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

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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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: REN , UNG , USO

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