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:
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