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New York, NY -- (SBWIRE) -- 02/21/2013 -- Chesapeake Energy Corporation (NYSE:CHK) reported fourth-quarter profit that exceeded Wall Street estimates on Thursday, sending its shares up, facilitated by lower-than-expected expenses and more profitable oil production.
In the mid-day trading, Chesapeake Energy Corporation (NYSE:CHK) jumped +0.35% to $20.30 with the total traded volume of 8.13 million shares. Stock price 52 weeks high was $26.09 and 52 weeks low price was $13.32.
What was the Moving Force behind CHK On Bullish Run? Read This Research Report
Berry Petroleum Company (NYSE:BRY) reported that Linn Energy LLC, which buys older oil and natural gas fields, agreed to acquireBerry Petroleum Co. (BRY) for $2.42 billion in stock to rise its proved reserves by 34 percent.Berry shareholders will get 1.25 shares of publicly traded LinnCo LLC (LNCO).Berry’s reserves are 75 percent oil, which rises Linn’s exposure to liquids, which are more profitable than natural gas. The agreement is the largest oil and gas purchase declared this year.
In the mid-day, Berry Petroleum Company (NYSE:BRY) surged +16.97% to $45.14 with the total traded volume of 5.26 million shares.
For How Long BRY will Fight for Profitability? Read This Trend Analysis report
Denbury Resources Inc. (NYSE:DNR) fourth-quarter earnings jumped as the oil and natural-gas producer promoted from fewer negative hedging influences and other items;however revenue was upset by lower commodities prices. Denbury reported a profit of $114.7 million, or 30 cents a share, up from $52.6 million, or 13 cents a share, a year earlier.
In the mid-day, Denbury Resources Inc. (NYSE:DNR) gained +1.61% to $18.33 with the total traded volume of 3.43 million shares. DNR has market cap of 7.10 billion.
For How Long DNR’s Gloss will Attract Investors? Find out via this report
Forest Oil Corporation (NYSE:FST) declined -4.80% to $5.76 in the mid-day trading hours with the total traded volume of 4.25 million shares. Its fifty two week range was $5.46-$13.82. The total market capitalization remained $680.55million.
FST is ahead its 52 week low with 1.14% and its last month price volatility remained 3.95%. Its beta coefficient was 1.54 with a target price of $9.00. FST has insider ownership of 0.58% with its institutional ownership remained 62.58%.
Has FST Found The Bottom and Ready To Move Up? Find Out Here
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