Chesapeake Energy Corporation Stock Soars on Q4 Earnings Beat

Andrew Cummings
February 23, 2018

Active and passive investors always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data. It opened the session with a $23.3 price tag, later ranging from $22.3 to $23.3, the range at which the stock has traded at throughout the day. About 50.90M shares traded or 62.53% up from the average. It has underperformed by 2.01% the S&P500. (NYSE:CHK) opened at $2.73 on Tuesday. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The hedge fund held 2.16 million shares of the oil & gas production company at the end of 2017Q3, valued at $9.28M, up from 1.10 million at the end of the previous reported quarter.

The stock increased 0.67% or $0.45 during the last trading session, reaching $67.9. It has outperformed by 8.74% the S&P500. Chesapeake Utilities had 13 analyst reports since August 10, 2015 according to SRatingsIntel. As per Tuesday, July 25, the company rating was maintained by Piper Jaffray. Citigroup maintained LifePoint Health, Inc. Citigroup maintained it with "Buy" rating and $56 target in Wednesday, February 24 report. The firm has "Buy" rating by Citigroup given on Friday, October 2. However, the average 12-month price target of $4.42 stands at a 64.6% premium to the stock's current trading levels. The stock of ExlService Holdings, Inc. The consensus rating is 3.1, suggesting the market has given up on the stock. Shares for $87,200 were bought by PIECZYNSKI JAMES on Wednesday, January 3.

Parametric Associates Ltd Liability Corporation stated it has 3.31M shares. Oarsman Capital Inc. raised its holdings in Chesapeake Energy by 14.6% in the fourth quarter. During the same quarter in the prior year, the firm earned $0.07 EPS. Highbridge Ltd reported 419,050 shares or 0.03% of all its holdings. Pub Sector Pension Board, a Quebec - Canada-based fund reported 48,505 shares. Cmt Asset Mngmt invested in 0.01% or 51,700 shares. Comerica Retail Bank holds 303,120 shares or 0.01% of its portfolio.

Cray Inc. (NASDAQ:CRAY) shares ended at $22.5 with 0.41 mln shares exchanging hands. (NASDAQ:LPNT). 9,490 are held by Teachers Retirement System Of The State Of Kentucky. Capital Rech Investors invested in 0.04% or 32.49 million shares. First Allied Advisory Services invested in 61,406 shares.

Pax World Management Llc holds 1.12% of its portfolio in Unitil Corporation for 396,177 shares. The Florida-based Private Capital Management Llc has invested 1% in the stock. Sigma Planning has 41,169 shares for 0.01% of their portfolio. Chesapeake Energy Corp (NYSE:CHK)'s price to earnings ratio stood at 0.


Net income reported by Chesapeake Energy Corporation for the fourth quarter of the year came in at $334 million. The count of Hold ratings in that period was 19.

While taking a look at financials, we can look at a number of key indicators about Chesapeake Energy Corporation (CHK). The rating was upgraded by SunTrust to "Buy" on Monday, July 27. That puts the market capitalization at $939.15 mln. PiperJaffray has "Neutral" rating and $4 target. The stock has "Underperform" rating by Raymond James on Monday, January 4.

Investors sentiment decreased to 1.01 in Q3 2017. Its up 0.06, from 1.19 in 2017Q2. Decreases Holdings in Chesapeake Energy Co.

Among new and sold out positions, 66 holders initiated new positions by a total of 11.1 million shares and 54 holders exited their positions by a total of 16.17 million shares. Raymond James And Assoc reported 317,256 shares.

Chesapeake Energy's stock was trading at $3.07 per share, though it was down 30.4% for the year. Moreover, Commerzbank Aktiengesellschaft Fi has 0.03% invested in Chesapeake Energy Corporation (NYSE:CHK).


Oil, natural gas and natural gas liquids revenue was up 18 percent despite a 14 percent drop in production. Insider ownership increased by a total of 116880 shares, which suggests that CHK's key executives are feeling more optimistic about the outlook for the stock.

Chesapeake Energy Corporation (CHK) stock price distance from twenty day simple moving average slumped at -16.87% while its distance from fifty day simple moving average declined -24.65% along with -34.61% below distance from two hundred simple moving averages. Wellington Grp Ltd Liability Partnership has 10,800 shares. Rhumbline Advisers reported 1.47 million shares.

"The severity of the sell-off in CHK shares has caught us by surprise", one analyst says.

For the full year, Chesapeake posted a profit of $953 million, or 90 cents a share, up from a loss of $4.4 billion, or $6.43 a share, in 2016. Lazard Asset Management Llc accumulated 717,500 shares. The number of shares now owned by investors are 951.94 mln.


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