Top Energy Stocks:
XOM: -0.10%
CVX: +0.14%
COP: +0.01%
SLB: Flat
OXY: +0.15%
Leading energy stocks were mostly higher in Thursday's pre-bell trading. West Texas Intermediate crude oil for April delivery was up by $0.15 to $57.09 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude April contract lost $0.31 to $66.08 per barrel and April natural gas futures were 3 cents higher at $2.83 per 1 million BTU.
Stocks moving on news include:
(+) California Resources ( CRC ), which was trading near 16% higher after late Wednesday releasing financial results for Q4, returning to profit from a loss in the prior-year period, and reporting revenue that topped analysts' expectations. The company posted adjusted earnings of $0.53 per share.
(+) W&T Offshore ( WTI ) was up 3% as i t report ed Q4 adjusted earnings of $0.22 per share compared with $0.17 per share recorded in the year-ago quarter. The Capital IQ average was for adjusted EPS of $0.15.
(+) Encana ( ECA ) was advancing by more than 4% after booking Q4 adjusted earnings of $0.32 per share, up from $0.12 in the same period a year ago and topping the estimate of $0.16 from analysts polled 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.
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.
