Stock of The Day: Is Chesapeake Energy Corporation a Sell? The Stock Declines Again

Stock of The Day: Is Chesapeake Energy Corporation a Sell? The Stock Declines Again

The stock of Chesapeake Energy Corporation (NYSE:CHK) is a huge mover today! About 8.88M shares traded hands. Chesapeake Energy Corporation (NYSE:CHK) has risen 36.44% since March 10, 2016 and is uptrending. It has outperformed by 28.92% the S&P500.
The move comes after 6 months negative chart setup for the $4.77B company. It was reported on Oct, 13 by We have $5.63 PT which if reached, will make NYSE:CHK worth $381.60M less.

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. Deutsche Bank maintained Chesapeake Energy Corporation (NYSE:CHK) rating on Wednesday, August 10. Deutsche Bank has “Hold” rating and $5 price target. Deutsche Bank maintained Chesapeake Energy Corporation (NYSE:CHK) rating on Tuesday, June 14. Deutsche Bank has “Hold” rating and $4 price target. Deutsche Bank maintained the stock with “Hold” rating in Friday, March 11 report. The firm has “Market Perform” rating given on Friday, September 4 by BMO Capital Markets. The rating was maintained by UBS on Thursday, August 6 with “Sell”. The stock has “Hold” rating given by Deutsche Bank on Wednesday, October 14. The firm has “Neutral” rating by Credit Suisse given on Wednesday, July 22. Deutsche Bank maintained Chesapeake Energy Corporation (NYSE:CHK) rating on Wednesday, December 9. Deutsche Bank has “Hold” rating and $6 price target. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Hold” rating given on Thursday, August 18 by Deutsche Bank. On Monday, September 21 the stock rating was upgraded by Vetr to “Buy”.

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 Q2 2016. Its up 0.84, from 0.53 in 2016Q1. The ratio is positive, 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.
Moreover, Louisiana State Employees Retirement has 0.01% invested in Chesapeake Energy Corporation (NYSE:CHK) for 38,400 shares. Deere And Company has 30,851 shares for 0.01% of their US portfolio. Bnp Paribas Inv Partners owns 17,824 shares or 0% of their US portfolio. The Wisconsin-based Johnson Fincl Gp has invested 0% in Chesapeake Energy Corporation (NYSE:CHK). State Of Tennessee Treasury Department holds 542,634 shares or 0.01% of its portfolio. Aqr Cap Mgmt Llc holds 1.39 million shares or 0.01% of its portfolio. Oppenheimer Com Inc last reported 66,570 shares in the company. Raymond James Fin Services owns 224,267 shares or 0.01% of their US portfolio. Southeast Asset Advsrs last reported 11,500 shares in the company. Oakbrook Limited Liability Company last reported 0.02% of its portfolio in the stock. Stoneridge Inv Prtnrs Limited Liability Company has 283,213 shares for 0.18% of their US portfolio. Ontario Teachers Pension Plan Board holds 0.01% or 294,435 shares in its portfolio. Cwm Lc holds 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 100 shares. Tcw last reported 0% of its portfolio in the stock. Pinebridge Invs Lp last reported 23,090 shares in the company.

Insider Transactions: Since August 17, 2016, the stock had 3 buys, and 0 insider sales for $9.07 million net activity. DUNHAM ARCHIE W also bought $2.13 million worth of Chesapeake Energy Corporation (NYSE:CHK) on Monday, August 22. Another trade for 50,000 shares valued at $279,650 was made by RYAN THOMAS L on Wednesday, August 17.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: which released: “Chesapeake sues McClendon’s estate as probate hearings continue” on October 11, 2016, also with their article: “Chesapeake Energy’s Rally Is Just The Beginning” published on October 13, 2016, published: “Robbins Arroyo LLP: Chesapeake Energy Corporation (CHK) Misled Shareholders …” on October 06, 2016. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: and their article: “Chesapeake Energy Corporation Announces Private Placement Of $850 Million Of …” published on September 29, 2016 as well as‘s news article titled: “Option Bull Risks $500K on Chesapeake Energy Corporation (CHK)” with publication date: October 11, 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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