Shares of Chesapeake Energy Corporation (NYSE:CHK) reached $6.48 today, rewarding investors of their stock with gains of 6.40% at the time of writing.
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The share price of the company (NYSE:DVN) was down -0.52%, with a high of 44.44 during the day and the volume of Devon Energy Corporation shares traded was 4682792. The stock has market worth of $2.18B. Post opening the session at $44.47, the shares hit an intraday low of $43.86 and an intraday high of $44.73 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red. The Bid price in the last session was $5.77 x 1000 and the Ask price was $6.15 x 100. Chesapeake Energy Corp. The company has a 50 day moving average of $5.00 and a 200-day moving average of $4.48. The stock has received “HOLD” rating after consensus analysis from analysts. Presently, it has been ranked as “Buy” from 6 Financial Analysts.1 analyst given “Sell” rating for the stock 10 analysts suggested the stock as a “Hold”.
08/16/2016 – Chesapeake Energy Corporation had its “underweight” rating reiterated by analysts at Barclays. Investors should trade with caution and watch out for further signals. The company has an Average Rating of 3.19 based on analysts tracked by Thomson Reuters. Spectra Energy Corp. makes up approx 0.14% of Cetera Advisor Networks’s portfolio.Mn Services Vermogensbeheer B.v. boosted its stake in SE in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 17,058 shares of Spectra Energy Corp. which is valued at $624,152. It has 177.23 million of outstanding shares and its shares float measured at 164.58. The Company also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day. The stock recent traded volume was lower as compared with its average volume of 40835000 shares.
Technical analysts use historic price data to observe stock price patterns to predict the direction of that price going forward.
In related news, Director Robert H. Henry sold 7,100 shares of the company’s stock in a transaction that occurred on Monday, June 20th. Its last finishing price was -0.12% down the SMA50 of $36.40 and +12.47% above from the SMA 200 of $32.33. The ask price represents the minimum price that a seller or sellers are willing to receive for the security. Analyst recommendation for this stock stands at 3.20.
Recently analysts working for numerous investment brokerages have updated their research report ratings and price targets on shares of Chesapeake Energy Corporation (NYSE:CHK). Johnson Rice upgraded shares of Chesapeake Energy Corp. from a hold rating to an accumulate rating in a report on Tuesday, July 26th. “0” said as “SELL” recommendations and “0” suggested “UNDERWEIGHT” rating.
06/27/2016 – Devon Energy Corporation had its “overweight” rating reiterated by analysts at Morgan Stanley.
Historically, if we look at price target revisions, three weeks ago Devon Energy Corp (NYSE:DVN)’s price target was revised on 07/26/16 by the analysts, however the bullish price estimates of the stock set at $61.00 while the bearish estimates kept at $30.00 over the next one year.
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