Shares of Chesapeake Energy Corporation (CHK) Sees Large Outflow of Money

Chesapeake Energy Corporation (CHK) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($10.16 million) and the uptick to downtick ratio was 0.75. The transaction value on upticks was $29.86 million and on downticks, the transaction value was $40.02 million. In block trades, the transaction value of inflow done during uptick was $5.3 million. The transaction value of block trades during downticks was $10.72 million. The uptick to downtick block trade ratio was 0.49. The money flow was negative ($5.43 million), indicating the traders were booking profit on the price strength. Chesapeake Energy Corporation (CHK) rose $0.24 at $4.74, during intraday Wednesday , a rise of 5.33% over the previous days close.


Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Chesapeake Energy Corporation (NYSE:CHK). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank lowers the price target from $7 per share to $4 per share. The rating by the firm was issued on June 14, 2016.

Chesapeake Energy Corporation (NYSE:CHK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.41 and $4.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.74, notching a gain of 5.33% for the day. The total traded volume was 36,837,781 . The stock had closed at $4.50 on the previous day.

The stock has recorded a 20-day Moving Average of 7.7% and the 50-Day Moving Average is 9.96%. In a related news, Ryan Thomas L, director of Chesapeake Energy Corp had purchased 10,000 shares on November 19, 2015 in a transaction. The price per share was $5.47 and the total amount of the disclosed transaction was $54,700.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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