Chesapeake Energy Corporation (CHK) has been under a strong bear grip, hence the stock is down -6.1% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.71% in the past 1 week. The stock has risen by 4.25% in the past week indicating that the buyers are active at lower levels, but the stock is down -2% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.56% and the 50-Day Moving Average is 1.39%.
Chesapeake Energy Corporation (NYSE:CHK): The stock opened at $4.54 on Friday but the bulls could not build on the opening and the stock topped out at $4.66 for the day. The stock traded down to $4.41 during the day, due to lack of any buying support eventually closed down at $4.42 with a loss of -1.78% for the day. The stock had closed at $4.50 on the previous day. The total traded volume was 27,001,606 shares.
The company Insiders own 1.1% of Chesapeake Energy Corporation shares according to the proxy statements. Institutional Investors own 73.99% of Chesapeake Energy Corporation shares. 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.