Market Updates

Basic Materials Stocks to Lookout: Chesapeake Energy Corporation (NYSE:CHK), Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)

Chesapeake Energy Corporation (NYSE:CHK) shares went down -2.17% or -0.10 points to reach at $4.50 during the course of session. The stock traded in the range of $4.43 – $4.59 during its most recent trading session. The stock has total market worth of $3.21B and it has total of 684.61M outstanding shares. Relative strength index (RSI-14) for Chesapeake Energy Corporation (NYSE:CHK) is at 53.67.

Historically the stock has slipped -1.75% in the past week and plunged -0.22% in the last four weeks, the stock illustrate that its three months performance stands at -26.47%. Stock’s price oscillated from $1.50 to $10.92 during past twelve months. The stock is now trading at a distance of 2.06% from SMA-20. The stock is presently trading 4.35 % above from its SMA-50. In the current trading session, the stock’s price moved -7.14% below from its SMA-200. If we take a look on its volatility, 5.62 percent was seen in a week and for the month it was 5.70 percent. Stock’s beta value stands at 1.79 and its ATR value is at 0.29.

Chesapeake Energy Corporation (NYSE:CHK) on July 14, 2016 announced it has scheduled to release its 2016 second quarter financial results before market open on Thursday, August 4, 2016. A conference call to discuss the results has been scheduled for the same day at 9:00 am EDT. The conference call will also be webcast live at www.chk.com in the “Investors” section of the company’s website. The webcast of the conference will be available on the website for one year.

Chesapeake Energy Corporation (CHK) is the second-largest producer of natural gas and the 13th largest producer of oil and natural gas liquids in the United States.  Headquartered in Oklahoma City, the company’s operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the U.S.  The company also owns oil and natural gas marketing and natural gas gathering and compression businesses.  Further information is available at www.chk.com where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) shares rose 0.95% or +0.08 points in order to take the company’s stock at the price of $8.47. Stock’s price oscillated between $8.28 and $8.50 for intra-day trading. Relative strength index (RSI-14) for Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) is at 67.89. It has total market capitalization of $52.83B.

Historically the stock has climbed 4.83% in the past week and soared 27.95% in the last four weeks, the stock illustrate that its three months performance stands at 21.52% while its year to date performance is at 96.98%. The stock hit the peak level of one year at $8.45 and touched the minimum level of $2.71. The stock is now trading at a distance of 15.51% from SMA-20. The stock is presently trading 23.85% above from its SMA-50. In the current trading session, the stock’s price moved 58.97% above from its SMA-200. The company has a Return on Assets of     -4.70%. The company currently has a Return on Equity of -14.90% and a Return on Investment of -1.00%.

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) hereby announced on July 11, 2016 that holders of US$299,159,000.00, or approximately 51.87%, of the outstanding 8.375% Global Notes due 2018 (the “2018 Notes”), issued by Petrobras’s wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), tendered their 2018 Notes at or prior to 11:59 p.m., New York City time, on July 8, 2016 (the “Expiration Date”), pursuant to PGF’s previously announced offer to purchase and consent solicitation (the “Offer to Purchase and Consent Solicitation”) made pursuant to the offer to purchase and consent solicitation statement dated May 17, 2016 (as amended or supplemented, the “Statement”), and the related consent and letter of transmittal dated May 17, 2016 (as amended or supplemented, the “Consent and Letter of Transmittal”).

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