A three-judge panel of the 10th Circuit Court of Appeals on Tuesday ruled in favor of Oklahoma City-based Chesapeake Energy Corp., upholding a lower court’s dismissal of a lawsuit filed by shareholders. Chesapeake shareholders Dvora and Steven Weinstein in 2012 sued the Chesapeake executives, saying they misled shareholders through “false statements and omissions” about two financial obligations. Chesapeake Energy Corporation (NYSE:CHK) net profit margin is 4.40% and weekly performance is 0.24%. On last trading day company shares ended up $29.31. Analysts mean target price for the company is $30.96. Chesapeake Energy Corporation (NYSE:CHK) distance from 50-day simple moving average is 4.88%.
ConocoPhillips has achieved first production from an appraisal well that extends the limits of the Jade gas/condensate field in the J-Area of the UK North Sea. ConocoPhillips (NYSE:COP) shares fell -0.28% in last trading session and ended the day on $85.80. COP Gross Margin is 44.60% and its return on assets is 7.70%. ConocoPhillips (NYSE:COP) quarterly performance is 23.54%.
Cabot Oil & Gas Co. (NYSE:COG) General Counsel George Kevin Cunningham sold 2,950 shares of Cabot Oil & Gas Co. stock on the open market in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $34.20, for a total transaction of $100,890.00. Following the transaction, the general counsel now directly owns 36,503 shares of the company’s stock, valued at approximately $1,248,403. Cabot Oil & Gas Corporation (NYSE:COG) shares moved up 0.81% in last trading session and was closed at $34.89, while trading in range of $34.50-$34.94. Cabot Oil & Gas Corporation (NYSE:COG) year to date performance is -9.89%.
On June 19,2014 Marathon Oil (NYSE:MRO)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays in a note issued to investors on Thursday. Marathon Oil Corporation (NYSE:MRO) ended the last trading day at $39.57. Company weekly volatility is calculated as 1.15% and price to cash ratio as 13.62. Marathon Oil Corporation (NYSE:MRO) showed a negative weekly performance of -0.48%.
On June 27,2014 The Hess Corporation, an integrated oil company, requested council’s permission to conduct a geotechnical survey on property that the village owns in the Industrial Park area. The preliminary survey could lead to the planning and engineering of a future well pad site. Hess Corp. (NYSE:HES) net profit margin is 17.10% and weekly performance is -0.58%. On last trading day company shares ended up $99.03. Analysts mean target price for the company is $100.48. Hess Corp. (NYSE:HES) distance from 50-day simple moving average is 6.96%.