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 traded up 0.8% to $81.93 a barrel. In energy ETFs, the
United States Oil Fund (
) is up 1.27% to $31.91. The United States Natural Gas ETF (
) is up 1.4% at $10.12. In mid-day news, Northern Oil and Gas, Inc.
) 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 (
) 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
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.