Top Energy Stocks:
XOM: -0.82%
CVX: -1.06%
COP: -1.16%
SLB: -1.83%
OXY: -1.86%
Energy stocks trading lower early Tuesday. West Texas Intermediate crude oil for February delivery was down by $1.11 to $52.69 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude March contract lost $1.28 to $61.46 per barrel and February natural gas futures were 29 cents lower at $3.19 per 1 million BTU.
In other sector news:
(-) Halliburton ( HAL ) was down more than 2% after reporting Q4 adjusted earnings of $0.41 per share, which is higher than the Street estimate of $0.37 per share from analysts polled by Capital IQ.
(-) EQT ( EQT ) was more than 1% lower after saying it expects capital expenditures to range from $1.90 billion to $2 billion, adjusted free cash flow of $350 million and production sales volume of 1,470 to 1,510 Bcfe for 2019. For 2020, the natural gas producer anticipates a 5% increase in production sales volume based on its 2019 drilling program.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
