Sector Update: Energy

By
A A A

Energy stocks were lower today with the NYSE Energy Sector Index sinking 0.5% while shares of energy companies in the S&P 500 were down 0.7% as a group. Crude oil for April delivery was up 16 cents at $98.15 per barrel while April natural gas was down 7 cents at $4.42 per 1 million BTU.

In company news, KiOR Inc ( KIOR ) fell hard Thursday, with shares shedding nearly 7% after the biodiesel and cellulosic gasoline producer postponed its Q4 earnings announcement and conference call originally planned for today until next week.

The company offered no explanation for the delay, stating only that it will release financial results for the three months ended Dec. 31 on Monday, March 17, at the same time it files its 10-K annual report with the U.S. Securities and Exchange Commission.


Shares fell 6.8% to $1.17 apiece, sliding as low as $1.11 a share and retracing much of their decline last month that pulled the stock to a 52-week low of $1.10 a share several times between Feb. 4 through Feb. 7 and again on Feb. 13.

In other sector news,

(+) ENLK, (+1.5%) Prices $1.2 bln offering of senior notes, including $400 mln of its 2.7%, 5-year notes priced at 99.85% of par; $450 mln of 4.4%, 10-year notes priced at 99.83% of par; and $350 mln of its 5.6%, 30-year notes priced at 99.925% of par.

(-) MTDR, (-0.5%) Q4 earnings of $0.23 per share lag Capital IQ consensus by $0.04. Reaffirms FY14 guidance, forecasting total production of 2.8 mln to 3.1 mln barrels plus 13.5 bln to 15.0 bln cubic feet of natural gas.



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: KIOR

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

33,974,386
  • $17.98 ▲ 0.28%
20,763,901
  • $91.29 ▲ 2.06%
19,110,793
  • $7.26 ▼ 1.22%
18,528,869
    $8.33 unch
18,014,920
  • $4.19 ▼ 1.18%
16,448,919
  • $25.83 ▼ 0.19%
14,748,190
  • $7.60 ▼ 1.43%
14,144,383
  • $112.01 ▼ 0.47%
As of 12/24/2014, 02:12 PM


Find a Credit Card

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