Markets
UNG

Sector Update: Energy

Energy shares traded flat to higher in pre-market trade Monday as crude oil futures were higher.

Light, sweet crude oil for June delivery was up 0.49% at $100.48 per barrel. In other energy futures, heating oil was up 0.82% at $2.93 per gallon while natural gas was down 0.9% at $4.49 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was 0.71% higher at $36.66. The United States Natural Gas ETF ( UNG ) was flat at $25.11.

In other energy news, EV Energy Partners ( EVEP ) reported $6.3 million, or $0.14 per diluted share, in net loss for Q1 2014, compared to a net loss of $46.6 million, or $1.08 per diluted share, a year earlier. The Capital IQ consensus is for net income of $0.18 per diluted share. Revenue increased to $95.3 million from $73.7 million, topping the $91.2 million Street view.

The oil and gas company produced 174.7 MMcfe/day, representing a 6% increase over Q1 2013. The increase is due to drilling activity and acquisitions completed in Q4 2013.

EVEP was flat in Monday's pre-market trading and closed at $33.26 Friday.

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.

In This Story

UNG USO

Other Topics

Commodities