Markets

Sector Update: Energy

Energy stocks are little changed shortly before the closing bell. Crude oil for November delivery settled $1.20 lower at $101.21 per barrel while November natural gas is fell 3 cents to $3.79 per 1 million BTU.

In company news, Atlas Pipeline Partners L.P. ( APL ) is down nearly 5% at $37.99 a share with analysts at Robert W. Baird reducing their rating for the stock to Neutral from Outperform and trimming their price target by $5 to $38 a share.

In other sector news,

(+) MPC, Named a Focus Stock at Howard Weil.

(-) BAS, Shares of the oilfield services company cut to Sector Perform from Outperform at Iberia, which also set a $14 a share price target. The company also said it had 425 rigs in the field during September, unchanged from the prior month.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos