Dallas 9/28/2010 2:13:56 AM
News / Business

Top Energy Stock Movers (COP, BP, CHK, CVX)

Energy Stock Movers

Shares of petroleum and natural gas producers are mixed in early action on Monday.

ConocoPhillips (NYSE:COP) slid 0.16% to $56.27 after 1.01 million shares of trade. Over the past 52-week, the stock traded within the range of $44.53-$60.53. At current market price, the market capitalization of the stock stands at $85.93 billion.

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The company said Monday it received notice from Lukoil that the Russian oil company will exercise its option to buy back 42.5 million shares owned by the U.S. oil major.

The company said the latest transaction brings the total proceeds of the sales of is Lukoil stake to $6.44 billion. The proceeds will be used to buy back ConocoPhillips stock, the company said. ConocoPhillips said it will still own 6.2% in Lukoil after the latest transaction.

BP plc (ADR) (NYSE:BP) went up 0.13% to $38.51 on over 3.10 million shares. Today, the stock opened at $38.39 and is trading within the range of $38.24-$38.59. 

The median Wall Street price target on the stock is $45 and the high target is set at $51 with majority of analysts have a Hold rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $37.72 and $43.39 respectively.

Shares of Chesapeake Energy Corporation (NYSE:CHK) is trading 0.19% higher to $21.60. The intraday range of the stock is $21.45-$21.69. The stock is down more than 18% year-to-date.

The company has Price/Sales ratio of 1.60 and Price/Book ratio of 1.16. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $21.18 and $22.60 respectively.

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Chevron Corporation (NYSE:CVX) gained 0.40% to $80.44 after 1.10 million shares of trade. So far in the last one year of trading sessions, the stock has added over 13%. The stock has a 52-week range of $66.83-$83.41.

The median Wall Street price target on the stock is $92 and the high target is set at $110 with majority of analysts have a Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $77.39 and $75.91 respectively.

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