Large Outflow of Money Witnessed in Chesapeake Energy Corporation

Chesapeake Energy Corporation (CHK) : The value of composite uptick trades was $57.55 million, whereas, the value of composite downtick trades was $65.98 million. The uptick to downtick ratio stood at 0.87 with a negative money flow of ($8.44) Million during Wednesdays trading session. The block trades money flow was negative ($5.82 million).The uptick to the downtick ratio of 0.71 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $14.44 million. The transaction of the trades on downticks amounted to $20.25 million, which confirms investors selling on the strength of price. Chesapeake Energy Corporation (CHK) gained 51 cents at $6.74, an increase of 8.19% over the previous days close.


Shares of Chesapeake Energy Corporation rose by 0.15% in the last five trading days and 4.81% for the last 4 weeks. Chesapeake Energy Corporation is up 52.71% in the last 3-month period. Year-to-Date the stock performance stands at 50%.

Chesapeake Energy Corporation (CHK) : 20 analysts are covering Chesapeake Energy Corporation (CHK) and their average rating on the stock is 3.4, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 7 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Chesapeake Energy Corporation (NYSE:CHK): The stock opened at $6.29 and touched an intraday high of $6.8 on Wednesday. During the day, the stock corrected to an intraday low of $6.21, however, the bulls stepped in and pushed the price higher to close in the green at $6.75 with a gain of 8.35% for the day. The total traded volume for the day was 56,753,389. The stock had closed at $6.23 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.