Sector Update: Energy

By
A A A
Share |

Energy shares are higher in pre-market, while crude oil futures are higher.

Light, sweet crude oil for December delivery is trading up $0.24 at $95.04 a barrel. In other energy futures, heating oil is down $0.02 at $2.85 a gallon while natural gas is up $0.06 at $3.56 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.15% at $34.19. The United States Natural Gas ETF ( UNG ) is up 1.90% at $17.68.

In other energy news, Oil and natural gas company Continental Resources, Inc. ( CLR ) reported overnight that Q3 2013 adjusted diluted EPS rose 62% year over year to $1.61, beating the Capital IQ consensus of $1.48.

Revenues increased to $823.8 million from $483.7 million in the prior-year period but is still shy of the $973 million analyst estimate.

For 2013, CLR forecasts year-over-year production growth of 38% to 40%, with capital expenditures of $3.6 billion.



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: CLR , 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