Price Action To Observe: After Today’s Big Increase, Is Chesapeake Energy Corporation’s Near-Term Analysis Positive?

Price Action To Observe: After Today's Big Increase, Is Chesapeake Energy Corporation's Near Term Analysis Positive?

The stock of Chesapeake Energy Corporation (NYSE:CHK) is a huge mover today! About 29.14M shares traded hands. Chesapeake Energy Corporation (NYSE:CHK) has risen 87.35% since March 2, 2016 and is uptrending. It has outperformed by 79.09% the S&P500.
The move comes after 9 months positive chart setup for the $5.22B company. It was reported on Oct, 5 by We have $10.21 PT which if reached, will make NYSE:CHK worth $2.66B more.

Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on November, 2. They expect $-0.01 earnings per share, up 80.00% or $0.04 from last year’s $-0.05 per share. After $-0.14 actual earnings per share reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts -92.86% EPS growth.

Chesapeake Energy Corporation (NYSE:CHK) Ratings Coverage

Out of 22 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 5 rate it a “Buy”, 6 “Sell”, while 11 “Hold”. This means 23% are positive. Chesapeake Energy Corporation has been the topic of 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Tudor Pickering given on Tuesday, April 12. The stock has “Market Perform” rating given by BMO Capital Markets on Friday, September 4. Deutsche Bank maintained the shares of CHK in a report on Wednesday, December 9 with “Hold” rating. Vetr upgraded it to “Buy” rating and $9.40 target price in Monday, September 21 report. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Hold” rating by Wunderlich on Thursday, January 28. The firm has “Underperform” rating by FBR Capital given on Tuesday, September 13. Barclays Capital maintained Chesapeake Energy Corporation (NYSE:CHK) rating on Friday, January 29. Barclays Capital has “Underweight” rating and $1 price target. Wunderlich maintained Chesapeake Energy Corporation (NYSE:CHK) on Tuesday, January 5 with “Buy” rating. Raymond James downgraded Chesapeake Energy Corporation (NYSE:CHK) on Monday, January 4 to “Underperform” rating. Deutsche Bank maintained it with “Hold” rating and $10 target price in Wednesday, October 14 report.

According to Zacks Investment Research, “Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake owns interests in producing oil and gas wells concentrated in three primary operating areas: the Mid-Continent region of Oklahoma, western Arkansas, southwestern Kansas and the Texas Panhandle; the Gulf Coast region consisting primarily of the Austin Chalk Trend in Texas and Louisiana and the Tuscaloosa Trend in Louisiana; and the Helmet area of northeastern British Columbia.”

Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.84, from 0.53 in 2016Q1. The ratio increased, as 54 funds sold all Chesapeake Energy Corporation shares owned while 87 reduced positions. 55 funds bought stakes while 138 increased positions. They now own 483.96 million shares or 3.30% less from 500.46 million shares in 2016Q1.
Sol Mngmt has 60,750 shares for 0.09% of their US portfolio. The Massachusetts-based Moors Cabot has invested 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Bluestein R H And has invested 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). Advantus Capital Management last reported 56,909 shares in the company. The Australia-based Amp Cap Ltd has invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Boston Private Wealth Ltd Liability Co, a Massachusetts-based fund reported 427,689 shares. Argentus Mngmt Ltd Liability has invested 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). Brookstone Cap Mngmt last reported 10,362 shares in the company. Ontario Teachers Pension Plan Board accumulated 294,435 shares or 0.01% of the stock. Bbt Cap Limited, a Texas-based fund reported 205,168 shares. Advisory Svcs Networks Lc has 8,456 shares for 0.01% of their US portfolio. The Guernsey-based Airain Limited has invested 0.04% in Chesapeake Energy Corporation (NYSE:CHK). Synovus holds 0% or 3,960 shares in its portfolio. First Manhattan owns 911,658 shares or 0.02% of their US portfolio. Cibc Asset owns 53,877 shares or 0% of their US portfolio.

Insider Transactions: Since August 17, 2016, the stock had 3 insider purchases, and 0 insider sales for $9.07 million net activity. 350,000 shares with value of $2.13M were bought by DUNHAM ARCHIE W on Monday, August 22. $279,650 worth of Chesapeake Energy Corporation (NYSE:CHK) was bought by RYAN THOMAS L.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: which released: “Commit To Buy Chesapeake Energy Corp. At $2, Earn 18.5% Using Options” on October 05, 2016, also with their article: “Chesapeake Energy Corporation Announces Pricing And Upsizing Of Private …” published on September 29, 2016, published: “Another Tremendous Change For Chesapeake” on October 04, 2016. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: and their article: “Chesapeake Energy Corporation Announces Final Results Of Cash Tender Offers …” published on September 27, 2016 as well as‘s news article titled: “Icahn Cuts Chesapeake Energy Corporation Stake (CHK)” with publication date: September 21, 2016.

CHK Company Profile

Chesapeake Energy Corporation (Chesapeake), incorporated on November 19, 1996, is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Firm operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. The Firm owns interests in approximately 43,700 oil and natural gas wells, and produces an average of approximately 660 thousand barrels of oil equivalent (mboe) per day. It has a diverse resource base of onshore the United States unconventional natural gas and liquids assets. It has positions in resource plays of 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’s natural gas resource plays are 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. The Firm also owns oil and natural gas marketing, and natural gas gathering and compression businesses.

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