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Energy Stocks Adding To Session-Long Gains; C&J Energy Service Q2 EPS Top Estimates, Revenue Lags Street

Top Energy Stocks

XOM -1.54%

CVX -0.08%

COP +1.67%

SLB +2.40%

OXY +0.44%

Energy stocks are ending higher with the NYSE Energy Sector Index rising 0.8% while shares of energy companies in the S&P 500 are up 1.4% as a group. Crude oil for September delivery cents continued its recent surge, rising $2.86 to settle at $107.89 per barrel while September natural gas was down 6 cents to finish at $3.39 per 1 million BTU.

In company news, C&J Energy Services Inc. ( CJES ) is up 8.2% at $20.94 a share in late trade, holding near its session higher after its Q2 earnings of $0.39 per share, ex items, beat analyst estimates by $0.02 per share.

Revenue fell 3.3% from the same quarter last year to $267 million as demand for the company's hydraulic fracturing operations declined from the previous quarter, trailing Wall Street expectations by around $4.1 million.

In other sector news,

(+) PXD, Q2 revenue rises 28.7% over year-ago levels to 1.18 billion, topping the analyst consensus by about $280 million, or 31%. Net income of $1.10 per diluted share trails Wall Street expectations by $0.01 per share.

(-) QEP, Q2 earnings of $0.34 per share, ex items, trail consensus view by $0.01. Revenue climbs 50.4% over year-ago levels to $751.0 million but still trail estimates by $72.9 million.

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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