAAP consensus of $0.04. Revenues were $89.1 million, versus the analyst estimate of $91.3 million.

In the same period last year, the company reported EPS of $0.37 on revenues of $55.3 million. Production for the quarter increased 39% to 1,193 MBoe as compared to 858 MBoe during the same quarter of 2012. Shares closed at $8.71 with a 52-week range of $7.41 - $11.56.

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) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: REN , UNG , USO

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