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Energy Sector Update for 02/05/2016: USO, UNG, WEC

Top Energy Stocks

XOM: flat

CVX: flat

COP: -1.1%

SLB: flat

OXY: flat

Energy shares were mainly unchanged in pre-market trade on Friday as crude oil futures oscillated between slight gains and losses.

Light, sweet crude oil for March delivery was up 0.1% at $31.74 per barrel. In other energy futures, heating oil was +0.1% higher at $0.85 per gallon while natural gas was up 4.2% at $1.68 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.1% at $0.85 while the United States Natural Gas ETF ( UNG ) was 2.8% higher at $7.48.

And, in other energy news, Wisconsin Energy ( WEC ) shares were downgraded to hold from buy by Deutsche Bank Securities, with a price target set at $56 a share on Friday.

Shares in the company were unchanged at $56.40 pre-bell. The company has traded between $44.93 and $57.17 over the past 52 weeks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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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