The stock of Chesapeake Energy Corporation (NYSE:CHK) is a huge mover today! About 77.39M shares traded hands or 44.60% up from the average. Chesapeake Energy Corporation (NYSE:CHK) has declined 10.78% since April 27, 2016 and is downtrending. It has underperformed by 16.01% the S&P500.
The move comes after 9 months positive chart setup for the $6.24B company. It was reported on Nov, 30 by Barchart.com. We have $7.56 PT which if reached, will make NYSE:CHK worth $499.20 million more.
Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on February, 22. They expect $0.08 EPS, up 150.00% or $0.24 from last year’s $-0.16 per share. CHK’s profit will be $71.31 million for 21.88 P/E if the $0.08 EPS becomes a reality. After $0.09 actual EPS reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
Chesapeake Energy Corporation (NYSE:CHK) Ratings Coverage
Out of 25 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 5 rate it a “Buy”, 5 “Sell”, while 15 “Hold”. This means 20% are positive. Chesapeake Energy Corporation has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Tudor Pickering on Tuesday, April 12 to “Hold”. Wunderlich maintained Chesapeake Energy Corporation (NYSE:CHK) on Tuesday, January 5 with “Buy” rating. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Neutral” rating given on Tuesday, November 17 by Sterne Agee CRT. The firm has “Market Perform” rating given on Friday, September 4 by BMO Capital Markets. The rating was maintained by Deutsche Bank on Wednesday, December 9 with “Hold”. As per Thursday, February 25, the company rating was maintained by RBC Capital Markets. Macquarie Research maintained it with “Neutral” rating and $3.50 target price in Thursday, February 25 report. The firm earned “Buy” rating on Thursday, July 21 by Tudor Pickering. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Sell” rating given on Friday, February 12 by UBS. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Hold” rating given on Tuesday, June 14 by Deutsche Bank.
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 1.76 in 2016 Q2. Its up 0.39, from 1.37 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.
The Nebraska-based Farmers Merchants Investments has invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Huntington Bancorporation reported 21,991 shares or 0.01% of all its holdings. Amp Capital Ltd accumulated 42,700 shares or 0% of the stock. The New York-based Bluefin Trading Ltd Liability has invested 0.04% in Chesapeake Energy Corporation (NYSE:CHK). Whittier Trust Company accumulated 0% or 150 shares. Moreover, Pinebridge Invests Limited Partnership has 0.01% invested in Chesapeake Energy Corporation (NYSE:CHK) for 23,090 shares. Moreover, Mraz Amerine Assoc has 0.04% invested in Chesapeake Energy Corporation (NYSE:CHK) for 26,875 shares. Susquehanna Gru Ltd Liability Partnership holds 1.20 million shares or 0% of its portfolio. Dynamic Capital Mgmt Ltd accumulated 0.44% or 883,590 shares. Gsa Capital Prtnrs Llp holds 0.01% or 44,970 shares in its portfolio. Old Mutual Glob (Uk) Limited has invested 0.13% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). Bancshares Of Montreal Can holds 0.02% or 4.27M shares in its portfolio. Acadian Asset Management Limited Liability has 0% invested in the company for 925 shares. The Florida-based Dreman Value L L C has invested 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Moody State Bank Trust Division accumulated 0% or 10,415 shares.
Insider Transactions: Since August 17, 2016, the stock had 3 insider purchases, and 0 insider sales for $9.07 million net activity. Another trade for 1.00M shares valued at $6.67 million was made by DUNHAM ARCHIE W on Tuesday, September 20. 50,000 shares were bought by RYAN THOMAS L, worth $279,650.
More recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Benzinga.com which released: “Chesapeake Energy Higher Off Rally In Crude Oil” on November 30, 2016. Also Seekingalpha.com published the news titled: “Chesapeake Energy Returns To The Powder River Basin” on November 28, 2016. Investorplace.com‘s news article titled: “Chesapeake Energy Corporation (CHK) Stock Is Tougher Than You Think” with publication date: November 01, 2016 was also an interesting one.
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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