Crude oil futuresįell 3.5% Monday, but have nearly doubled (up 99%) since the end of April. Which climbed 223 points, or 0.8%, on the day, were both headed for a sixth-straight gain. Which rose 2.7% on Monday, and the Dow Jones Industrial Average The company’s stock has jumped nearly 400 in two days of trading. The surprisingly strong May jobs report out Friday boosted hopes for a quicker-than-expected return in demand, while the agreement by OPEC and allied nations over the weekend to extend production cuts helped assuage concerns over a supply glut. Chesapeake Energy stock soars nearly 182 in Monday’s trading JEven as some analysts still believe Oklahoma City-based Chesapeake Energy is on a list of bankruptcy probables this year, stock in the company sky rocketed by nearly 182 in Monday’s trading. This suggests a possible upside of 4.5 from the stock's current price. On average, they predict Chesapeake Energy's stock price to reach 90.91 in the next year. Their CHK stock forecasts range from 57.00 to 115.00. The company has not responded to a request for comment. 12 analysts have issued 12-month price targets for Chesapeake Energy's shares. The stock has now rocketed more than 8-fold since closing at a record low of $8.71 on May 14, and 350% since April 15, when a 1-for-200 reverse stock went into effect. The previous record one-day gain was 96.0% on March 13. The oil and gas company's stock shot up 195% in midday trading, which would be a one-day record gain by far, a day after soaring 76.5% on Friday.
Trading volume was 8.3 million shares, already more than triple the full-day average of 2.6 million shares.
Nearly tripled in active trading, and have soared more than 5-fold in two days (up 421%), as an agreement by major oil producing nations over the weekend to extend production cuts and recent better-than-expected economic data helped fuel optimism over continued gains in crude oil prices.