Friday, 15 December 2017
Latest news
Main » Morning Buzz Chesapeake Energy Corporation (NYSE:CHK)

Morning Buzz Chesapeake Energy Corporation (NYSE:CHK)

12 October 2017

Chesapeake Energy Corporation (NYSE:CHK) had a decrease of 1.01% in short interest.

A total of 25 brokerages have released a report on Chesapeake Energy Corporation. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $4.44. Wealthtrust holds 0% in Chesapeake Energy Corporation (NYSE:CHK) or 500 shares.

Chesapeake Energy Corporation's average Free Cash Flow per Share Growth Rate was -125.1 percent during the past 12 months. Moreover, Cambridge Advisors has 0.01% invested in Chesapeake Energy Corporation (NYSE:CHK) for 87,803 shares. With 31.29M avg volume, 6 days are for Chesapeake Energy Corporation (NYSE:CHK)'s short sellers to cover CHK's short positions. Scotiabank reissued a "hold" rating and issued a $5.00 target price on shares of Chesapeake Energy Corporation in a report on Friday, June 30th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. On October 9 the stock rating was downgraded from "Underperform" to "Underperform" with a current price target of $2.00 in a report from Jefferies.

The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $1.07 billion.

The company is down by 4.89%% since yesterday's close of 4.19. If we take a long term observation, shares have been trading at a distance of -21.59% from the 200-day moving average.

Looking at the stock's movement on the chart, Chesapeake Energy Corporation have shares float of 22.21%. Advisory Services Network LLC increased its stake in Chesapeake Energy Corporation by 42.6% in the 2nd quarter.

USA to withdraw from UNESCO due to anti-Israel bias
The agency is known for designating world heritage sites such as Syria's Palmyra and the US Grand Canyon. There has been no immediate comment from the United States government.

While considering EPS estimates of the company, it has next quarter growth estimates of 0.21 whereas during current year it has 0.72 estimations over growth, comparing to the estimations of 0.74 during next year.

Among analysts who offered their Analysis on Chesapeake Energy Corporation (CHK)-2 analysts issued Buy for the stock, 3 analysts gave Outperform rating, 20 think it's a Hold, 5 issued Underperform, while 0 analyst gave a Sell rating. The Return on Equity (ROE) value stands at 49.3%. The 50 day moving average moved down $-0.15 whereas the 200 day average was down by -20.26%.

Shares of Chesapeake Energy Corporation (CHK) opened at 3.95 on Tuesday.

On a similar note, analysts expect EPS of $0.13 in September 2017 quarter and $0.22 in December 2017 quarter, representing 44.44% and 214.29% growth, respectively.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this report on another website, it was stolen and republished in violation of global copyright and trademark legislation. The correct version of this piece of content can be read at https://www.truebluetribune.com/2017/10/12/chesapeake-energy-corporation-chk-cut-to-underperform-at-jefferies-group-llc.html. Separately, Director MARTIN R BRAD Buy 20400 shares of the company at a price of $4.55 on 2017-06-23. On Tuesday, August 11 the stock rating was maintained by RBC Capital Markets with "Sector Perform". The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Hedge funds and other institutional investors own 64.56% of the company's stock. Archford Capital Strategies LLC acquired a new position in shares of Chesapeake Energy Corporation in the second quarter worth $984,000. Finally, Public Employees Retirement System of OH increased its stake in Chesapeake Energy Corporation by 45.9% in the 2nd quarter. It also reduced Adobe Systems Inc (NASDAQ:ADBE) stake by 3,930 shares and now owns 61,574 shares. Moreover, Deutsche Bancorp Ag has 0% invested in Chesapeake Energy Corporation (NYSE:CHK) for 510,763 shares. US Bancorp DE now owns 37,164 shares of the oil and gas exploration company's stock valued at $221,000 after acquiring an additional 7,733 shares during the period. Corecommodity Mgmt Ltd Company holds 0.06% in Chesapeake Energy Corporation (NYSE:CHK) or 13,560 shares. It has a diverse resource base of onshore the United States unconventional natural gas and liquids assets. It operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

Morning Buzz Chesapeake Energy Corporation (NYSE:CHK)