Chesapeake Energy (NYSE:CHK) is testing a very important price range this morning that I believe could mark the launching point for this out of favor oil stock.
Chesapeake Energy produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: exploration and production; and marketing, gathering and compression.
Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
As of December 31, 2016, it owned interests in approximately 22,700 oil and natural gas wells throughout the country.
Why Buy Chesapeake Energy Now?As a trader, I enjoy looking for chart patterns that show capitulation near or at a level of long-term support at a multi year low. I also look for a positive catalyst in the near future that could set up a longer-term rally.
A look at this YTD chart.
Top 5 Energy Stocks To Invest In Right Now: Westport Innovations Inc(WPRT)
Advisors' Opinion:- [By Maxx Chatsko]
Shares of Westport Fuel Systems (NASDAQ:WPRT) jumped 11.9% last month, according to data provided by S&P Global Market Intelligence. But it wasn't a smooth ride for shareholders.
- [By Joseph Griffin]
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
Get Range Resources alerts: Why shareholders’ votes on methane emissions could lead to changes for drillers (bizjournals.com) Shareholders OK proposal calling on Range Resources to issue emissions management report (pionline.com) Methane shareholder resolution passes at U.S. oil and gas company (edf.org) Range shareholders approve measure to require methane report (bizjournals.com) Whirling Stocks: Range Resources Corporation (NYSE:RRC), Westport Fuel Systems Inc. (NASDAQ:WPRT), Ur-Energy … (thestreetpoint.com)A number of equities analysts have issued reports on RRC shares. Morgan Stanley downgraded Range Resources from an “equal weight” rating to an “underweight” rating and set a $11.00 price objective for the company. in a report on Wednesday, January 24th. Credit Suisse Group decreased their price objective on Range Resources from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. Capital One downgraded Range Resources from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 25th. Royal Bank of Canada decreased their price objective on Range Resources to $28.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. Finally, Bank of America decreased their price objective on Range Resources from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $22.22.
- [By Stephan Byrd]
News headlines about Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) have trended somewhat positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Westport Fuel Systems earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 47.9209173885936 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Top 5 Energy Stocks To Invest In Right Now: Eco-Stim Energy Solutions, Inc.(ESES)
Advisors' Opinion:- [By Ethan Ryder]
Press coverage about Eco-Stim Energy Solutions (NASDAQ:ESES) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eco-Stim Energy Solutions earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.1001025646776 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
- [By Logan Wallace]
Eco-Stim Energy Solutions (NASDAQ:ESES) and Quintana Energy Services (NYSE:QES) are both small-cap oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, institutional ownership, profitability, valuation and risk.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Eco-Stim Energy Solutions (ESES)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Hurricane Energy (OTCMKTS: HRCXF) and Eco-Stim Energy Solutions (NASDAQ:ESES) are both small-cap oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their profitability, earnings, risk, dividends, analyst recommendations, institutional ownership and valuation.
Top 5 Energy Stocks To Invest In Right Now: Bonanza Creek Energy, Inc.(BCEI)
Advisors' Opinion:- [By Motley Fool Transcribing]
Bonanza Creek Energy (NYSE:BCEI) Q4 2018 Earnings Conference CallFeb. 28, 2019 12:00 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Bonanza Creek Energy (BCEI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Get a free copy of the Zacks research report on Bonanza Creek Energy (BCEI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Energy Stocks To Invest In Right Now: Blueknight Energy Partners L.P., L.L.C.(BKEP)
Advisors' Opinion:- [By Max Byerly]
Blueknight Energy Partners LP (NASDAQ:BKEP) hit a new 52-week low on Tuesday . The company traded as low as $2.30 and last traded at $2.37, with a volume of 12716 shares traded. The stock had previously closed at $2.35.
- [By Ethan Ryder]
Shares of Blueknight Energy Partners LP Common Stock (NASDAQ:BKEP) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $4.00.
- [By Ethan Ryder]
Phillips 66 Partners (NYSE:PSXP) and Blueknight Energy Partners (NASDAQ:BKEP) are both oils/energy companies, but which is the superior investment? We will compare the two companies based on the strength of their dividends, valuation, earnings, institutional ownership, analyst recommendations, risk and profitability.
Top 5 Energy Stocks To Invest In Right Now: Enerplus Corporation(ERF)
Advisors' Opinion:- [By Shane Hupp]
Get a free copy of the Zacks research report on Enerplus (ERF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Enerplus (ERF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Enerplus Corp (NYSE:ERF) (TSE:ERF) has been assigned an average rating of “Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.50.
- [By Matthew DiLallo]
Overall, Crestwood expects to invest $275 million to $325 million into expansion projects this year, slightly above its initial forecast to spend between $250 million and $300 million on capital projects. One driver of the increased budget is that oil and gas producer Enerplus (NYSE:ERF) awarded the company a contract to expand its water system in the Bakken. Crestwood expects to invest $60 million over the next two years on this project, which will help support Enerplus' volume growth in the region. Meanwhile, the company is in advanced discussions with customers to provide a range of midstream services in the Delaware Basin, which could include building a new natural gas processing plant in the region.
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