Credit: Shutterstock photoTop Energy Stocks
XOM +0.15%
CVX -0.02%
COP 0.00%
SLB +0.37%
OXY +0.32%
Energy stocks have turned narrowly higher, with the NYSE Energy Sector Index still rising about 0.1% while shares of energy companies in the S&P 500 were up almost 0.2% as a group, reversing an earlier decline. Crude oil for October delivery was up 3 cents at $49.19 per barrel while October natural gas futures were 2 cents lower at $2.98 per 1 million BTU.
In company news, Antero Midstream Partners LP ( AM ) slumped Thursday to a session low of $31.03 per unit after corporate parent Antero Resources ( AR ) priced a $315 million secondary offering of 10 million of the limited partnership's equity units at $31.45 apiece, a 6.4% discount to Wednesday's closing price.
Antero Midstream did not receive any proceeds from the stock sale.
In other sector news,
(+) MTRX, (+12.8%) Fiscal Q4 sales decline 18.9% from year-ago levels to $291.8 mln, beating the $281.8 mln consensus. Also reports Q4 net loss of $0.04 per share, reversing a $0.34 per share profit last year but still matching the analyst mean. Guides FY17 sales above Street.
(-) WLL, (-5.9%) Today discloses plans for a reverse stock split of between 1-for-2 to 1-to-6 in a bid to increase its per-share stock price and improve the stock's marketability.
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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.
