BUZZ-Oil and gas stocks: Brent crude prices rise

Wed Jun 10, 2015 11:39am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** U.S.-listed shares of oil and gas producers up 4-9 pct

** Oil prices rise on Wednesday after U.S. government data confirms big weekly drawdown in crude inventories and on signs of easing oil production

** Brent crude up 1.2 pct at $65.69/bbl at 11:12 ET; U.S. crude up 1.6 pct at $61.11

** Shares of Pioneer Energy Services Corp up 8.8 pct, Eclipse Resources Corp up 6.3 pct, Penn West Petroleum Ltd up 5.8 pct

** Bonanza Creek Energy Inc up 5.6 pct, Talen Energy Corp up 4.2 pct

** Macquarie Research starts coverage of Talen with "neutral" rating, price target of $20

** Of 6 analysts covering stock, 2 each have "buy", "hold" and "sell" or lower rating; median price target is $23