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Is Chesapeake Energy Corp (NYSE:CHK) Going to Burn These Institutional Investors?

13 January 2018

Principal Financial Group Inc bought 150,899 shares as the company's stock declined 5.25% while stock markets rallied. As per Wednesday, June 21, the company rating was downgraded by Macquarie Research. This company shares tumbled -42.52% from their most recent record high of $7.29 and now hold $3.86 billion in market value of equity. However, 9.40% over the last one month, 6.08% for the last quarter and year to date performance stands at 5.81%. That activity is comparable to their recent volume average trend of almost 26.08 million shares which they recorded over a period of three months. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has declined 41.70% since January 12, 2017 and is downtrending. It has outperformed by 67.44% the S&P500. Advisor Partners Limited Liability Corp stated it has 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Jefferies Group downgraded Chesapeake Energy from a hold rating to an underperform rating and dropped their price target for the stock from $4.00 to $2.00 in a research note on Monday, October 9th. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company's stock valued at $282,000 after acquiring an additional 164 shares during the last quarter. Brandes Investment Partners Lp who had been investing in Chesapeake Energy Corp for a number of months, seems to be bullish on the $3.81 billion market cap company. IL now owns 29,469 shares of the oil and gas exploration company's stock worth $146,000 after acquiring an additional 2,800 shares during the last quarter. About 33.20M shares traded or 24.99% up from the average.

Chesapeake Energy Corporation (CHK) was also brought into the spotlight with a $0.19 rise. It has outperformed by 33.04% the S&P500. Scotiabank set a $4.00 price objective on Chesapeake Energy and gave the company a "hold" rating in a research note on Wednesday, November 22nd. Therefore 86% are positive. Deutsche Bank Ag reported 512,652 shares.

One of the trending stocks on Thursday was Cenveo, Inc. The rating was upgraded by Guggenheim on Friday, December 4 to "Buy". Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The firm earned "Sell" rating on Thursday, August 6 by UBS. The firm has "Buy" rating by Needham given on Friday, September 15. The rating was reinitiated by JP Morgan with "Neutral" on Thursday, November 3. Citigroup maintained the shares of CHK in report on Monday, September 14 with "Neutral" rating. The company was maintained on Tuesday, August 1 by Canaccord Genuity.

Investors sentiment increased to 0.84 in Q3 2017. Its down 4.73, from 8.4 in 2017Q2. The number of shares now owned by investors are 97.08 mln. 11 funds opened positions while 22 raised stakes. Bessemer Group Inc invested in 0% or 1,000 shares. Stifel Fincl Corp stated it has 1.12 million shares. Driehaus Capital Management Ltd Liability Corp has 16,682 shares for 0.03% of their portfolio. The New York-based Stuyvesant Capital Management has invested 3.87% in the stock. Metropolitan Life Insurance Ny has 0% invested in Corium International, Inc. 165,736 were accumulated by Utah Retirement Sys. Ledyard Commercial Bank holds 2 shares or 0% of its portfolio. Amalgamated Bank owns 30,106 shares or 0.04% of their United States portfolio. (NASDAQ:CORI) for 1,459 shares. Amer Intl Grp reported 270,741 shares. Therefore 22% are positive.

Equities researchers at SunTrust Banks upped their FY2019 EPS estimates for Chesapeake Energy in a research note issued on Tuesday, Zacks Investment Research reports. Mizuho initiated Chesapeake Energy Corporation (NYSE:CHK) on Tuesday, December 20 with "Neutral" rating. The company now has a consensus rating of Hold and an average price target of $5.15. The stock has "Hold" rating by Deutsche Bank on Tuesday, June 14. Barclays Capital maintained the shares of CHK in report on Wednesday, October 11 with "Underweight" rating.

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Investors sentiment increased to 1.25 in 2017 Q3.

Mallinckrodt Public Limited Company (NYSE:MNK) closed up +0.51 points or 2.28% at $22.9 with 1.81 mln shares exchanging hands. It improved, as 53 investors sold Chesapeake Energy Corporation shares while 94 reduced holdings.

A number of hedge funds have recently added to or reduced their stakes in the stock. The investment professionals in our partner's database now hold: 575.42 million shares, down from 577.13 million shares in 2017Q2. Investment Centers Of America Inc, a North Dakota-based fund reported 38,780 shares. According to their observations and findings, the stock could provide a high EPS of $0.39/share and a low EPS of $0.11/share. The Ontario - Canada-based Intact Inv has invested 0.06% in Hess Corporation (NYSE:HES). Canada Pension Plan Investment Board has 10 shares. Steinberg Asset Mgmt invested 0.03% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). Pomelo Cap Limited Co holds 0.14% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 760,500 shares. Highbridge Capital Mngmt Limited Company invested in 419,050 shares or 0.03% of the stock. It has been assigned a low target price of $1.5 and a high target price of $8. Associated Banc invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Magnetar Finance stated it has 0.04% of its portfolio in Thomson Reuters Corporation (NYSE:TRI). Vanguard Gru Inc holds 0.02% or 114.74M shares. Bb&T Securities Ltd Company reported 11,325 shares. The company has also vertically integrated its operations and owns substantial marketing, midstream and oilfield services businesses directly and indirectly through its subsidiaries Chesapeake Energy Marketing, Inc., Chesapeake Midstream Development, L.P. and Chesapeake Oilfield Services, L.L.C. and its affiliate Chesapeake Midstream Partners, L.P.

CHK has been the topic of several research analyst reports. During the same quarter a year ago, the company earned $0.09 EPS. The institutional investor held 5.07 million shares of the oil & gas production company at the end of 2017Q3, valued at $21.78M, up from 4.39M at the end of the previous reported quarter. After $0.12 actual earnings per share reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts 91.67% EPS growth.