Chesapeake Energy Corporation (CHK) : Traders are bullish on Chesapeake Energy Corporation (CHK) as it has outperformed the S&P 500 by a wide margin of 12.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 21.35%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 21.32% in the last 1 week, and is up 12.99% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Chesapeake Energy Corporation is up 63.71% in the last 3-month period. Year-to-Date the stock performance stands at 35.33%. The stock has recorded a 20-day Moving Average of 16.07% and the 50-Day Moving Average is 27.8%.
Chesapeake Energy Corporation (NYSE:CHK): The stock opened at $6.14 on Friday but the bulls could not build on the opening and the stock topped out at $6.22 for the day. The stock traded down to $5.93 during the day, due to lack of any buying support eventually closed down at $6.09 with a loss of -1.77% for the day. The stock had closed at $6.20 on the previous day. The total traded volume was 43,153,204 shares.
Also, 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 raises the price target from $5 per share to $6 per share on Chesapeake Energy Corporation. The rating by the firm was issued on August 18, 2016.
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.