If you’re looking for natural gas investment opportunities, or oil investing news, make note of the following. While there were a number of big risers on the S&P 500 on July 27, Chesapeake Energy Corporation (NYSE:$CHK) is perhaps one of the biggest. The Oklahoma City-based company popped roughly 4.55% to a price of $5.06 a share with some 43.53 million shares trading hands.
For those who don’t know, Chesapeake Energy is an oil and natural gas exploration, development, acquisition, and production company. In addition, it owns a natural gas and oil marketing business. Looking at the company’s portfolio, one will see unconventional natural gas and oil assets in United States onshore plays.
Commencing the day trading at $4.85, Chesapeake Energy Corporation hit an intraday high of $5.07 and reached intraday lows of $4.77. Chesapeake shares increased $0.22 apiece by day’s end. Over the course of the last 90 days, the stock’s average daily volume has sat at 37.73 million of its 908.07 million share total float. Thanks to today’s action, the stock’s 50-day SMA is now at $4.98 and 200-day SMA at $5.88 with a 52-week range of $4.38 to $8.20.
After today’s trading, Chesapeake Energy saw its market capitalization increase to $4.59 billion. Additionally, it’s price to earnings ratio is now 0, its P/S 0.62, P/B -1.47, and P/FCF 18.
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