During Friday’s Afternoon trade, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -1.47% to $11.70, afternoon as crude oil prices were down.
WTI crude oil for July delivery was down 1.9% to $59.30 a barrel early Friday afternoon, and Brent crude oil for August delivery was down 2.4% to $62.70 a barrel.
Oil prices were falling Friday due to U.S. shale oil output forecasts, according to Reuters. U.S. shale producers expect their output to rise through the rest of the year, despite recent scale backs in response to lower oil price
“Oil markets are not pricing much in terms of Greek risk but most of the European oil demand growth this year is coming from the southern countries,” said Olivier Jakob of Petromatrix in Zug, Switzerland. Reuters
“Therefore, if there was a Greek default and a contagion of a risk premium to other southern European countries, it could have a negative impact on European oil demand.”
Profit-taking in oil products also weighed on crude, said Donald Morton, who runs an energy-trading desk at Herbert J. Sims & Co in Fairfield, Connecticut.
“The gasoline crack is still very high,” Morton said, referring to the profit margin refiners obtain for “cracking” the motor fuel out of crude.
The stock volatility for the week is 3.77%, while for the month remained 3.15%. The company holds consensus target price of $15.42.
If we consider EPS growth of the company, then the company indicated the following observations:
The company showed -4.72 diluted EPS growth for trailing twelve months. However, YTD EPS growth remained 126.00% and Annual EPS growth for the past 5 years is considered as 16.80%.
The mean recommendation of analysts for this stock is 3.00. (where 1=Buy, 5=Sale).
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids (NGL) from underground reservoirs in the United States. It holds interests in natural gas resource plays, counting the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin of West Virginia and Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas.
Shares of General Electric Company (NYSE:GE), dropped -0.11% to $27.34, during its afternoon trading session.
GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE (NYSE:GE), declared the launch of its 737-800NG passenger-to-freighter conversion program.
GECAS plans to convert up to 20 of its Boeing 737-800NG passenger aircraft to freighters. AEI Aeronautical Engineers, Inc. will perform the conversions at its facilities in the U.S. and China. The first aircraft is planned for conversion starting in 2016 in order to earn FAA supplemental type certification (STC) in 2017 and subsequently enter service as a leased freighter.
“GECAS is happy to launch its first 737-800 passenger-to-freighter conversion program,” said Christopher Damianos, Executive Vice President Specialty Markets at GECAS. “We believe the 737-800NG freighter will be the best-in-class aircraft for both replacement and growth in the narrow body freighter sector.”
“As the pre-eminent commercial airline leasing company in the world, we are elated to declare that GECAS is the launch customer for the AEI B737-800SF conversion program,” said Roy Sandri, AEI president. “This award is testament to the extraordinary quality, durability and value offered by the AEI conversion products.”
Bob Convey, AEI Senior Vice President of Sales and Marketing said, “We expect that the B737-800SF will be a mainstay in cargo operators’ fleets for the next 20 plus years and we look forward to working with GECAS to provide them with a high residual value solution for their existing B737-800 fleet.”
GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With over 45 years of experience, GECAS offers a wide range of aircraft types counting narrowbodies, widebodies, regional jets/props, freighters and helicopters, plus multiple financing products and services counting operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts administration and airport/airline consulting.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment.
Finally, Twitter Inc (NYSE:TWTR), inclined 3.61%, and is now trading at $35.90.
Twitter wants to make it way easier for you to buy products straight from your timeline.
The social media company declared Friday that it’s testing two new ways to assist users discover items on sale around the web. According to fortune
The first is a way to better organize and surface tweets about products and places. The pages will comprise product descriptions, prices, and an option to buy.
The second is a way for brands and people to make Twitter (TWTR) collections of products and places. That way a user can browse through the collections to get more information on the product. Demi Lovato is one of the celebrities already using the new function on Twitter, which can be found here for a better idea about how it works.
“This is just the starting. In the coming months we’ll be testing more new experiences we hope give you the most personalized and relevant information about the places and things you want to explore,” the company wrote in a blog post.
The move comes just days after former CEO Dick Costolo declared he’ll be stepping down from the top post at the social media site. Co-founder Jack Dorsey is the interim CEO.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
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