Energy
HAL

Energy Sector Update for 10/19/2021: HAL, KOS, GPRK, XLE, USO, UNG

Energy stocks were gaining in Tuesday's premarket trading with the Energy Select Sector SPDR (XLE) recently advancing by 0.40%. The United States Oil Fund (USO) was up 0.51% and the United States Natural Gas Fund (UNG) was over 2% lower.

Front-month West Texas Intermediate crude oil was up $0.10 at $81.79 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude lost $0.04 to $84.11 per barrel. Natural gas futures were $0.121 lower at $4.868 per 1 million British Thermal Units.

Halliburton (HAL) was down more than 1% even after posting Q3 adjusted earnings of $0.28 per share, up from $0.11 a year ago and matching the consensus estimate by analysts polled by Capital IQ.

Kosmos Energy (KOS) was advancing by over 2% after saying it is planning to offer $400 million of senior notes due 2027 in a private placement to eligible purchasers.

Geopark (GPRK) was unchanged after it reported Q3 consolidated oil and gas production of 37,859 barrels of oil equivalent per day, down 3% from 38,845 boepd a year earlier.

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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