Markets

Energy Sector Update for 12/30/2016: GPOR,GEVO

Top Energy Stocks

XOM +0.15%

CVX 0.00%

COP -0.21%

SLB -0.24%

OXY -0.14%

Energy stocks have turned narrowly mixed, with the NYSE Energy Sector Index rising about 0.2% while shares of energy companies in the S&P 500 were down about 0.1% as a group. Crude oil for February delivery was down 14 cents at $53.63 per barrel while February natural gas futures were 9 cents lower at $3.71 per 1 million BTU.

In company news, Gulfport Energy ( GPOR ) has recovered a portion of its prior decline, with shares of the oil and natural gas producer climbing back near their break-even mark this afternoon after the company said late Thursday Aaron Gaydosik will step down as chief financial officer early next week to pursue an external opportunity.

Effective Jan. 4, the company said it was promoting Keri Crowell to replace Gaydosik. Crowell joined Gulfport in 2005 and she has been chief chief accounting officer since September 2015.

GPOR shares were down about 0.7% at $21.67 each, rebounding somewhat from an earlier retreat to $21.30 a share.

In other sector news,

(-) GEVO, (-9.5%) Discloses plans for 1-for-20 reverse stock split following the close of business on Jan. 5 and taking effect with the start of trading on Jan. 6.

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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