November 29, 2016 - By Ruchi Gupta · 0 Comments
The stock of Chesapeake Energy Corporation (NYSE:CHK) registered an increase of 24.11% in short interest. CHK’s total short interest was 138.00M shares in November as published by FINRA. Its up 24.11% from 111.18M shares, reported previously. With 60.32M shares average volume, it will take short sellers 2 days to cover their CHK’s short positions. The short interest to Chesapeake Energy Corporation’s float is 19.02%. About 17.14M shares traded hands. Chesapeake Energy Corporation (NYSE:CHK) has declined 3.94% since April 26, 2016 and is downtrending. It has underperformed by 9.20% the S&P500.
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 $5.36 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.
Insitutional Activity: The institutional sentiment increased to 1.76 in Q2 2016. Its up 0.39, from 1.37 in 2016Q1. The ratio improved, 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.
Comml Bank Of Mellon holds 5.99M shares or 0.01% of its portfolio. Nomura has 0% invested in the company for 187,355 shares. Covey Capital Advsrs Ltd Company, a Georgia-based fund reported 159,321 shares. Blackrock Group holds 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 2.14 million shares. Citigroup accumulated 0.01% or 1.95M shares. Ls Limited Liability holds 0.01% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 27,918 shares. Integral Derivatives Ltd last reported 0.01% of its portfolio in the stock. Quantbot Limited Partnership, a New York-based fund reported 14,446 shares. Ngam L P has 55,747 shares for 0% of their US portfolio. Oarsman has 144,050 shares for 0.32% of their US portfolio. Moody Commercial Bank Division holds 0% or 10,415 shares in its portfolio. Parkside Fincl Bank has invested 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). Farmers Merchants Invs holds 125 shares or 0% of its portfolio. Commonwealth Equity, a Massachusetts-based fund reported 147,078 shares. Blackrock Japan last reported 65,172 shares in the company.
Insider Transactions: Since August 17, 2016, the stock had 3 insider purchases, and 0 insider sales for $9.07 million net activity. DUNHAM ARCHIE W bought $6.67M worth of stock. RYAN THOMAS L had bought 50,000 shares worth $279,650.
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 stock has “Hold” rating given by Deutsche Bank on Wednesday, October 14. Macquarie Research maintained it with “Neutral” rating and $3.50 target price in Thursday, February 25 report. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Neutral” rating given on Tuesday, July 21 by Simmons & Co. Wunderlich downgraded Chesapeake Energy Corporation (NYSE:CHK) on Thursday, January 28 to “Hold” rating. SunTrust upgraded it to “Buy” rating and $15 target price in Monday, July 27 report. The firm earned “Sector Perform” rating on Tuesday, August 11 by RBC Capital Markets. UBS maintained Chesapeake Energy Corporation (NYSE:CHK) on Thursday, August 6 with “Sell” rating. The rating was maintained by Deutsche Bank on Tuesday, June 14 with “Hold”. FBR Capital initiated Chesapeake Energy Corporation (NYSE:CHK) on Tuesday, September 13 with “Underperform” rating. The rating was upgraded by Jefferies to “Hold” on Thursday, November 10.
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: Investorplace.com which released: “Chesapeake Energy Corporation (CHK) Stock Is Tougher Than You Think” on November 01, 2016, also Prnewswire.com published article titled: “CHK ALERT: Rosen Law Reminds Chesapeake Energy Corporation Investors of …”, Seekingalpha.com published: “Chesapeake Energy: Don’t Ignore This Opportunity” on November 22, 2016. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) was released by: Schaeffersresearch.com and their article: “Chesapeake Energy Corporation (CHK) Calls Run Hot as Stock Sizzles” with publication date: November 15, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Ruchi Gupta