Top Energy Stocks
Energy shares were fairly flat in Wednesday's pre-market trade as crude oil futures were up.
Light, sweet crude oil for October delivery was up 0.29% at $94.13 per barrel. In other energy futures, heating oil was up 0.12% at $2.85 per gallon while natural gas was up 1.09% at $3.99 British thermal units.
In other energy news, Seadrill ( SDRL ) shares lost 4% after the company said Q2 results beat analyst estimates on EPS despite a year-over-year decline in revenues.
The offshore driller reported Q2 EPS of $1.24, down from $3.53 in Q2 2013 but beating analyst estimates of $0.74 for the quarter. Revenues for Q2 were US$1.22 billion, down from $1.26 billion in Q2 2013 and just missing analyst projections of $1.28 billion.
And, Yingli Green Energy ( YGE ), manufacturer of photovoltaic products, Wednesday said it has been contracted by renewable energy company Push Energy to supply multicyrstalline modules for four large-scale photovoltaic power plants in the U.K. Financial terms weren't disclosed.
YGE American Depositary Receipts edged higher by about 1% in recent pre-market trading on Wednesday after closing down to $3.56 Tuesday.
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