Energy Sector Update for 02/21/2019: FTI, TK, ET, XOM, CVX, COP, SLB, OXY

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Top Energy Stocks:

XOM: Flat

CVX: Flat

COP: Flat

SLB: Flat

OXY: Flat

Energy stocks were flat to lower in Thursday's pre-market trading . West Texas Intermediate crude oil for April delivery was down $0.25 to $56.91 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude April contract lost $0.20 to $66.88 per barrel and March natural gas futures were 4 cents higher at $2.68 per 1 million BTU.

Early movers include:

(-) TechnipFMC ( FTI ), which was more than 6% lower after reporting an adjusted net loss of $0.09 per share in Q4, reversing an adjusted EPS of $0.20 a year earlier. Revenue fell to $3.32 billion from $3.68 billion over the same period.

(+) Teekay ( TK ) was up more than 4% as it booked Q4 adjusted net loss of $0.02 per diluted share, compared with an adjusted loss of $0.11 a year earlier, but missing the average analyst estimate for earnings of $0.05.

In other sector news:

(+) Energy Transfer ( ET ) was more than 2% higher after reporting Q4 net income of $0.26 per limited partner unit, compared with $0.22 per unit a year earlier but below the consensus estimate of $0.37 per unit, provided by Capital IQ.

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 , Energy
Referenced Symbols: FTI , TK , ET , XOM , CVX

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