NEW YORK, December 8, 2016 /PRNewswire/ --
Today's research report is focused on the Independent Oil and Gas industry, which is also known as the non-integrated Oil and Gas industry. Companies in this space are exclusively engaged in the exploration and production segment of the industry, with no downstream marketing or refining within their operations. These firms receive the majority of their revenue from production at the wellhead. Pre-market, Stock-Callers.com recalls the most recent performances of the following stocks: Chesapeake Energy Corp. (NYSE: CHK), Marathon Oil Corp. (NYSE: MRO), Southwestern Energy Co. (NYSE: SWN), and Occidental Petroleum Corp. (NYSE: OXY). Learn more about these stocks by downloading their free research reports in PDF format at:
On Wednesday, shares in Oklahoma headquartered Chesapeake Energy Corp. recorded a trading volume of 75.93 million shares, which was above their three months average volume of 55.89 million shares. The stock ended the day flat at 7.58%. The Company's shares have advanced 39.08% in the last one month and 68.44% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 21.35% and 41.72%, respectively. Furthermore, shares of Chesapeake Energy, which engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the US, have a Relative Strength Index (RSI) of 72.75.
On November 10th, 2016, research firm Jefferies upgraded the Company's stock rating from 'Underperform' to 'Hold'.
On December 06th, 2016, Chesapeake Energy announced that it has priced its private placement to eligible purchasers of $1.0 billion aggregate principal amount of 8.00% senior notes due 2025. The private placement was upsized from a previously announced amount of $750 million. The notes will bear interest at a rate of 8.00% per annum, payable semi-annually on January 15th and July 15th of each year, beginning on July 15th, 2017. The notes will mature on January 15th, 2025. Sign up and read the free research report on CHK at:
Houston, Texas headquartered Marathon Oil Corp.'s stock rose 0.38%, finishing yesterday's session at $18.42 with a total trading volume of 14.17 million shares. The Company's shares have gained 30.62% in the last month, 10.41% in the previous three months, and 48.96% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 20.88% and 34.12%, respectively. Additionally, shares of Marathon Oil, which operates as an energy company, have an RSI of 67.51.
On November 02nd 2016, Marathon Oil posted revenue of $1.23 billion in Q3 2016 down from revenue of $1.32 billion in Q3 2015. For Q3 2016, the company's net loss was $192 million, or $0.23 per diluted share, compared to net loss of $749 million, or 1.11 per share, in Q3 2015.
On November 18th, 2016, research firm Susquehanna initiated a 'Neutral' rating on the Company's stock. The complimentary research report on MRO can be downloaded at:
Shares in Spring, Texas-based Southwestern Energy Co. ended Wednesday's session 0.64% lower at $12.37. The stock recorded a trading volume of 12.38 million shares. The Company's shares have gained 22.60% in the last one month and 73.98% on an YTD basis. The stock is trading 5.71% above its 50-day moving average and 3.68% above its 200-day moving average. Moreover, shares of Southwestern Energy, which explores, develops, and produces natural gas and oil primarily in the US, have an RSI of 58.43.
On December 02nd, 2016, research firm Tudor Pickering downgraded the Company's stock rating from 'Buy' to 'Hold'. Register for free on Stock-Callers.com and access the latest report on SWN at:
At the close, Houston, Texas headquartered Occidental Petroleum Corp.'s stock dropped 2.51%, finishing at $68.64. A total volume of 8.38 million shares was traded, which was above their three months average volume of 5.38 million shares. The Company's shares have advanced 2.07% in the last month and 4.65% on an YTD basis. The stock is trading 3.14% below its 50-day moving average. Additionally, shares of Occidental Petroleum, which engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally, have an RSI of 44.63.
In an SEC filing dated November 07th, 2016, Occidental announced that it entered into an Underwriting Agreement on November 2nd, 2016, with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, pursuant to which Occidental agreed to issue and sell to the Underwriters $750,000,000 aggregate principal amount of its 3.00% senior notes due 2027 and $750,000,000 aggregate principal amount of its 4.10% senior notes due 2047. The estimated net proceeds from the offering were approximately $1.48 billion. Get free access to your research report on OXY at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA