Chesapeake Energy (NASDAQ:CHKEZ) Trading Up 2.2% – Still a Buy?

Chesapeake Energy Co. (NASDAQ:CHKEZ)’s stock price rose 2.2% on Friday . The company traded as high as $99.56 and last traded at $99.27. Approximately 2,249 shares changed hands during trading, an increase of 0% from the average daily volume of 2,238 shares. The stock had previously closed at $97.16.

Chesapeake Energy Trading Up 2.2 %

The business has a 50-day moving average price of $94.36 and a two-hundred day moving average price of $78.71.

Hedge Funds Weigh In On Chesapeake Energy

A hedge fund recently raised its stake in Chesapeake Energy stock. Wolverine Asset Management LLC lifted its position in shares of Chesapeake Energy Co. (NASDAQ:CHKEZ) by 701.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,289 shares of the company’s stock after purchasing an additional 7,255 shares during the quarter. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $531,000 at the end of the most recent reporting period.

About Chesapeake Energy

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.