Chesapeake Oilfield Operating, L.L.C., an indirect wholly-owned subsidiary of Chesapeake Energy Corporation (NYSE:CHK) that will be renamed Seventy Seven Energy Inc. in connection with its previously announced spin-off from Chesapeake, announced the pricing of $500 million in aggregate principal amount of 6.5% senior unsecured notes due 2022 (the “Notes”) in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers. The Notes mature on July 15, 2022 and will be issued at par. Chesapeake Energy Corporation (NYSE:CHK) net profit margin is 4.40% and weekly performance is 2.08%. On last trading day company shares ended up $30.49. Analysts mean target price for the company is $30.47. Chesapeake Energy Corporation (NYSE:CHK) distance from 50-day simple moving average (SMA50) is 7.74%.
Analysts at Jefferies Group started coverage on shares of Marathon Oil Corporation (NYSE:MRO) in a research report issued to clients and investors on Friday. The firm set a “buy” rating and a $45.00 price target on the stock. Jefferies Group’s target price suggests a potential upside of 14.94% from the company’s current price. Marathon Oil Corporation (NYSE:MRO) shares advanced 1.74% in last trading session and ended the day on $39.15. Gross Margin is 68.40% and its return on assets is 7.10%. Marathon Oil Corporation (NYSE:MRO) quarterly performance is 19.72%.
CONSOL Energy Inc. (NYSE:CNX) announced that CONSOL Energy and its Marcellus Shale joint venture partner, Noble Energy, Inc., intend to form a master limited partnership (MLP) to provide midstream gathering services for production from their jointly owned acreage in the Marcellus Shale. CONSOL Energy Inc. (NYSE:CNX) shares moved down -4.64% in last trading session and was closed at $44.82, while trading in range of $44.48 – $47.29. CONSOL Energy Inc. (NYSE:CNX) year to date (YTD) performance is 18.20%.
Suncor Energy Inc. (USA) (NYSE:SU) the nation’s largest energy company by market value, advanced 2.8 percent to C$41.74. Suncor Energy Inc. (USA) (NYSE:SU) ended the last trading day at $41.82. Company weekly volatility is calculated as 1.55% and price to cash ratio as 13.76. Suncor Energy Inc. (USA) (NYSE:SU) showed a positive weekly performance of 7.84%.
Denbury Resources Inc. (NYSE:DNR) has been active in the CO2-pipeline world, laying the 232-mile, $300 million Greencore pipeline recently as a “trunk line” that could spur out to many depleted fields. Denbury Resources Inc. (NYSE:DNR) net profit margin is 14.80% and weekly performance is 3.64%. On last trading day company shares ended up $17.66. Analysts mean target price for the company is $20.26. Denbury Resources Inc. (NYSE:DNR) distance from 50-day simple moving average (SMA50) is 4.65%.