Natural Gas Supplies Light up US Natural Gas Fund, Chesapeake, and Devon (CHK, DVN, UNG)

United States Natural Gas Fund, LP (NYSE:UNG)

Shares of the United States Natural Gas Fund, LP (NYSE:UNG) are up 5.9%, Chesapeake Energy Corp. (NYSE:CHK) up 1.28% and Devon Energy Corporation (NYSE:DVN) climbing 1.8% thanks to natural gas supplies dropping for the second week in a row.

(MarketWatch | theStockMasters.com) -- Natural gas futures jumped 7% on Thursday, after the Energy Information Administration reported another drop in U.S. natural gas supplies. Natural gas for January delivery was recently up 40 cents, or 7.3%, at $5.86 per million British thermal units.

After nearly nine months of build-ups, natural gas in storage in the U.S. fell for the second week in a row, this time by 207 billion cubic feet, the EIA said. The drop was much bigger than expected. Analysts surveyed by Platts expected no more than a 4 billion cubic feet withdrawal.

Here are the stocks moving on the news and the links to Google Finance:

Valuation Operating metrics

Company name Exchange Price Change Chg % Earnings per share Mkt Cap Return on avg assets Return on avg equity
UNG United States Natural ... NYSE 10.64 +0.58 5.77% -20.93 4.13B -70.17 -70.24
CHK Chesapeake Energy Corp. NYSE 25.23 +0.32 1.28% -10.45 16.34B 2.56 6.47
DVN Devon Energy Corporation NYSE 69.10 +1.23 1.81% -22.59 30.69B 7.25 13.99

 

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