Energy Sector Update for 04/25/2019: MMLP, CKH, HP, XOM, CVX, COP, SLB, OXY

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Top Energy Stocks:

XOM: -0.05%

CVX: +0.10%

COP: +0.23%

SLB: -0.1%

OXY: Flat

Energy giants were mixed in pre-market trading Thursday. West Texas Intermediate crude oil for June delivery was up $0.10 at $65.99 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude June contract gained $0.44 to $75.01 per barrel and May natural gas futures were 1 cent higher at $2.47 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 0.15%, while the United States Natural Gas fund was 0.42% higher.

Stocks moving on news include:

(-) Martin Midstream Partners ( MMLP ), which was declining more than 16% after the company said it lost $0.09 per limited partner unit but earned $0.29 on a net income from continuing operations basis. The CapIQ mean was for GAAP EPS of $0.19 and $0.28 normalized.

In other sector news:

(=) Seacor Holdings ( CKH ) was unchanged after i t report ed Q1 net profit of $0.41 per share, up from $0.04 per share in the prior-year period. The Street estimate from a single analyst was $0.35 per share.

(=) Helmerich & Payne ( HP ) was flat after releasing financial results for fiscal Q2, with earnings and revenue that both topped analysts' expectations.

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: MMLP , CKH , HP , XOM , CVX

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