Independent Oil & Gas Stocks Technical Notes -- Chesapeake Energy, Marathon Oil, Southwestern Energy, and Triangle Petroleum

Jul 29, 2016, 07:40 ET from Chelmsford Park SA

NEW YORK, July 29, 2016 /PRNewswire/ -- focus is directed on the Independent Oil and Gas space, which is starting to adapt to lower oil prices. Despite declining revenues, optimism persists as the industry slowly reconstructs and repositions itself for growth by the end of the year. Ahead of today's session, we have selected the following equities for review: Chesapeake Energy Corp. (NYSE: CHK), Marathon Oil Corp. (NYSE: MRO), Southwestern Energy Co. (NYSE: SWN), and Triangle Petroleum Corp. (NYSEMKT: TPLM). Learn more about these stocks by accessing their free notes at:

Chesapeake Energy  

Shares in Oklahoma City, Oklahoma headquartered Chesapeake Energy Corp. ended Thursday's session flat at $5.19. The stock recorded a trading volume of 33.22 million shares. The Company's shares have gained 21.26% in the last one month and 15.33% since the start of this year. The stock is trading 17.19% and 9.89% above its 50-day and 200-day moving averages, respectively. 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 from underground reservoirs in the U.S., have a Relative Strength Index (RSI) of 60.46.

On July 14th, 2016, Chesapeake Energy announced that it has scheduled its Q2 2016 financial results release before market open on August 4th, 2016. A conference call to discuss the results has been scheduled for the same day at 9:00 am EDT.

On July 27th, 2016, research firm Johnson Rice upgraded the Company's stock ratings from 'Hold' to 'Accumulate'. Free notes on CHK are available at:

Marathon Oil  

Houston, Texas headquartered Marathon Oil Corp.'s stock rose 1.68%, closing the day at $13.35 with a total volume of 16.67 million shares traded. The Company's shares have advanced 7.23% on an YTD basis. The stock is trading 2.24% above its 200-day moving average. Additionally, shares of Marathon Oil, which operates as an energy company, have an RSI of 40.26.

On July 08th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating with an increase of the target price to $16 a share from $14 a share for the Company's stock.

On July 14th, 2016, Marathon Oil announced that it has achieved first gas production through its new Alba B3 offshore compression platform off Equatorial Guinea. Production from the B3 platform allows Marathon Oil to convert approximately 130 million barrels of oil equivalent of proved undeveloped reserves, more than doubling the Company's remaining proved developed reserve base in EG. The complimentary notes on MRO can be accessed at:

Southwestern Energy  

On Thursday, Spring, Texas-based Southwestern Energy Co.'s stock recorded a trading volume of 11.39 million shares, and ended the day 1.47% higher at $14.46. The Company's shares have gained 4.10% in the past month, 13.15% in the previous three months, and 103.38% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.56% and 43.16%, respectively. Furthermore, shares of Southwestern Energy, which explores for, develops, and produces natural gas and oil primarily in the U.S., have an RSI of 58.21.

On July 21st, 2016, Southwestern Energy reported Q2 2016 results with adjusted net loss attributable to common stock at $34 million, or $0.09 per diluted share, as compared to adjusted net loss attributable to common stock of $9 million, or $0.02 per diluted share, in Q2 2015. Net cash provided by operating activities was $73 million for Q2 2016, compared to $399 million in Q2 2015. Exceeded previously issued production guidance for the quarter by 5% and the company also raised total year production guidance range by 45 Billions of Cubic Feet Equivalent (BCFE), or 5%, to 865 Bcfe to 875 Bcfe.

On July 25th, 2016, research firm National Securities upgraded the Company's stock ratings from 'Neutral' to 'Buy'. Visit us today and access our complete notes on SWN at:

Triangle Petroleum  

Denver, Colorado headquartered Triangle Petroleum Corp.'s stock declined 9.75%, finishing yesterday's session at $0.22 and with a total volume of 635,935 shares traded. Shares of the Company, which engages in the exploration, development, and production of oil and natural gas properties in the U.S., are trading below their 50-day moving average by 23.20%. The stock has an RSI of 46.89.

On June 29th, 2016, Triangle USA Petroleum Corporation ("TUSA") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court. TUSA is a wholly-owned subsidiary of Triangle Petroleum. However, Triangle Petroleum and its affiliated company, RockPile Energy Services, LLC, is not included in TUSA's Chapter 11 filing. TUSA expects to continue its operations without interruption and has more than adequate liquidity to fund its operations during the restructuring process. Get free access to your notes on TPLM at:


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SOURCE Chelmsford Park SA