"Halftime Report" trader Jon Najarian spied some interesting action in the options pits on this Wi-Fi play.» Read More
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. Emulex Corp. rose 24.7 percent to $7.93. UIL Holdings Corp. rose 23.0 percent to $52.07.
EL PASO, Texas _ Western Refining Inc. on Thursday reported fourth-quarter net income of $130.9 million, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. Western Refining shares have climbed 24 percent since the beginning of the year.
Feb 26- Western Refining Inc reported a better-than-expected adjusted quarterly profit on Thursday as lower crude oil prices helped improve refining margins. Growing output from the Permian Basin in Texas and New Mexico, where Western's refineries are located, has combined with inadequate pipeline infrastructure to create a glut and suppress crude...
Feb 26- Western Refining Inc reported a fourth-quarter profit compared with a loss a year earlier, helped by improved refining margins and a hedging gain. The U.S. oil refiner reported a net profit attributable to the company of $130.9 million, or $1.33 per share, in the quarter ended Dec. 31, compared with a net loss of $7.3 million, or 9 cents per share.
West Texas intermediate crude dropped below $80 a barrel, hitting two-year lows, with some analysts predicting that it could go lower.
NEW YORK/ HOUSTON, Oct 9- Investment bank Lazard Ltd has asked bidders that have shown interest in buying Citgo Petroleum Corp's U.S. refineries to submit an additional round of offers, people close to the deal told Reuters this week as the sale process proceeds despite doubts. Venezuela's state-run oil company PDVSA hired Lazard to handle the sale process for...
After the financial crisis of 2007-2009, a number of ailing U.S. refineries were sold to investors such as Carlyle Group and Delta Air Lines Inc, which lacked the credit agreements or oil trading expertise to efficiently supply their new plants. On Tuesday, Philadelphia Energy Solutions LLC, the biggest refinery on the East Coast, became the latest to join the...
Traders are concerned that longer-term global growth will impact demand for crude oil. So will producers scale back?
Venezuela's state-run oil company is seeking offers for its U.S. unit Citgo Petroleum in a deal that could fetch up to $10 billion.
NEW YORK, Sept 9- Venezuela's state-run oil company PDVSA is seeking preliminary offers for its U.S. unit Citgo Petroleum Corp by the end of September, a deal that could fetch up to $10 billion, according to two people familiar with the matter.
Some of Tuesday's midday movers:
With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.
A surprise drop in gasoline supplies sent oil and gasoline futures higher, but pump prices are likely to head lower.
Take a look at some of Tuesday's midday movers:
In a domestic energy market developing faster than just about anyone can remember, the key is in finding an edge.
A looming increase in taxes could force the hand of some companies to issue special dividends before year end, making it a record year for payouts, but which ones?
Gasoline prices — along with oil company profit margins — will likely head downward in the next several weeks, but one stock still has growth potential, Deutsche Bank oil analyst Paul Sankey said Thursday on CNBC.
NEW YORK-- Shares of several oil refining companies fell Wednesday after Chevron Corp. said its third-quarter results will be substantially lower than its second-quarter earnings.
*Raymond James Raises HollyFrontier Corp target price to $44 from $42. *Raymond James Raises Valero Energy target price to $36 from $32. *Raymond James Raises Western Refining target price to $32 from $31 For a summary of rating and price target changes on U.S. companies:.
Goldman Sachs analysts are favoring four oil-patch stocks, giving them potential six-month price increases of as much as 95 percent. This comes at a time when oil prices, a great determinant of energy companies' earnings and share-price performances, have been highly volatile.