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Sector Update: Energy Shares Higher; Crude Slips, Trades Below $94 a Barrel
12/16/2011 3:09:00 PM
By: MT Newswires
NYMEX Benchmark Crude January: (-$0.22) to $93.58
Top Energy Stocks
Energy shares are higher in late trading while while crude oil futures traded down below $94 a barrel.
Light, sweet crude for January delivery was down $0.22 to $93.58 a barrel.
Meanwhile, Kosmos Energy ( KOS ) is upgraded to overweight from equalweight at Barclays Capital Plc, Bloomberg reports. The target price is $17 per share, it said.
KOS is up 6.0%.
Delta Petroleum ( DPTR ) is down 35% after the company and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.