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Sector Update: Energy Shares Higher; Crude Slips, Trades Below $94 a Barrel

By: MT Newswires
Posted: 12/16/2011 3:09:00 PM
Referenced Stocks: DPTR;KOS

NYMEX Benchmark Crude January: (-$0.22) to $93.58

Top Energy Stocks

XOM: +0.2%

CVX: +0.5%

COP: +0.4%

SLB: +0.3%

OXY: 1.5%

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.