Chesapeake Energy Corporation (NYSE:CHK) [Trend Analysis] climbed reacts as active mover, shares an advance 1.11% to traded at $6.40 and the percentage gap between open changing to regular change was 0.63%. Chesapeake Energy Corporation (CHK) revealed that it has increased the aggregate purchase price offered for the Notes in the Tender Offers, exclusive of accrued interest, from up to $500 million aggregate purchase price to up to $750 million and, in connection there with, established a tender cap of $600 million aggregate purchase price for the 2.5% Contingent Convertible Senior Notes due 2037.
The firm’s current ratio calculated as 0.30 for the most recent quarter. The firm past twelve months price to sales ratio was 0.48 and price to cash ratio remained 1265.58. As far as the returns are concern, the return on equity was recorded as 860.90% and return on investment was -145.70% while its return on asset stayed at -57.40%.
Always volatility measures make charm for active trader; price volatility of stock was 5.29% for a week and 6.49% for a month. The price volatility’s Average True Range for 14 days was 0.36. On these bases, analysts would recommend this stock as an “Active Spinning Stocks.” CHK’s institutional ownership was registered as 66.50% while insider ownership was 0.90%. The firm attains analyst recommendation of 3.20 on scale of 1-5 with week’s performance of 5.09%.
Chevron Corporation (NYSE:CVX) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.56% to $101.32. Phillips 66 Partners LP revealed that an agreement has been reached for it to acquire a natural gas liquids logistics system in southeast Louisiana currently owned by Chevron (CVX). The system includes approximately 500 miles of pipelines and a storage cavern connecting multiple fractionation facilities, refineries and a petrochemical facility.
TENDS Pipeline System, 300-mile, bidirectional NGL pipeline system connected to third-party fractionators, refineries including the Phillips 66 Alliance Refinery and a petrochemical plant. VP Pipeline / EP Pipeline, 200 miles of regulated pipelines that carry raw NGLs from a third-party natural gas processing plant to pipeline and fractionation infrastructure. Sorrento Cavern, a salt dome cavern with approximately 1.5 million barrels of NGL storage capacity located in Ascension Parish.
The Partnership expects EBITDA from the acquired assets to be $25 million in 2017. The acquisition will be financed with cash and borrowings under the Partnership’s revolving credit facility. The transaction is expected to close in the fourth quarter of 2016 pending regulatory approvals. The share price of CVX attracts active investors, as stock price of week volatility recorded 1.03%. The stock is going forward to its 52-week low with 49.49% and lagging behind from its 52-week high price with -4.83%.