Chesapeake Energy (NASDAQ:CHKEZ) Shares Up 11.1% – Should You Buy?

Chesapeake Energy Co. (NASDAQ:CHKEZ)’s stock price traded up 11.1% on Thursday . The stock traded as high as $101.77 and last traded at $101.77. 31,790 shares traded hands during mid-day trading, an increase of 1,320% from the average session volume of 2,238 shares. The stock had previously closed at $91.61.

Chesapeake Energy Stock Performance

The company’s 50-day moving average price is $94.89 and its two-hundred day moving average price is $82.90.

Hedge Funds Weigh In On Chesapeake Energy

A hedge fund recently raised its stake in Chesapeake Energy stock. Wolverine Asset Management LLC increased its position in Chesapeake Energy Co. (NASDAQ:CHKEZ) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,963 shares of the company’s stock after acquiring an additional 1,674 shares during the quarter. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $638,000 at the end of the most recent quarter.

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.