Top Energy Stocks
XOM -1.34%
CVX -2.13%
COP -0.04%
SLB -1.94%
OXY -0.11%
Energy stocks were finishing in a deep hole today, with the NYSE Energy Sector Index dropping almost 1.1% while shares of energy companies in the S&P 500 were down about 0.6% as a group.
In company news, Enable Midstream Partners ( ENBL ) fell to a record low on Thursday after analysts at RBC Capital Markets cut their price target for the pipeline company by $3 to $13 per unit while keeping a Sector Perform rating for the stock.
The move follows Enable earlier this week reporting a Q3 net loss of $985 million, reversing a $139 million profit during the same quarter last year.
ENBL equity units were down nearly 4% at $11.16 apiece, maintaining only a small margin above their worst-ever $10.71 per unit.
In other sector news,
(+) IO, Excluding one-time items, reported adjusted Q3 net loss of $0.10 per share, of $0.11 smaller than the Capital IQ consensus. Revenue falls 37.4% year over year to $66.67 mln, easily topping the $37.45 mln consensus.
(-) ENOC, Non-GAAP Q3 EPS of $0.74 misses Street view by $0.16 per share. Revenue falls 34.0% to $217.3 mln, also lagging the $232.18 mln consensus. Projected Q4 revenue of $50 mln to $60 mln, trailing analyst estimates by at least $5.9 mln.
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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.
