NEW YORK, January 23, 2017 /PRNewswire/ --
Stock-Callers.com is monitoring four Independent Oil and Gas equities to see how current oil prices have influenced their recent performances: Chesapeake Energy Corp. (NYSE: CHK), Southwestern Energy Co. (NYSE: SWN), Marathon Oil Corp. (NYSE: MRO), and Occidental Petroleum Corp. (NYSE: OXY). On Friday, January 20th, 2017, oil prices rose more than 2% on expectations that the world's top oil producers would demonstrate compliance to a global output cut deal over the weekend. Brent crude ended the session up $1.33, or 2.5%, at $55.49 a barrel, while US crude for February delivery closed up by $1.05, or 2%, at $52.42 a barrel before expiring. Learn more about these stocks by downloading their free research reports in PDF format at:
Last Friday at the close, shares in Oklahoma City, Oklahoma headquartered Chesapeake Energy Corp. ended 1.06% higher at $6.69 with a total trading volume of 32.94 million shares. The stock is trading above its 200-day moving average by 15.36%. Shares of the Company, 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 44.08.
On January 20th, 2017, Chesapeake Energy announced that its Board of Directors has reinstated the payment of dividends on its outstanding convertible preferred stock. The company reported that holders of record on February 01st, 2017 for the 4.5%, 5.0%, 5.75%, and 5.75% (Series A) Convertible Preferred Stock will receive four quarterly payments of dividends of amount per Share (four quarters in arrears) of $4.50, $5.00, $57.50, and $57.50, respectively on February 15th, 2017. For the current quarter, the Board of Directors also declared dividends on each series of its outstanding preferred stock. Holders of outstanding 5.0% (Series 2005B), 5.75%, and 5.75% (Series A) Convertible Preferred Stock on February 01st, 2017 will receive current quarterly dividends of $1.25, $14.375, and $14.375, respectively on February 15th, 2017. Holders of the 4.5% Convertible Preferred Stock on March 01st, 2017 will receive current quarterly dividends of $1.125 on March 15th, 2017. Sign up and read the free research report on CHK at:
Spring, Texas-based Southwestern Energy Co.'s stock finished Friday's session 1.05% lower at $9.41 with a total trading volume of 14.22 million shares. The Company's shares are trading below their 50-day moving average by 13.00%. Shares of the Company, which explores for, develops, and produces natural gas and oil primarily in the US, have an RSI of 36.16.
On January 04th, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'. The complimentary research report on SWN can be downloaded at:
Shares in Houston, Texas headquartered Marathon Oil Corp. ended the session 1.97% higher at $17.61. A total volume of 11.18 million shares was traded. The stock has gained 20.61% in the previous three months and 1.73% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 2.57% and 18.42%, respectively. Moreover, shares of Marathon Oil, which operates as an energy company, have an RSI of 52.64. Register for free on Stock-Callers.com and access the latest report on MRO at:
Houston, Texas headquartered Occidental Petroleum Corp.'s shares recorded a trading volume of 4.23 million shares, and closed the day 0.20% lower at $68.59. The stock is trading 1.49% below its 50-day moving average. Shares of the Company, which engages in the acquisition, exploration, and development of oil and gas properties in the US and internationally, have an RSI of 40.31.
On January 04th, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On January 17th, 2017, Occidental Petroleum announced that it will hold a conference call on February 09th, 2017, at 10 a.m. ET, following the release of its Q4 2016 financial results. Get free access to your research report on OXY at:
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