November 3, 2017 - 8:00 AM EDT
Print Email Article Font Down Font Up Charts

Today's Research Reports on Trending Tickers: Chesapeake Energy and Southwestern Energy

NEW YORK, NY / ACCESSWIRE / November 3, 2017 / U.S. markets were mixed Thursday as details from the proposed tax-reform plan failed to impress Wall Street. The Dow Jones Industrial Average gained 0.35 percent to close at 23,516.26, while the S&P 500 Index increased 0.02 percent to close at 2,579.85. The NASDAQ Composite Index fell 0.02 percent to close at 6,714.94. The proposed plan would see the corporate tax rate slashed to 20 percent from 35 percent.

"Even though I think there's a lot of potentially positive developments in the tax plan, I don't know if any actual substance that comes out of Washington can even live up to expectations already built into the market," said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma, according to Reuters.

RDI Initiates Coverage on:

Chesapeake Energy Corporation
https://rdinvesting.com/news/?ticker=CHK

Southwestern Energy Company
https://rdinvesting.com/news/?ticker=SWN

Chesapeake Energy's shares declined 7.58 percent to close at $3.66 a share Thursday. The stock traded between $3.65 and $3.81 on volume of 43.45 million shares traded. In the last year, Chesapeake Energy's shares have traded in a range of 3.41 - 8.20. The share price is 7.33% higher than its 52-week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $4.02 is below its 200-day moving average of $4.60. Shares of Chesapeake Energy have fallen roughly 15.86 percent in the past month and are down 47.86 percent year-to-date.

Access RDI's Chesapeake Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CHK

Southwestern Energy's shares declined 2.74 percent to close at $5.69 a share Thursday. The stock traded between $5.66 and $5.92 on volume of 21.88 million shares traded. The share price is 16.12% higher than its 52-week low with a 52-week trading range of 4.90 – 12.85. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $5.79 is less than its 200-day moving average of $6.06. Shares of Chesapeake Energy have fallen roughly 9.11 percent in the past month and are down 47.41 percent year-to-date.

Access RDI's Southwestern Energy Company Research Report at:
https://rdinvesting.com/news/?ticker=SWN

Our Actionable Research on Chesapeake Energy Corporation (NYSE: CHK) and Southwestern Energy Company (NYSE: SWN) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com


Source: ACCESSWIRE Investor Awareness (November 3, 2017 - 8:00 AM EDT)

News by QuoteMedia
www.quotemedia.com
Tags:

Legal Notice