Marathon Oil Corporation (NYSE:MRO) agrees to acquire a 50% interest in the Rift Basin Area in Ethiopia from Africa Oil, which received Ethiopian government approval for the farmout agreement. Marathon Oil Corporation (NYSE:MRO) stock opened at $33.76 in last session, and closed at $33.87, while the day range of stock is $33.52 – $34.10. The stock showed a negative weekly performance of -0.47%.
Thomson Reuters/Verus upgraded shares of ConocoPhillips (NYSE:COP) from a hold rating to a buy rating in a report issued on Monday, American Banking News.com reports. ConocoPhillips (NYSE:COP) stock opened at $66.80, in last session and closed at $ 66.50, by gaining 0.29%. The 52 week range of the stock is $56.38 – $74.59. Company’s market capitalization is $81.54 billion.
Chesapeake Energy (NYSE:CHK) Director Thomas L. Ryan acquired 10,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, February 28th. Chesapeake Energy Corporation (NYSE:CHK) stock advanced 0.27% and finished the last session at $25.67. The EPS of the stock remained 1.36. Company’s market capitalization is $17.10 billion.
Forest Oil Corporation (NYSE:FST) plunged to an all-time low of $1.75 on Tuesday after the Law Offices of Howard G. Smith announced an investigation into the company. Forest Oil Corporation (NYSE:FST) stock opened the session at $1.93, and closed the session at $1.80. The 52 week range of the stock remained $1.75 – $6.67 and the day range was $1.75 – $1.96.
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