Large Outflow of Money Witnessed in Chesapeake Energy Corporation

Chesapeake Energy Corporation (CHK) : The total negative money flow of $6.25 million on Friday indicates selling on strength. The inflow of money on upticks was $66.28 million, compared to $72.53 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.91. The negative money flow of $1.78 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $13.86 million in a block trade.The transaction value of block trade on downtick was $12.08 million. The uptick to downtick ratio was 1.15. The price action in the Chesapeake Energy Corporation (CHK) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $5.39 with a gain of $0.42 , a change of 8.45% over the previous days close. The stock registered 21.95% for the week.


Chesapeake Energy Corporation (CHK) : Average target price received by Chesapeake Energy Corporation (CHK) is $4.75 with an expected standard deviation of $1.76. The most aggressive target on the stock is $8, whereas the most downbeat target is $1. 12 financial analysts are currently covering the stock.

Chesapeake Energy Corporation (NYSE:CHK): stock turned positive on Friday. Though the stock opened at $5.14, the bulls momentum made the stock top out at $5.5 level for the day. The stock recorded a low of $5.01 and closed the trading day at $5.39, in the green by 8.45%. The total traded volume for the day was 65,448,401. The stock had closed at $4.97 in the previous days trading.

In a related news, Ryan Thomas L, director of Chesapeake Energy Corp, had purchased 10,000 shares on November 19, 2015. The total value of the transaction was $54,700. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Chesapeake Energy Corporation is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression operating segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. The Company owns interests in approximately 45,100 oil and natural gas wells that produced an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company also own oil and natural gas marketing and natural gas gathering and compression businesses. As of December 31, 2014, the Company held an interest in approximately 45,100 gross productive wells, including 33,600 properties in which it held a working interest and 11,500 properties in which it held an overriding royalty interest.

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