Today's Research Reports on Trending Tickers: Chesapeake Energy Corporation and Exxon Mobil Corporation
NEW YORK, NY / ACCESSWIRE / August 29, 2017 / U.S. markets were dragged down by energy and insurance shares Monday as Hurricane Harvey wreaked Havoc in Texas over the weekend. The Dow Jones Industrial Average declined 0.02 percent to close at 21,808.40, while the S&P 500 Index gained 0.05 percent to close at 2,444.24. The NASDAQ Composite Index gained 0.28 percent to close at 6,283.02.
"West Texas oil futures fell as the market expects that refineries will demand less oil as they take weeks, maybe longer, to come back on line," said Phil Flynn, senior market analyst at Price Futures Group, in a note. "Brent crude, on the other hand, stayed stronger as the U.S. will demand product from Europe as well as some shut down of Libyan oil production over the weekend."
RDI Initiates Coverage on:
Chesapeake Energy Corporation
https://rdinvesting.com/news/?ticker=CHK
Exxon Mobil Corporation
https://rdinvesting.com/news/?ticker=XOM
Chesapeake Energy Corporation's stock moved 3.69% lower Monday, to close the day at $3.65. The stock recorded a trading volume of 40,486,003 shares, which was above its three months average volume of 35,068,700 shares. In the last year Chesapeake Energy Corporation's shares have traded in a range of 3.59 - 8.20. The stock is currently trading 55.49% below its 52 week high. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $4.46 is below its 200-day moving average of $5.19. Shares of Chesapeake Energy have fallen approximately 48.01 percent year-to-date.
Access RDI's Chesapeake Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CHK
On Monday, shares of Exxon Mobil Corporation recorded a trading volume of 8,229,665 shares, which was below the three months average volume of 11,260,400 shares. The stock ended the day 0.33% lower at 76.47. The stock is currently trading 17.96% below its 52 week high with a 52 week trading range of 76.05 - 93.21.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $79.36 is below its 200-day moving average of $81.22. Shares of Exxon Mobil Corporation are trading at a Price to Earnings ratio of 27.57. Shares of Exxon Mobil have fallen approximately 15.28 percent year-to-date.
Access RDI's Exxon Mobil Corporation Research Report at:
https://rdinvesting.com/news/?ticker=XOM
Our Actionable Research on Chesapeake Energy Corporation (NYSE: CHK) and Exxon Mobil Corporation (NYSE:XOM) can be downloaded free of charge at Research Driven Investing.
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