Currently, the stock of Marathon Oil Corporation (NYSE:MRO) is gaining momentum which is shown by the momentum indicators. There is one more up move pending in the stock of Marathon Oil Corporation (NYSE:MRO) that may complete near $39.5 and once if stock manages to close above $40 a big up move may come into the picture that may even take stock to $50 within few months of closing above $40. Investors having long positions must hold Marathon Oil Corporation (NYSE:MRO)’s stock with the stop losses below $28.85 below which the stock may show more weakness.Marathon Oil Corporation (NYSE:MRO) shares after opening at $35.41 moved to $35.63 on last trade day and at the end of the day closed at $35.54. Company price to sales ratio in past twelve months was calculated as 1.64 and price to cash ratio as 93.13. Marathon Oil Corporation (NYSE:MRO) showed a positive weekly performance of 1.83%.
ConocoPhillips (NYSE:COP) (NYSE:COP) is giving $6 million to Texas A&M University to help construct a new complex that will serve as the hub for undergrad engineering classes. ConocoPhillips (NYSE:COP) shares advanced 0.90% in last trading session and ended the day on $71.51. COP return on equity ratio is recorded as 18.30% and its return on assets is 7.80%. ConocoPhillips (NYSE:COP) yearly performance is 30.23%.
EXCO Resources Inc (NYSE:XCO) announced on 11th April, pricing of its senior notes offer, as a follow up to its 7th April announcement about the offer. The senior notes are scheduled to mature in 2022 and will attract interest component of 8.5 percent. The exercise is expected to net the firm close to $500 million, part of which, it would be using to retire term debt ahead of schedule and use the rest for reducing its exposure to revolving credit lien. The notes offer is expected to close on 16th April. EXCO Resources Inc (NYSE:XCO) shares moved down -0.17% in last trading session and was closed at $5.83, while trading in range of $5.68-$5.86. EXCO Resources Inc (NYSE:XCO) year to date performance is 10.84%.
The second largest gas producers in the US Chesapeake Energy Corporation (NYSE:CHK) announced via press release that is has decided to price its public offering of $3.0 billion senior notes at par value. The notes would be issued in two separate tranches. The first tranch would be $1.5 billion Floating Rate Senior Notes due 2019 which would be issued with a coupon of LIBOR plus 3.25%, which would be reset every quarter. The second tranche would be another $1.5 billion fixed rate note with a coupon 4.875% Senior Notes due 2022. The company expects the issuance and delivery of the two tranches to occur by April 24, 2014, subject to customary closing conditions.Chesapeake Energy Corporation (NYSE:CHK) weekly performance is 3.25%. On last trading day company shares ended up $26.72. Chesapeake Energy Corporation (NYSE:CHK) distance from 50-day simple moving average is 4.48%. Analysts mean target price for the company is $27.83.
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