Oil and Gas Exploration and Production Stocks under Review -- Chesapeake Energy, Energy XXI Bermuda, Anadarko Petroleum, Denbury Resources, and Newfield Exploration
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LONDON, October 16, 2014 /PRNewswire/ --
Investor-Edge has initiated coverage on the following equities: Chesapeake Energy Corporation (NYSE: CHK), Energy XXI Bermuda Ltd (NASDAQ: EXXI), Anadarko Petroleum Corporation (NYSE: APC), Denbury Resources Inc. (NYSE: DNR), and Newfield Exploration Company (NYSE: NFX). Free research on these five companies can be accessed at: http://investor-edge.com/register. On Wednesday, October 15, 2014, the NASDAQ Composite ended at 4,215.32, down 0.28%, the Dow Jones Industrial Average declined 1.06%, to finish the day at 16,141.74, and the S&P 500 closed at 1,862.49, down 0.81%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Energy Sector Index ended the day at 591.42, up 0.43%, while the index has declined 3.63% in the previous three trading sessions. Register for your complimentary reports on these five stocks at:
http://investor-edge.com/register
Chesapeake Energy Corp.'s stock gained 1.60%, to close Wednesday's session at $17.77, after oscillating between $16.69 and $17.90. The stock recorded a trading volume of 23.71 million shares, much above its three months average volume of 8.53 million shares. Over the previous three trading sessions and the last one month, Chesapeake Energy Corp.'s shares have declined 6.33% and 29.06%, respectively. Additionally, from the beginning of 2014, the stock has lost 30.78%. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $25.71 is above its 50-day moving average of $24.49. Further, Chesapeake Energy Corp.'s stock traded at a PE ratio of 11.96 and has a Relative Strength Index (RSI) of 8.29. Sign up and read the free notes on CHK at:
http://www.Investor-Edge.com/CHK-16Oct2014
Energy XXI Bermuda Ltd's stock finished Wednesday's session 15.84% higher at $7.68. A total of 13.01 million shares were traded, which was much above its three months average volume of 4.36 million shares. The stock moved between $6.23 and $7.73 during the session. Energy XXI Bermuda Ltd's shares have plummeted 2.78% in the previous three trading sessions and 46.11% in the last one month. Additionally, the stock has declined 71.62% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $20.69 is greater than its 50-day moving average of $14.34. Energy XXI Bermuda Ltd's stock traded at a PE ratio of 10.88 and has an RSI of 11.10. The complimentary notes on EXXI can be downloaded as in PDF format at:
http://www.Investor-Edge.com/EXXI-16Oct2014
On Wednesday, shares in Anadarko Petroleum Corp. fluctuated between $80.98 and $85.89 before ending the session 0.94% higher at $85.46. The stock reported a trading volume of 12.34 million shares, much above its three months average volume of 4.79 million shares. Shares of the company traded at a PE ratio of 18.89. Anadarko Petroleum Corp.'s shares have lost 3.29% in the previous three trading sessions and 19.56% in the last one month. However, the stock has advanced 7.74% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $104.72 and $97.04, respectively. Moreover, shares of Anadarko Petroleum Corp. have an RSI of 16.22. Register for free on Investor-Edge and access the latest research on APC at:
http://www.Investor-Edge.com/APC-16Oct2014
Denbury Resources Inc.'s stock edged 0.42% higher, to close the day at $12.09. The stock recorded a trading volume of 12.10 million shares, much above its three months average volume of 4.53 million shares. The stock oscillated between $11.41 and $12.20 during the session. Over the last three trading sessions and over the past one month, Denbury Resources Inc.'s shares have declined 5.32% and 24.11%, respectively. Further, the stock has lost 26.42% since the start of this year. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $16.57 is above its 50-day moving average of $15.71. Additionally, Denbury Resources Inc.'s stock traded at a PE ratio of 9.97 and has an RSI of 10.05. The complete research on DNR is available for free at:
http://www.Investor-Edge.com/DNR-16Oct2014
On Wednesday, shares in Newfield Exploration Co. recorded a trading volume of 9.08 million shares, higher than its three months average volume of 2.57 million shares. The stock ended the day at $26.00, which was 1.03% below its previous day's closing of $26.27, and registered an intraday range of $25.14 and $26.86. Shares of the company traded at a PE ratio of 15.81. Newfield Exploration Co.'s shares have plummeted 13.94% in the previous three trading sessions and 32.38% in the last one month. However, the stock has advanced 5.56% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $38.95 and $34.50, respectively. Furthermore, shares of Newfield Exploration Co. have an RSI of 14.46. Free in depth research on NFX is available at:
http://www.Investor-Edge.com/NFX-16Oct2014
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