Cliffs Natural Resources Inc. (CLF) continued its upward trend with the stock climbing 19.43% or $1.85 to close the day at $11.37 on active trading volume of 90.94M shares, compared to its three month average trading volume of 14.71M. The Cleveland Ohio 44114 based company has been outperforming the industrial metals & minerals group over the past 52 weeks, with the stock gaining 535.2%, compared to the industry which has advanced 107.59% over the same period. With RSI of 71.08, the stock should still continue to rise and get closer to its one year target estimate of $8, making it a hold for now.
Cliffs Natural Resources Inc., a mining and natural resources company, produces and supplies iron ore. The company operates five iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia, which produces lump and fines iron ore. It also own two iron ore mines in Eastern Canada. Cliffs Natural Resources Inc. sells its iron products to integrated steel companies and steel producers in the United States, China, Canada, and internationally. The company was formerly known as Cleveland-Cliffs Inc. Cliffs Natural Resources Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.
Chesapeake Energy Corporation (CHK) grew with the stock adding 3.1% or $0.19 to close at $6.31 on light trading volume of 31.51M compared its three months average trading volume of 47.65M. The Oklahoma City Oklahoma 73118 based company operating under the Independent Oil & Gas industry has been trending up for the last 52 weeks, with the shares price now 271.18% up for the period and down by -10.11% so far this year. With price target of $7.65 and a 312.42% rebound from 52-week low, Chesapeake Energy Corporation has plenty of upside potential, making it a hold with a view buy.
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 operates in two segments, Exploration and Production; and Marketing, Gathering, and Compression. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas. It also holds interests in liquids-rich resource plays, such as the Eagle Ford Shale in South Texas; the Utica Shale in Ohio and Pennsylvania; the Anadarko Basin in northwestern Oklahoma and the Texas Panhandle; and the Niobrara Shale in the Powder River Basin in Wyoming. The company owns interests in approximately 32,400 oil and natural gas wells. As of December 31, 2015, it had estimated proved reserves of 1.504 billion barrels of oil equivalent. The company also provides oil, natural gas, and NGL marketing services comprising commodity price structuring, securing and negotiating gathering, hauling, processing and transportation, contract administration, and nomination services for Chesapeake-operated wells; and marketing services for third-party producers, as well as designs, engineers, fabricates, installs, and sells natural gas compression units, accessories, and equipment used in the production, treatment, and processing of oil and natural gas. Chesapeake Energy Corporation was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.
AK Steel Holding Corporation (AKS) continued its upward trend with the stock climbing 7.71% or $0.62 to close the day at $8.66 on higher than average trading volume of 30.58M shares, compared to its three month average trading volume of 23.03M. The West Chester Ohio 45069 based company has been outperforming the steel & iron companies by 42.4676% for last three months and its recent gains have offset losses to -15.18% YTD, versus the steel & iron industry which is up 7.72% for the same period. The RSI of 46.4 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, including coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms. The company also produces carbon and stainless steel that is finished into welded steel tubing, which is used in the automotive, large truck, industrial, and construction markets; buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania. It sells its flat-rolled carbon steel products primarily to automotive manufacturers and to customers in the infrastructure and manufacturing markets, including electrical transmission, heating, ventilation and air conditioning equipment, and appliances; and coated, cold-rolled, and hot-rolled carbon steel products to distributors, service centers, and converters. The company sells its stainless steel products to manufacturers and their suppliers in the automotive industry; manufacturers of food handling, chemical processing, pollution control, and medical and health equipment; and distributors and service centers. It also sells electrical steel products to manufacturers of power transmission and distribution transformers, as well as for use in the manufacture of electrical motors and generators. AK Steel Holding Corporation was founded in 1993 and is headquartered in West Chester, Ohio.