Wall Street Fundamentals Releases New In-Depth Stock Reports on CHK, DVN, ECA and SD
Natural gas stocks have experienced a sharp decline in the past month as prices have continued to decline on rising inventories and falling demand. The United States Natural Gas Fund, LP (NYSEARCA: UNG) has fallen nearly 15 percent in the past month. On Friday, the U.S. Energy Information Administration reported that utilities’ consumption of natural gas in April declined 22 percent year-over-year, while natural gas output in the lower 48 U.S. states increased 1.2 percent year-over-year. Natural gas futures have fallen approximately 20 percent from its 20-month high in April.
Chesapeake Energy Corporation (NYSE: CHK) shares traded in the range of $20.14 to $20.57 Friday before settling to close at $20.38, a decrease of 0.97 percent. The stock appears to be facing resistance at the $20.56 and $21.06 levels with some support at $19.98. Shares of Chesapeake Energy have fallen approximately 9.75 percent in the past month.
More information on Chesapeake Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CHK
Devon Energy Corp. (NYSE: DVN) shares traded in the range of $51.67 to $52.45 Friday before settling to close at $51.88, a decrease of 0.92 percent. The stock appears to be facing resistance at the $52.80 and $53.61 levels with some support at $51.44. Shares of Devon Energy have fallen approximately 11.5 percent in the past month.
More information on Devon Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DVN
Encana Corporation (NYSE: ECA)(TSX: ECA) shares traded in the range of $16.74 to $17.05 Friday before settling to close at $16.94, a decrease of 0.24 percent. The stock appears to be facing resistance at the $17.09 and $17.51 levels. Shares of Encana have fallen approximately 26.3 percent in the past month.
More information on Encana and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ECA
SandRidge Energy Inc. (NYSE: SD) shares traded in the range of $4.68 to $4.81 Friday before settling to close at $4.76 a share, a decrease of 0.21 percent. The stock appears to be facing resistance at the $4.86 and $5.08 levels with some support at $4.67. Shares of SandRidge Energy have fallen approximately 7.2 percent in the past month.
More information on SandRidge Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SD
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com