Sector Update: Energy

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Energy shares are trending lower as crude oil futures move into the red, but they are still trading at more than $112 a barrel. Light, sweet crude for June delivery is down 0.01% at $112.75 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.69% to $44.71. The United States Natural Gas ETF ( UNG ) is up 3.87% to $11.82. In mid-day news, Hercules Offshore ( HERO ) says Q1 net loss was $0.12 per diluted share, on revenue of $166.2 million. The Thomson Reuters mean was for a $0.13 loss on sales of $164.40 million. Also, Exxon Mobil ( XOM ) is reporting Q1 EPS of $2.14 compared with $1.33 a year earlier, topping the Thomson Reuters mean analyst estimate for $2.07, according to reports.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities
Referenced Symbols: HERO , UNG , USO , XOM

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