trending Market Intelligence /marketintelligence/en/news-insights/trending/0opqk3bIrkt-kdi-AoqFNQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Wednesday's Energy Stocks: Markets close midweek trading on a positive note

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020


Wednesday's Energy Stocks: Markets close midweek trading on a positive note

Electric and diversified utilities, as well as oil and gas companies, capped the midweek trading day with gains on Wednesday, March 13, tracking the general upward trend in broader markets. The Dow Jones Industrial Average saw a 0.58% increase to close at 25,702.89, and the S&P 500 added 0.69% to conclude at 2,810.92.

District attorneys for Napa, Humboldt, Sonoma and Lake counties in California decided not to file criminal charges against Pacific Gas and Electric Co. in relation to the October 2017 wildfires in Northern California. Parent company PG&E Corp. closed the day 1.25% up on below-average volume to $19.46.

Public Service Enterprise Group Inc. added 0.64% in brisk trading to finish at $59.51. One of its subsidiaries asked U.S. regulators for more time to decide whether two of its nuclear plants will participate in the PJM Interconnection's next capacity auction.

MDU Resources Group Inc. shares were down 1.97% to $25.74 on nearly double average volume.

Sunworks Inc. shed 7.55% on heavy volume to close at 49 cents, after reporting fourth-quarter 2018 adjusted EBITDA of $467,000, compared to a loss of $2.8 million in the fourth quarter of 2017.

Among other solar companies, SunPower Corp. added 2.19% to settle at $6.53; Vivint Solar Inc. rose 2.04% to finish at $5.01; and First Solar Inc. picked up 1.45% to end at $54.71, all in below-average trading.

The S&P 500 Utilities Sector picked up a 0.15% gain to 294.43.

In the oil and gas sector, Royal Dutch Shell PLC plans to become the largest electricity company in the world by 2035, a company executive told the Financial Times in a March 13 article while at the CERAWeek conference in Houston. Shell's class A common shares climbed 2.69% in brisk trading to close at $62.99.

ConocoPhillips advanced 2.62% in robust trading to $67.35; Marathon Oil Corp. edged up 2.49% on below-average volume to $17.32; and Devon Energy Corp. closed 1.98% higher on strong volume to $29.33.

Antero Resources Corp. was up 1.96% in active trading to finish at $8.33.

The company received $297 million in cash and a 31% ownership stake in the newly formed Antero Midstream Corp., the emerging entity after the closing of the simplification deal between Antero Midstream Partners LP and Antero Midstream GP LP.

The S&P 500 Energy Sector climbed 1.09% to 484.96, while the Alerian MLP Index dipped 0.04% to 251.25.

Rhino Resource Partners LP declined 5.60% in over-the-counter trading to close at $1.40, after it reported net loss of $5.6 million, or 49 cents per unit, in the 2018 fourth quarter, compared with a loss of $18.7 million, or $1.45 per unit, in the prior-year period.

Hallador Energy Co. retreated 1.43% in active trading to end at $5.52. The company raised its 2019 sales guidance to 8.2 million tons from 7.3 million, after its subsidiary Sunrise Coal Co. LLC contracted 12 million tons in additional coal sales from 2019 to 2022.

Market prices and index values are current as of the time of publication and are subject to change.