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:
http://stock-callers.com/registration
Chesapeake Energy
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:
http://stock-callers.com/registration/?symbol=CHK
Marathon Oil
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:
http://stock-callers.com/registration/?symbol=MRO
Southwestern Energy
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:
http://stock-callers.com/registration/?symbol=SWN
Occidental Petroleum
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:
http://stock-callers.com/registration/?symbol=OXY
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