Energy Stocks Slump Friday

Energy stocks were ending mostly lower today, with the NYSE Energy Sector Index dropping just over 1.0% while shares of energy companies in the S&P 500 were down 1.1% as a group. Crude oil for March delivery settled 61 cents lower at $53.17 per barrel while February natural gas futures rose a penny to $3.39 per 1 million BTU, reversing a steep decline earlier in the session.

In company news, Valvoline (VVV) jumped to a record high on Friday after reporting Q1 financial results topping Wall Street expectations and raised its forecast for FY17 per-share earnings above analyst estimates.

The auto lubricants company earned $0.35 per share during the October-to-December quarter, exceeding the Capital IQ Consensus by $0.05 per share. Revenue increased 7.2% over the same quarter last year to $489 million, also beating the $474.14 million consensus.

By Brianna Stevens