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Independent Oil & Gas Stocks in Focus – Chesapeake Energy Corporation (NYSE:CHK), EXCO Resources Inc (NYSE:XCO).

on 19/04/2013

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Stocks that are being watched this morning are: Chesapeake Energy Corporation (NYSE:CHK), EXCO Resources Inc (NYSE:XCO)

The Basic Materials Sector of the Independent Oil & Gas Industry stocks are in focus, as its stocks were gaining high volume during previous trade. Chesapeake Energy Corporation (NYSE:CHK) remained with top volume in its industry and showing a positive trend during the previous trading session and EXCO Resources Inc (NYSE:XCO) was in focus of investors and it was showing bullish movement during previous trade.

Chesapeake Energy Corporation (NYSE:CHK) revealed that it has planned to release, on Wednesday, May 1, 2013, prior to opening the financial trading hours, its operational update and financial results for the first quarter of 2013. To discuss the results of the company, CHK has planned to hold, on the same day, at 9:00 a.m. EDT, a conference call.

Is CHK a Solid Investment at These Levels? Read This Report For Details

Basic Materials Sector stock moving up during the prior trade, Chesapeake Energy Corporation (NYSE:CHK) reported the upsurge of 2.65% and closed at $18.96 with the total traded volume of 10,324,400 shares. The stock’s opening price was $18.51.

The company has a total of 667.57 million outstanding shares and its total market capitalization is $12.66 billion. Its 52-week price range remained $13.32 – $22.97, while during last trade its minimum price was $18.21 and it gained its highest price of $19.13. Company’s last 5 days shows a downtrend with the drop of -4%.

EXCO Resources Inc (NYSE:XCO) revealed that it will release the results of the company, after closing the trading of the financial markets, on Tuesday, April 30, 2013, for the first quarter of 2013. To discuss the contents of this release and reply to questions, XCO will host, on Wednesday, May 1, 2013, at 9:00 a.m. Dallas Time, a conference call.

How Should Investors Trade XCO Now? Don’t Miss out on a Special Trend Analysis

Independent Oil & Gas company showing positive momentum during previous trade, EXCO Resources Inc (NYSE:XCO) reported the upsurge of 5.84% after opening at the price of $6.82. Its closing price for the day was $7.25. XCO’s total trading volume for the day was 6,397,000 shares, versus its average volume of 3.60 million shares.

Company’s current market capitalization stands at $1.58 million along with 217.57 million shares. EXCO Resources’ earnings per share is $-6.50. If we look at the previous 5 day’s performance of the stock, it remained optimistic with the gain of -4.48%. In its last one month’s trade it slipped -3.07%.

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Source: anotherwinningtrade Posted Fri, April 19, 2013 13:01 - Permalink