Ned Davis Research upgraded shares of EXCO Resources Inc (NYSE:XCO) from a sell rating to a neutral rating in a report released on Monday. Company’s net profit margin is -20.20% and weekly performance is -0.76%. On last trading day company shares ended up $5.25. Analysts mean target price for the company is $4.25. EXCO Resources Inc (NYSE:XCO) distance from 50-day simple moving average (SMA50) is -7.14%.
Chesapeake Energy Corporation (NYSE:CHK) reported first quarter results of 2014 with higher net income of $466 million due to increasing production of across all businesses. During 1Q2014, Chesapeake Energy Corporation (NYSE:CHK) increased the overall production capacity with 20% YoY in average daily oil production, 63% YoY increase in average daily NGL production and 4% YoY increase in natural gas production. In addition, higher realized natural gas price increased the overall revenue by 47% to $5 billion from $3.4 billion in 1Q2013. Chesapeake Energy Corporation (NYSE:CHK) shares advanced 0.54% in last trading session and ended the day on $28.17. CHK Gross Margin is 88.70% and its return on assets is 2.00%. Chesapeake Energy Corporation (NYSE:CHK) quarterly performance is 6.06%.
US-based DTE Energy’s Gas Storage and Pipeline segment has secured long-term gathering commitments with Southwestern Energy Company (NYSE:SWN) and Cabot Oil & Gas Corp. which will significantly expand the Bluestone Pipeline. Southwestern Energy Company (NYSE:SWN) shares moved down -0.20% in last trading session and was closed at $44.92, while trading in range of $44.52 – $45.42. Southwestern Energy Company (NYSE:SWN) year to date (YTD) performance is 14.21%.
Tomorrow morning the Texas Railroad Commission considers whether or not a groundwater district has the standing to protest the permitting of waste water disposal wells. The commission is tasked with regulating the oil and gas industry. Marathon Oil Company (NYSE:MRO) has disputed the idea that Gonzales Underground Water Conservation District, or any water district, has the legal standing to challenge permit applications to the commission. Marathon Oil Corporation (NYSE:MRO) ended the last trading day at $35.95. Company weekly volatility is calculated as 1.40% and price to cash ratio as 12.38. Marathon Oil Corporation (NYSE:MRO) showed a negative weekly performance of -1.21%.
Russian stocks declined for the first time in five days as investors sought more details of OAO Gazprom OAO (ADR) (OTCMKTS:OGZPY)’s $400 billion accord to supply gas to China, expectations for which had driven a two-month rally. Gazprom OAO (ADR) (OTCMKTS:OGZPY) on last trading day company shares ended up $8.62.