Oil & Gas Stocks Under Review -- Chesapeake Energy, Marathon Oil, Southwestern Energy, and Cobalt Intl. Energy

Sep 15, 2016, 07:30 ET from Chelmsford Park SA

NEW YORK, September 15, 2016 /PRNewswire/ --

Stock-Callers.com has initiated research reports on the following Independent Oil and Gas companies: Chesapeake Energy Corp. (NYSE: CHK), Marathon Oil Corp. (NYSE: MRO), Southwestern Energy Co. (NYSE: SWN), and Cobalt International Energy Inc. (NYSE: CIE). On Tuesday, September 13, 2016, the International Energy Agency lowered its forecast for global oil demand by about 100,000 barrels a day for 2016 and about 200,000 barrels a day for 2017. Let us see how this has impacted the recent performances of the aforementioned stocks. Learn more about these stocks by downloading their free research reports in PDF format at:


Chesapeake Energy  

Oklahoma City, Oklahoma headquartered Chesapeake Energy Corp.'s shares saw a decline of 2.85% and finished Wednesday's trading session at $7.17. A total volume of 45.51 million shares was traded, which was above their three months average volume of 42.80 million shares. In the last one month and the previous three months, the stock has advanced 30.36% and 67.52%, respectively. Additionally, the Company's shares have surged 59.33% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 29.39% and 57.34%, 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 US, have a Relative Strength Index (RSI) of 60.85.

On September 13th, 2016, Chesapeake Energy announced the expiration and final results of its offers to purchase for cash up to $750,000,000 aggregate purchase price, of its outstanding notes. As of September 12th, 2016, Chesapeake received valid tenders totaling approximately $790.4 million aggregate principal amount of the Notes.

On September 13th, 2016, research firm FBR Capital initiated an 'Underperform' rating on the Company's stock, issuing a target price of $5 per share. Sign up and read the free research report on CHK at:


Marathon Oil  

On Wednesday, shares in Houston, Texas headquartered Marathon Oil Corp. recorded a trading volume of 18.83 million shares, which was higher than their three months average volume of 18.53 million shares. The stock ended the session 2.30% lower at $14.01. The Company's shares have gained 7.64% in the previous three months and 12.91% since the start of this year. The stock is trading 11.83% above its 200-day moving average. Furthermore, shares of Marathon Oil, which operates as an energy company, have an RSI of 38.58.

On August 22nd, 2016, Marathon Oil announced that T. Mitch Little has been promoted to executive vice president, Operations, and will oversee the Resource Play and Conventional businesses. Mr. Little previously served as managing director of Marathon Oil Norge AS.

On September 12th, 2016, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'. The complimentary research report on MRO can be downloaded at:


Southwestern Energy  

Shares in Spring, Texas-based Southwestern Energy Co. closed the day at $13.89, down 2.11%. The stock recorded a trading volume of 11.95 million shares. The Company's shares have gained 7.01% in the previous three months and 95.36% on an YTD basis. The stock is trading 0.04% above its 50-day moving average and 31.36% above its 200-day moving average. Additionally, shares of Southwestern Energy, which explores for, develops, and produces natural gas and oil primarily in the US, have an RSI of 47.24. Register for free on Stock-Callers.com and access the latest report on SWN at:


Cobalt Intl. Energy  

At the closing bell yesterday, shares in Houston, Texas-based Cobalt International Energy Inc. ended 16.85% lower at $0.90. A total volume of 12.17 million shares was traded, which was above their three months average volume of 6.86 million shares. The stock is trading below its 50-day moving average by 30.20%. Furthermore, shares of Cobalt International Energy, which through its subsidiaries, operates as an oil and gas exploration and production company primarily in the deepwater U.S. Gulf of Mexico, have an RSI of 31.40.

On August 18th, 2016, research firm Tudor Pickering upgraded the Company's stock rating from 'Hold' to 'Buy'.

As per notes filed with the SEC on August 22nd, 2016, the purchase and sale agreement between Cobalt International Energy Angola Ltd., a wholly-owned subsidiary of Cobalt International Energy, Inc., and Sociedade Nacional de Combust veis de Angola-Empresa Pblica ("Sonangol") was automatically terminated. On August 22, 2015, Cobalt Angola executed the Purchase and Sale Agreement with Sonangol for the sale by Cobalt Angola to Sonangol of the entire issued and outstanding share capital of CIE Angola Block 20 Ltd. and CIE Angola Block 21 Ltd., for aggregate gross consideration of $1.75 billion. The closing of the sale was subject to Angolan government approvals. As the requisite Angolan government approvals were not received within one year, the Purchase and Sale Agreement automatically terminated. Get free access to your research report on CIE at:



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