Energy Stocks, ETFs Face Headwinds from Earnings Wednesday, November 3, 11:35 AM ET, by Market News Video Staff Energy stocks are seeing a lackluster day in trading, along with oil itself. Oil is ...
APA Trades Higher on Earnings Surge Thursday, November 4, 12:39 PM ET, by Market News Video Staff Apache Corp. (APA) posted a 74% gain in third quarter earnings today. ...
ME Reports, Misses, Shares Gain Monday, November 8, 10:52 AM ET, by Market News Video Staff Mariner Energy (ME) reported third quarter earnings late Friday that missed analyst expectations. Nevertheless, shares ...
Crude Pares Losses After Inventory Data Wednesday, November 17, 2:05 PM ET, by Market News Video Staff Crude oil is paring its losses Wednesday after the Energy Departments weekly oil inventory report ...
By Market News Video Staff, Thursday, November 4, 12:39 PM ET
Apache Corp. (NYSE:APA) posted a 74% gain in third quarter earnings today. Results missed analyst estimates, but the stock is trading higher, perhaps on optimism in its production outlook, as well as its insistence it will close its acquisition of Mariner Energy (ME) later this month.
Apache is the #2 holding in the iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (AMEX:IEO), which is trading up 2.5% today. The top five holdings in the fund are Occidental Petroleum (NYSE:OXY), at 14.62% of the total, followed by Apache at 9.01%, Anadarko (NYSE:APC) with 7.79% of the portfolio, Devon Energy (NYSE:DVN) at 6.75%, and EOG Resources (EOG), at 6.16%.
This Article's Word Cloud:AMEXApacheCorpDevonEnergyExplorationFundIndexJonesMarinerNYSEOccidentalPetroleumProductionResourcesResultsacquisitionanalystcloseearningsestimatesfivefollowedfundgainhigherholdingholdingsiSharesinsistencelatermissedmonthoptimismoutlookperhapsportfoliopostedproductionquarterstockthirdthistodaytotaltradingwellwhichwillwith
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