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Energy Sector Update for 01/22/2019: HAL, EQT, XOM, CVX, COP, SLB, OXY

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.

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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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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