Energy stocks are mostly lower this afternoon with the NYSE
Energy Sector Index falling 0.60% while the S&P Energy Index is
off 1.09%. Crude oil for July delivery is off 2% at $86.09 a barrel
following an unexpected build in U.S. inventories last week.
Among the companies posting the largest percentage declines,
Hombeck Offshore Services Inc (
) is down nearly 5% followed by Transportadora de Gas Del Sur S.A.
) sliding 5.27%. Other stocks with significant declines include
Tesoro Corp (
) down 5.3%, Noble Corp. (
) falling 4.3%, and Hyperdynamics Corp (
) slipping 3.2%.
Among the handful of winners today are WSP Holdings Ltd. (WH)
climbing 2.27%, Eni SpA (E) adding 2% and Sasol Ltd. (SSL) gaining
In company news, Midstates Petroleum (MPO) is down more than 5%
after reporting a Q1 EPS loss of $0.16, versus a loss of $0.15
reported in Q1 2011.
Revenue for the quarter came in at $30.24 million, up from
$13.16 million in the year-ago quarter. Net revenue in the most
recent quarter were reduced by a $24.6 million loss on commodity
deriviative contracts, offsetting big gains in oil and natural gas
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.