Markets

Sector Update: Energy Shares Lose Early Momentum

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NYMEX Benchmark Crude January: (+$0.49) to $93.87

Top Energy Stocks

XOM: +0.1%

CVX: +0.3%

COP: -0.2%

SLB: -0.3%

OXY: 1%

Energy shares were higher but like crude oil prices have lost some of their early momentum

In energy news, Enbridge ( ENB ) has been initiated with a Neutral at Citigroup. The firm set a price target of $36. ENB shares were up 3% earlier, but now are little changed.

Also, Basic Energy Services ( BAS ) was upgraded to Buy from Hold at Dahlman Rose. The firm set a price target of $25.

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

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

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