Chesapeake Energy Corporation (CHK) : The total money flow in Chesapeake Energy Corporation (CHK) was negative ($2.61 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $29.42 million. Transactions on upticks were comparatively lower at $26.81 million. The uptick to downtick ratio was 0.91. The total block trades done on upticks were valued at $6.9 million. The total block trades on downticks were valued at $7.71 million. The uptick to the downtick ratio of block trades was 0.9. The money flow during block trades was negative ($0.8 million) when the stock traded with a gain of $4 cent. Chesapeake Energy Corporation (CHK) was $6.48, an increase of 0.54% over the previous days close.
Also, Deutsche Bank maintains their rating on the shares of Chesapeake Energy Corporation (NYSE:CHK). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $6 per share from $5 per share. The rating by the firm was issued on August 18, 2016.
Shares of Chesapeake Energy Corporation rose by 0.77% in the last five trading days and 27.9% for the last 4 weeks. Chesapeake Energy Corporation is up 48.97% in the last 3-month period. Year-to-Date the stock performance stands at 44.67%.
Chesapeake Energy Corporation (NYSE:CHK): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.51 and $6.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.51, notching a gain of 1.09% for the day. The total traded volume was 28,894,840 . The stock had closed at $6.44 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Chesapeake Energy Corp, Ryan Thomas L had purchased shares worth of $279,500 in a transaction dated on August 17, 2016. A total of 50,000 shares were purchased at a price of $5.59 per share. 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.