Top Energy Stocks
XOM -0.16%
CVX +0.05%
COP +0.32%
SLB -0.63%
OXY +0.04%
Energy stocks have turned mixed Thursday afternoon, with the NYSE Energy Sector Index slipping about 0.2% while shares of energy companies in the S&P 500 were up nearly 0.7% as a group. Crude oil for May delivery was up 32 cents at $38.64 per barrel while April natural gas futures were 1 cent lower at $1.98 per 1 million BTU.
In company news, shares of Superior Energy Services ( SPN ) rose after the oilfield-services company Thursday said it was suspending its quarterly dividend as well as cutting executive paychecks by 15% to preserve cash during the ongoing slump in oil and natural gas prices .
The voluntary pay cuts are slated to take effect on Friday, April 1, following approval by the board's compensation committee.
SPN shares recently were up more than 1% to $13.29 each, easing from a run as high as $13.81 a share earlier today.
In other sector news,
(+) CEN, (+0.1%) Declares monthly dividends of $0.1042 for both April and May, matching its distributions for the prior two months.
(-) GTE, (-7.5%) Discloses plans for $100 mln private placement of convertible senior notes due 2021.
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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.
