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.
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