November 25, 2016 - By Winifred Garcia · 0 Comments
Chesapeake Energy Corp (NYSE:CHK) institutional sentiment increased to 1.76 in 2016 Q2. Its up 0.39, from 1.37 in 2016Q1. The ratio improved, as 193 investment managers increased and opened new equity positions, while 141 sold and reduced their holdings in Chesapeake Energy Corp. The investment managers in our partner’s database now possess: 483.96 million shares, down from 500.46 million shares in 2016Q1. Also, the number of investment managers holding Chesapeake Energy Corp in their top 10 equity positions increased from 1 to 3 for an increase of 2. Sold All: 54 Reduced: 87 Increased: 138 New Position: 55.
Chesapeake Energy Corporation is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The company has a market cap of $6.03 billion. The Firm operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression. It currently has negative earnings. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.
The stock decreased 0.75% or $0.05 during the last trading session, hitting $6.59. About 20.67 million shares traded hands. Chesapeake Energy Corporation (NYSE:CHK) has risen 1.37% since April 22, 2016 and is uptrending. It has underperformed by 4.04% the S&P500.
Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on February, 22. They expect $0.08 earnings per share, up 150.00% or $0.24 from last year’s $-0.16 per share. CHK’s profit will be $73.20M for 20.59 P/E if the $0.08 EPS becomes a reality. After $0.09 actual earnings per share reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
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.”
Ridgemont Partners Management Llc holds 8.39% of its portfolio in Chesapeake Energy Corporation for 341,691 shares. Encompass Capital Advisors Llc owns 5.23 million shares or 6.63% of their US portfolio. Moreover, Old West Investment Management Llc has 3.71% invested in the company for 1.19 million shares. The Pennsylvania-based Schneider Capital Management Corp has invested 2.8% in the stock. Steadfast Capital Management Lp, a New York-based fund reported 16.62 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 buys, and 0 selling transactions for $9.07 million net activity.
Ratings analysis reveals 20% of Chesapeake Energy Corporation’s analysts are positive. Out of 25 Wall Street analysts rating Chesapeake Energy Corporation, 5 give it “Buy”, 5 “Sell” rating, while 15 recommend “Hold”. The lowest target is $0.50 while the high is $15. The stock’s average target of $7.34 is 11.38% above today’s ($6.59) share price. CHK was included in 59 notes of analysts from July 21, 2015. As per Friday, February 12, the company rating was maintained by UBS. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Sell” rating by UBS on Friday, October 21. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Hold” rating by Deutsche Bank on Wednesday, August 10. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Buy” rating by Tudor Pickering on Thursday, July 21. The stock has “Hold” rating given by Deutsche Bank on Thursday, August 18. UBS maintained Chesapeake Energy Corporation (NYSE:CHK) on Thursday, August 6 with “Sell” rating. The firm has “Underperform” rating by FBR Capital given on Tuesday, September 13. The firm has “Neutral” rating given on Tuesday, November 17 by Sterne Agee CRT. The firm earned “Underperform” rating on Monday, January 4 by Raymond James. Barclays Capital maintained the stock with “Underweight” rating in Friday, January 29 report.
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.
More important recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Seekingalpha.com which released: “Chesapeake Energy: Don’t Ignore This Opportunity” on November 22, 2016, also Investorplace.com published article titled: “Chesapeake Energy Corporation (CHK) Stock Is Tougher Than You Think”, Schaeffersresearch.com published: “Chesapeake Energy Corporation (CHK) Calls Run Hot as Stock Sizzles” on November 15, 2016. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) was released by: Investorplace.com and their article: “3 Big Stock Charts: Chesapeake Energy Corporation (CHK), Home Depot Inc (HD …” with publication date: November 14, 2016.
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By Winifred Garcia