Today's Research Reports on Trending Tickers: Chesapeake Energy and Denbury Resources
NEW YORK, NY / ACCESSWIRE / June 25, 2018 / U.S. markets were mixed Friday, with the Dow snapping an eight day losing streak as energy shares rallied. However, major indexes experienced weekly losses on trade-related news. The S&P 500 Index gained 0.19 percent to close at 2,754.88, ending the week 0.9 percent lower while the Nasdaq Composite dropped 0.26 percent to close at 7,692.82, down by 0.3 percent for the week. The Dow Jones Industrial Average increased 0.49 percent to close at 24,580.89, declining 2 percent for the week.
"We're seeing continued uncertainty around trade, but there's also a recognition that economic fundamentals remain strong, which could provide the kind of sturdy backdrop needed to support risk assets going forward," according to John Hancock Investments' head of capital markets research, Emily Roland.
"The fact that recent declines have essentially been mild may be a sign that investors don't believe we're headed for a full-out trade war. Rhetoric could still escalate, having a meaningful impact on businesses and consumers, but we're not there yet. We're still in a wait-and-see mode," she added. "There will be further negotiations, and we'll likely continue seeing choppiness as this gets hammered out."
RDI Initiates Coverage on:
Chesapeake Energy Corporation
https://rdinvesting.com/news/?ticker=CHK
Denbury Resources Inc.
https://rdinvesting.com/news/?ticker=DNR
Chesapeake Energy's stock jumped 3.7% Friday, to close the day at $5.05. The stock recorded a trading volume of 51,329,886 shares, which was above its three months average volume of 37,093,925 shares. In the last year, Chesapeake Energy's shares have traded in a range of 2.53 - 5.13. The share price has gained 99.6% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $4.32 is above its 200-day moving average of $3.58. Shares of Chesapeake Energy have gained roughly 10.99 percent in the past month and are up 27.53 percent year-to-date.
Access RDI's Chesapeake Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CHK
On Friday, shares of Denbury Resources recorded a trading volume of 30,541,101 shares, which was above the three months average volume of 11,562,896 shares. The stock ended the day 11.32% higher at $4.72. The share price has fallen 3.08% from its 52 week high with a 52 week trading range of 0.91 - 4.87. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $4.11 is above its 200-day moving average of $2.86. Shares of the company are trading at a Price to Earnings ratio of 10.61. Shares of Denbury Resources have gained roughly 12.11 percent in the past month and are up 113.57 percent year-to-date.
Access RDI's Denbury Resources Inc. Research Report at:
https://rdinvesting.com/news/?ticker=DNR
Our Actionable Research on Chesapeake Energy Corporation (NYSE: CHK) and Denbury Resources Inc. (NYSE: DNR) can be downloaded free of charge at Research Driven Investing.
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