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Energy Sector Update for 12/15/2015: WPX,ACI,MNGA

Top Energy Stocks

XOM +4.52%

CVX +3.85%

COP +2.23%

SLB +2.91%

OXY +3.03%

Energy stocks were ending broadly higher Tuesday, with the NYSE Energy Sector Index climbing nearly 2.5% while shares of energy companies in the S&P 500 were up slightly more than 2.4% as a group.

In company news, shares of WPX Energy ( WPX ) rose Tuesday after SunTrust Robinson Humphrey today began analyst coverage of the oil and natural gas producer with a Buy rating and a $10 price target.

WPX shares were up nearly 10% at $6.42 each, staying within 3 cents of their session high.

In other sector news,

(+) ACI, Exercises 30-day grace period for $90 mln interest payment due Dec. 15 for its 9.875% senior notes due 2019, 7.00% senior notes due 2019 and 7.25% senior notes due 2021.

(-) MNGA, Receives around $3 mln in additional funding after investors exercise warrants to buy more stock. MNGA has issued warrants to buy over 12.6 mln shares exercisable between $1.11 to $4.00 a share.

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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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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