Marathon Oil Corporation (NYSE:MRO):
The Company moved -1.05% down right now and is at $11.31. Stock is trading in the real-time trading session with the total volume of 10.45 million shares, as compared to its average volume of 46.36 million shares. The 52-week range of the share price is from $6.52 – $31.53. The beta value for this stock stands at 2.08 points, while its earnings per share (EPS) was $-3.26. The company has total market capitalization of $9.15 billion and a total of 821.95 million outstanding shares.
Marathon Oil Corporation (MRO) announced that it has priced an upsized underwritten public offering of 145 million shares of its common stock, at a price to the public of $7.65 per share. In connection with the upsized offering, Marathon Oil has granted the underwriters a thirty day option to purchase up to 21,750,000 additional shares of its common stock.
Marathon Oil intends to use the net proceeds of the proposed offering to strengthen its balance sheet and for general corporate purposes, including funding a portion of its capital program. The offering is expected to close on March 4, 2016, subject to customary closing conditions.
Encana Corporation (USA) (NYSE:ECA):
The Company declined 1.17% and is at $6.05 in the Real-Time trading session. Trading volume recorded for this company is about 4.07 million shares as compared to its average volume of 21.54 million shares. The share price rushed almost 93.77% in the last one month. The stock is ranging from $5.86 to $6.12. The company has the total of 849.80 billion outstanding shares right now, while its market capitalization is about $5.05 billion.
Encana Corporation (USA) (ECA) together with its subsidiaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. The company owns interests in plays, such as the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations, including Wheatland in southern Alberta, Deep Panuke located offshore Nova Scotia, and Horn River in northeast British Columbia. It also holds interests in plays that comprise the Eagle Ford in south Texas; Permian in west Texas; DJ Basin in northern Colorado; San Juan in northwest New Mexico; Piceance in northwest Colorado; and Tuscaloosa Marine Shale in east Louisiana and west Mississippi. Encana Corporation primarily markets its products to refiners, local distribution companies, energy marketing companies, and electronic exchanges.