Today’s Research Reports on Stocks to Watch: Chesapeake Energy and Rennova Health

NEW YORK, NY / ACCESSWIRE / March 6, 2017 /
The markets’ rally has strengthened as investor optimism on the health of the U.S. economy continues to grow. The Dow Jones Industrial Average gained 0.01 percent to close at 21,005.71, up 0.86 percent for the week, while the S&P 500 increased 0.05 percent to close at 2,383.12, up 0.65 percent, its sixth consecutive weekly gain. The S&P 500’s forward price-to-earnings ratio is currently at 17.9, the highest it’s been since 2004, according to data from FactSet.

Confidence in the U.S. economy began to grow last Tuesday after President Trump’s first speech to Congress. “We will look back on tonight as when this new chapter of American greatness began,” Mr. Trump said. “The time for small thinking is over. The time for trivial fights is behind us.”

Additionally, Federal Reserve Chairwoman Janet Yellen on Friday signaled that an interest rate hike is likely to happen in March.

“At our meeting later this month, the [Federal Open Market] Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal-funds rate would likely be appropriate,” Yellen said in a speech to The Executives’ Club of Chicago. “The economy has essentially met the employment portion of our mandate and inflation is moving closer to our 2% objective,” Ms. Yellen said.

Let’s Take a
Closer Look at Today’s Trending Tickers

Chesapeake Energy’s shares declined 0.75 percent to close at $5.32 a share on Friday. The stock traded between $5.30 and $5.51 on volume of 32.82 million shares traded. On February 23rd, the company reported loss of $741 million or $0.84 a share for the fourth quarter of 2016, as compared to loss of $2.23 billion or $3.36 a share for the same quarter prior year which also included impairment charges of $2.8 billion. The company reported average daily production of 574,500 barrels of oil equivalent for the fourth quarter of 2016 and expects average daily production in the range of 515,000 to 535,000 barrels per oil equivalent for the current quarter.

U.S. Energy Information Administration (EIA) reported natural gas inventories increased by 7 billion cubic feet for the week ending February 24th. Analysts’ expectations had called for a decline of 5 billion cubic feet. Natural gas inventories saw a decline of 89 billion cubic feet in the week ending February 17th. On February 23rd, Chesapeake has declared result for the fourth quarter and full year of 2016. Shares of Chesapeake Energy have fallen approximately 24.2 percent year-to-date.

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

Rennova Health’s shares soared 38.35 percent to close at $2.85 a share on Friday. The stock traded between $1.89 and $3.27 on volume 17.15 million shares traded. On March 2nd, 2017, the company announced that the Big South Fork Medical Center in Oneida, Tennessee has received nearly 200 job applications within hours after opening its online portal. Shares of Rennova Health have gained approximately 14.5 percent year-to-date.

“We believe our accomplishments and timeline to reopen the hospital in Oneida and continued accomplishments in our overall business are in keeping with our strategy and business plan,” said Seamus Lagan, CEO of Rennova Health. “We look forward to a strong recovery in 2017 after a very difficult 2016, and we anticipate filing our 2016 audit timely by March 31st and updating our shareholders and investors at that time.”

Access Today’s Rennova Health Research Report at https://ub.rdinvesting.com/news/?ticker=RNVA

Today’s Features Includes:

Chesapeake Energy Corporation (NYSE: CHK)

Rennova Health Inc.
(NASDAQ: RNVA)

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