|Bid||0.00 x 1000|
|Ask||0.00 x 3100|
|Day's Range||3.97 - 4.51|
|52 Week Range||2.86 - 4.51|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.67|
This week, crude oil (USO) prices increased ~2.6% from last week’s close of $70.70 per barrel to $71.49 per barrel by Thursday. Unleaded gasoline (UGA) and heating oil prices are up ~2.5% and ~2.7% so far this week.
In this part, we’ll discuss the top percentage gainers from the upstream sector in the US for the week starting on May 14. In the week starting on May 14, Legacy Reserves LP (LGCY) increased from last week’s close of $7.99 to $9.65 on May 16—an increase of ~21%. The company increased ~11% on Wednesday—more than the 30-day average volume. In the first quarter, Legacy Reserves reported revenues of ~$ 137 million—worse than analysts’ consensus of ~$143 million.
For the week starting on May 14, crude oil (USO) prices increased ~1.1% or from last week’s close of $70.70 per barrel to $71.49 per barrel by Wednesday. Unleaded gasoline (UGA) and heating oil prices have risen ~2.8% and ~2.1% this week.
Chesapeake Energy (CHK) was a big mover last session, as the company saw its shares rise more than 9% on the day amid huge volumes.
Between May 10 and May 17, natural gas June futures rose 1.6%, and implied volatility rose 0.5%. Since March, these two variables have broadly diverged. Price forecast
Chesapeake Energy Stock: Is the Crude Oil Price Rally Enough? On May 15, the short interest as a percentage of float (or short interest ratio) in Chesapeake Energy (CHK) stock was ~21.3%. In May 2017, the short interest ratio was ~18%. The short interest in Chesapeake Energy stock started rising early this year.
Approximately 65.5% of the Wall Street analysts rated Chesapeake Energy (CHK) stock as a “hold,” ~10.3% rated it as a “buy,” and 17.2% rated it as “underperform.”
Between May 9 and May 16, our list of natural gas–weighted stocks rose 6.6% compared to a 2.8% upside in natural gas June futures.
Shares of Chesapeake Energy Corp. charged up 5.1% very active afternoon trade Thursday, putting them on track to extend their win streak to seven sessions and to close at a four-month high. The win streak would be the longest since the seven-day stretch ending July 3, while the 32.0% gain during the current streak with be the biggest 7-day gain since it ran up 38.2% during the seven sessions ending March 11, 2016.
The current implied volatility for Chesapeake Energy stock (CHK) is ~48.5%. In comparison, Cabot Oil & Gas (COG) and EQT (EQT) have lower implied volatilities of ~30.1% and ~33.7%, respectively. Meanwhile, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of ~16.5%.
Chesapeake Energy (CHK) stock increased 18.5% in the week ending May 15. The stock was supported by higher crude oil prices (DBO) (UCO). Crude oil prices stayed strong at more than $70 per barrel last week. Read Is $73 Possible for US Crude Oil Until Next Week? for the latest updates on crude oil prices.
Moody's Investors Service (Moody's) placed the ratings of The Williams Companies, Inc. (Williams) under review for upgrade, including the Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating (PDR), and the Ba2 senior unsecured ratings. Moody's also changed the rating outlooks to stable from positive for Williams Partners, LP (WPZ) and its wholly-owned pipeline subsidiaries, Northwest Pipeline GP (Northwest) and Transcontinental Gas Pipeline Company, LLC (Transco).
NEW YORK, NY / ACCESSWIRE / May 16, 2018 / U.S. markets slumped Tuesday, with the Dow Jones breaking an 8-day win streak, as interest rates surged to new highs. The Dow Jones Industrial Average declined 0.78 percent to close at 24,706.41, while the S&P 500 Index fell 0.68 percent to close at 2,711.45. Fundamentals aren't improving enough to justify valuations, and when one considers that with the backdrop of a Fed that's raising interest rates, the market will start re-rating its risk profile.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said he would not buy Chesapeake Energy Corporation (NYSE: CHK ) because there's too much natural gas. Cramer would take profits in Adaptimmune ...
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. Clorox : "Clorox is caught up in this whole vortex of the 10-year Treasury going above 3 percent yield.
On May 8, short interest as a percentage of float in Chesapeake Energy (CHK) stock was ~20.4%. A year ago, its short interest ratio was ~16%.
Approximately 65.5% of analysts covering Chesapeake Energy (CHK) have recommended “hold,” ~10.3% have recommended “buy,” and 17.2% have rated it “underperform.” Their average target price of $3.67 for Chesapeake Energy stock implies a ~17% return over the next 12 months. The highest analyst target price for CHK stock is $6, and the lowest is ~$1.50.
Chesapeake Energy stock’s (CHK) implied volatility is ~51.8%. In comparison, Noble Energy (NBL) and Antero Resources (AR) have lower implied volatility, of ~30.5% and ~31.5%, respectively. Meanwhile, the Energy Select Sector SPDR ETF (XLE) has implied volatility of ~19.3%.
Chesapeake Energy (CHK) stock rose 5% in the week ended May 8, buoyed by higher crude oil prices (DBO) (UCO). On May 7, crude oil prices topped $70 per barrel—the highest level seen in over three years. To know what has been driving the increase, read US Crude Oil above $70: Is More Upside Coming?
Chesapeake Energy Corporation (NYSE:CHK), an energy company based in United States, led the NYSE gainers with a relatively large price hike in the past couple of weeks. As a mid-capRead More...
On May 2–9, our list of natural gas–weighted stocks rose 5.1%, while natural gas June futures fell 0.6% during this period. In the trailing week, natural gas–weighted stocks diverged from natural gas’s fall.
The natural gas–weighted stocks that could be the most sensitive to US crude oil’s moves based on the correlations in the past five trading sessions with US crude oil June futures include: Chesapeake Energy (CHK) at 77.6% Gulfport Energy (GPOR) at 56.8% Range Resources (RRC) at 22.3%