Chesapeake Energy Corp (NYSE:CHK) said it would spin off its oilfield services division, less than a month after saying it was pursuing options including a sale of the business. Chesapeake Energy Corporation (NYSE:CHK) shares after opening at $25.26 moved to $25.45 on last trade day and at the end of the day closed at $24.69. Company price to sales ratio in past twelve months was calculated as 0.92 and price to cash ratio as 19.17. Chesapeake Energy Corporation (NYSE:CHK) showed a negative weekly performance of -3.67%.
Cabot Oil & Gas Co. (NYSE:COG)‘s stock had its “outperform” rating reiterated by equities researchers at Sanford C. Bernstein in a research report issued on Tuesday, AnalystRatings.NET reports. They currently have a $40.00 target price on the stock, down from their previous target price of $46.00. Sanford C. Bernstein’s price target would indicate a potential upside of 13.96% from the stock’s previous close. Cabot Oil & Gas Corporation (NYSE:COG) shares fell -1.68% in last trading session and ended the day on $33.39. Cabot Oil & Gas Corporation (NYSE:COG) return on equity ratio is recorded as 12.50% and its return on assets is 5.70%. Cabot Oil & Gas Corporation (NYSE:COG) yearly performance is -0.24%.
WPX Energy, Inc. (NYSE:WPX) is an independent natural gas and oil exploration and production company engaged in the exploitation and development of long-life unconventional properties. The Company focuses on exploiting its natural gas reserve base and related NGLs in the Piceance Basin of the Rocky Mountain region, and on developing. WPX Energy Inc. (NYSE:WPX) shares moved up 0.45% in last trading session and was closed at $17.67, while trading in range of $16.80 – $17.72. WPX Energy Inc. (NYSE:WPX) year to date (YTD) performance is -13.30%.
Shares of Denbury Resources (NYSE:DNR) were the target of a large increase in short interest in January. As of February 28th, there was short interest totalling 26,087,896 shares, an increase of 10.0% from the February 14th total of 23,712,551 shares, AmericanBankingNews.com reports.
Denbury Resources Inc. (NYSE:DNR) weekly performance is -2.26%. On last trading day company shares ended up $16.00. Denbury Resources Inc. (NYSE:DNR) distance from 50-day simple moving average (SMA50) is -1.23%. Analysts mean target price for the company is $21.17.