Chesapeake Energy Corporation (NYSE:CHK) has climbed 2.04% in the past week and advanced 21.24% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.26% and the outperformance has advanced to 20.13% for the last 4 weeks period.
Chesapeake Energy Corporation (NYSE:CHK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.39 and $4.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.51, notching a gain of 6.37% for the day. The total traded volume was 53,537,481 . The stock had closed at $4.24 on the previous day.
The company shares have dropped -61.75% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $12.06 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $4.58 and the 200 Day Moving Average price is recorded at $4.21.
On the companys insider trading activities, 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.
Many analysts have stated their opinion on the company shares. Deutsche Bank maintains its view on Chesapeake Energy Corporation (NYSE:CHK) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank lowers the price target from $7 per share to $4 per share on Chesapeake Energy Corporation. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 1.1% of Chesapeake Energy Corporation shares according to the proxy statements. Institutional Investors own 73.89% of Chesapeake Energy Corporation shares.
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.