Today’s Research Reports on Trending Tickers: Denbury Resources and Chesapeake Energy

NEW YORK, NY / ACCESSWIRE / July 31, 2018 / U.S. markets continued to drop on Monday, as tech sector close in the red weighed by majority of the FAANG (Facebook, Apple, Amazon, Netflix and Google parent Alphabet) stocks. The Dow Jones Industrial Average fell 0.57 percent to close at 25,306.83, while the S&P 500 Index was down 0.58 percent to close at 2,802.60. The Nasdaq Composite Index declined 1.39 percent to close at 7,630.00.

“The market is punishing companies that don’t beat on revenue or earnings, or which give a bad outlook. You need to win on all three to do well, and if you miss, like Facebook did, you get pummeled,” said director of global market research at Boston Partners, Michael Mullaney.

RDI Initiates Coverage on:

Denbury Resources Inc.
https://rdinvesting.com/news/?ticker=DNR

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

Denbury Resources’ stock jumped 11.69% Monday, to close the day at $4.68. The stock recorded a trading volume of 12,804,104 shares, which was above its three months average volume of 12,690,588 shares. In the last year, Denbury Resources’ shares have traded in a range of 0.91 – 5.56. The share price has gained 414.29% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $4.57 is above its 200-day moving average of $3.34. Shares of the company are trading at a Price to Earnings ratio of 10.52. Shares of Denbury Resources have fallen roughly 2.7 percent in the past month and are up 111.76 percent year-to-date.

Access RDI’s Denbury Resources Inc. Research Report at:
https://rdinvesting.com/news/?ticker=DNR

On Monday, shares of Chesapeake Energy recorded a trading volume of 37,550,684 shares, which was below the three months average volume of 39,542,887 shares. The stock ended the day 5.9% higher at $4.67. The share price has fallen 16.61% from its 52 week high with a 52 week trading range of 2.53 – 5.60. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $4.90 is above its 200-day moving average of $3.77. Shares of Chesapeake Energy have fallen roughly 10.88 percent in the past month and are up 17.93 percent year-to-date.

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

Our Actionable Research on Denbury Resources Inc. (NYSE :DNR) and Chesapeake Energy Corporation (NYSE :CHK) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. 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.

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SOURCE: RDInvesting.com

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