Top Energy Stocks
Energy stocks are lower with the NYSE Energy Sector Index sliding about 0.5% while shares of energy companies in the S&P 500 are now down nearly 0.7% as a group. Crude oil for December delivery fell $1.43 to settle at $96.77 per barrel while December natural gas slipped a penny to finish at $3.62 per 1 million BTU.
In company news, WSP Holdings Ltd. ( WH ) is finishing with a 3% advance to $2.16 a share after this morning saying it has made substantial progress in its audit of its financial records for the year ended Dec. 31, 2012.
The Chinese distributor of casings, tubing and drill pipes used in petroleum exploration said it now expects to file its Form 20-F annual report with U.S. regulators before Nov. 15.
In other sector news,
(+) SM, Q3 earnings of $1.54 per share, ex items, beats by $0.46. Revenue climbs 61.8% year over year to $613.1 mln, topping estimates by $16.34 mln. Q3 average daily production rises to record 138,800 barrels; expects 12,800 to 13,000 barrels in Q4.
(-) XCO, Earns $0.04 per share, ex items, in Q3, trailing Street view by $0.07 per share. Revenue rises 16.7% over year-ago levels to $165.31 mln but still lags analyst expectations by $21.57 mln.
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