BidaskClub cut shares of Chesapeake Energy Corporation (NYSE:CHK) from a hold rating to a sell rating in a research note published on Thursday.
Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada restated a hold rating and issued a $7.00 price target on shares of Chesapeake Energy Corporation in a research note on Tuesday, April 25th. Vetr cut Chesapeake Energy Corporation from a strong-buy rating to a buy rating and set a $5.23 price target on the stock. in a research note on Tuesday, July 11th. SunTrust Banks, Inc. restated a buy rating and issued a $9.00 price target on shares of Chesapeake Energy Corporation in a research note on Monday, May 1st. Jefferies Group LLC set a $6.00 price target on Chesapeake Energy Corporation and gave the company a hold rating in a research note on Tuesday, June 6th. Finally, Macquarie cut Chesapeake Energy Corporation from a neutral rating to an underperform rating and increased their price target for the company from $3.93 to $4.00 in a research note on Wednesday, June 21st. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $6.66.
Shares of Chesapeake Energy Corporation (NYSE CHK) remained flat at $5.06 during midday trading on Thursday. The company’s stock had a trading volume of 41,607,527 shares. The company has a 50-day moving average of $4.84 and a 200 day moving average of $5.55. The firm’s market cap is $4.51 billion. Chesapeake Energy Corporation has a 52 week low of $4.38 and a 52 week high of $8.20.
Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings data on Thursday, May 4th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 7.64% and a negative net margin of 35.84%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business posted ($0.10) EPS. Equities analysts forecast that Chesapeake Energy Corporation will post $0.78 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This news story was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/07/29/chesapeake-energy-corporation-chk-lowered-to-sell-at-bidaskclub.html.
In other Chesapeake Energy Corporation news, Director Thomas L. Ryan acquired 75,000 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average cost of $5.00 per share, with a total value of $375,000.00. Following the completion of the purchase, the director now directly owns 440,355 shares of the company’s stock, valued at approximately $2,201,775. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Brad Martin acquired 20,400 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Friday, June 23rd. The stock was acquired at an average cost of $4.55 per share, for a total transaction of $92,820.00. Following the completion of the purchase, the director now directly owns 522,358 shares of the company’s stock, valued at $2,376,728.90. The disclosure for this purchase can be found here. Insiders purchased 115,400 shares of company stock worth $573,020 over the last ninety days. 1.10% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Chesapeake Energy Corporation by 8.3% in the first quarter. Vanguard Group Inc. now owns 91,145,308 shares of the oil and gas exploration company’s stock worth $541,403,000 after buying an additional 6,948,058 shares in the last quarter. Harris Associates L P increased its stake in Chesapeake Energy Corporation by 96.4% in the first quarter. Harris Associates L P now owns 65,475,640 shares of the oil and gas exploration company’s stock worth $388,926,000 after buying an additional 32,145,200 shares in the last quarter. State Street Corp increased its stake in Chesapeake Energy Corporation by 6.0% in the first quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock worth $260,083,000 after buying an additional 2,476,711 shares in the last quarter. Mackenzie Financial Corp increased its stake in Chesapeake Energy Corporation by 1.9% in the first quarter. Mackenzie Financial Corp now owns 9,067,381 shares of the oil and gas exploration company’s stock worth $53,860,000 after buying an additional 171,476 shares in the last quarter. Finally, Schneider Capital Management Corp increased its stake in Chesapeake Energy Corporation by 34.1% in the first quarter. Schneider Capital Management Corp now owns 7,534,855 shares of the oil and gas exploration company’s stock worth $44,757,000 after buying an additional 1,918,000 shares in the last quarter. 64.87% of the stock is currently owned by institutional investors and hedge funds.
About Chesapeake Energy Corporation
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: 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.
Receive News & Ratings for Chesapeake Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
