Independent Oil & Gas Stocks on Investors' Radar -- Chesapeake Energy, Southwestern Energy, Marathon Oil, and Cobalt Intl.
NEW YORK, May 30, 2017 /PRNewswire/ --
Today, Stock-Callers.com revisits the Independent Oil and Gas space to see how current oil conditions have impacted the most recent performances of select equities. Under assessment today are: Chesapeake Energy Corp. (NYSE: CHK), Southwestern Energy Co. (NYSE: SWN), Marathon Oil Corp. (NYSE: MRO), and Cobalt International Energy Inc. (NYSE: CIE). According to a Reuters report, some non-OPEC producers agreed to extend a pledge to cut around 1.8 million barrels per day of output until the end of the first quarter of 2018. Producers have expressed confidence that this plan will bring down crude oil stocks to their five-year average of 2.7-billion barrels, but the market had hoped for a last-minute agreement on more far-reaching action. Learn more about these stocks by downloading their comprehensive and free reports at:
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Chesapeake Energy
Oklahoma City, Oklahoma headquartered Chesapeake Energy Corp.'s shares finished Friday's session 2.12% higher at $5.29. A total volume of 28.71 million shares was traded. The stock is trading below its 50-day moving average by 5.35%. Moreover, 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 (NGL) from underground reservoirs in the US, have a Relative Strength Index (RSI) of 42.72.
On May 22nd, 2017, Chesapeake Energy announced that the Company has priced its private placement to eligible purchasers of $750,000,000 aggregate principal amount of 8.00% senior notes due 2027. The notes will bear interest at a rate of 8.00% per annum, payable semi-annually on June 15th and December 15th of each year, beginning on December 15th, 2017. The notes will mature on June 15th, 2027. CHK complete research report is just a click away and free at:
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Southwestern Energy
Shares in Spring, Texas-based Southwestern Energy Co. ended the day 0.90% lower at $6.61 with a total trading volume of 16.40 million shares. The stock is trading 12.64% below its 50-day moving average. Shares of the Company, which engages in the exploration, development, and production of natural gas and oil in the US, have an RSI of 34.34. The complimentary report on SWN can be downloaded at:
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Marathon Oil
Houston, Texas headquartered Marathon Oil Corp.'s stock rose 0.15%, closing the session at $13.52. A total volume of 11.29 million shares was traded. The Company's shares are trading 10.64% below their 50-day moving average. Additionally, shares of Marathon Oil, which operates as an energy company, have an RSI of 32.79.
On May 04th, 2017, Marathon Oil reported Q1 2017 results. Net loss from continuing operations was $50 million, or $0.06 per diluted share, for the quarter, and adjusted net loss was $57 million, or $0.07 per diluted share. E&P production averaged 338,000 net boed, including 8,000 net boed from Libya. The Company also ended Q1 2017 with $2.5 billion of cash on the balance sheet. Sign up for your complimentary research report on MRO at:
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Cobalt Intl. Energy
On Friday, shares in Houston, Texas headquartered Cobalt International Energy Inc. finished the session 3.49% lower at $0.26. A total volume of 9.50 million shares was traded. The stock is trading below its 50-day moving average by 34.69%. Furthermore, shares of Cobalt International Energy, which through its subsidiaries, operates as an oil and gas exploration and production company primarily in the deepwater US Gulf of Mexico, have an RSI of 37.11.
On May 08th, 2017, Cobalt International Energy announced Q1 2017 results. Net loss was $306.3 million, or $0.69 per basic and diluted share, for Q1 2017, compared to a net loss of $46.6 million, or $0.11 per basic and diluted share, for Q1 2016. Cash, cash equivalents, short-term investments, and restricted cash were approximately $770.4 million as of March 31st, 2017. Get free access to your research report on CIE at:
http://stock-callers.com/registration/?symbol=CIE
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