Chesapeake Energy Corporation (NYSE:CHK)

Andrew Cummings
March 9, 2017

Chesapeake Energy Corporation got Upgrade on 24-Feb-17 where investment firm UBS Upgrade the stock from Sell to Neutral.

Several other research analysts have also issued reports on the company.

Several sell side analysts reviewed their recommendations on Chesapeake Energy Corporation (NYSE:CHK) where 2 analyst have rated the stock as Strong Buy, 4 analysts said it's a Buy, 23 rated the stock as Hold, 4 analysts reported Underperform and 1 analysts gave their recommendations as Sell.

Over the past five trading sessions shares of Chesapeake Energy Corporation (NYSE:CHK) are -11.31%; -22.57% for the month; -33.96% for the last quarter; -27.35% for the past six-months; and 14.88% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. Finally, Zacks Investment Research downgraded Chesapeake Energy Corporation from a "buy" rating to a "hold" rating in a report on Tuesday, December 27th. Jefferies Group LLC upgraded Chesapeake Energy Corporation from an "underperform" rating to a "hold" rating in a report on Tuesday, January 31st.


Analysts' mean recommendation for Chesapeake Energy Corporation (CHK) stands at 2.90. The current consensus recommendation provided by covering analysts is 2.90.

While Looking at Sales Growth (Year/est), the company is now showing a percentage value of 1540 percent. It trades at an average volume of 41.51M shares versus 65.42M shares recorded at the end of last trading session.

On 9/20/2016 Archie W Dunham, Director, bought 1,000,000 with an average share price of $6.67 per share and the total transaction amounting to $6,670,000.00. The stock's market capitalization is 4.75B.

Chesapeake Energy Corporation (NYSE:CHK) topped its 52-week high price target of 8.2 on Dec 12, 2016. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.07. Analysts are forecasting earnings of $0.2 on a per share basis this quarter. During the same period in the prior year, the company posted ($0.16) EPS. The company has a 1 Year high price target of $7.53. If you are accessing this news story on another domain, it was copied illegally and republished in violation of USA and global copyright law. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/03/09/deutsche-bank-ag-lowers-chesapeake-energy-co-chk-price-target-to-8-00.html.


A number of large investors have recently added to or reduced their stakes in CHK. Chesapeake Energy Corporation P/E (price to earnings) ratio is 0 and Forward P/E ratio of 4.36.

Its sales stood at -1.90% a year on average in the period of last five years. The number of shares now owned by investors are 220.78 mln. Allianz Asset Management AG now owns 8,521,908 shares of the oil and gas exploration company's stock worth $59,824,000 after buying an additional 10,593,589 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in Chesapeake Energy Corporation during the third quarter valued at $3,060,000. The stock traded at a volume of 34 million shares.

On 3/11/2014 Chesapeake Energy announced a quarterly dividend of $0.09 1.39% with an ex dividend date of 4/10/2014 which will be payable on 4/30/2014. Mitsubishi UFJ Kokusai Asset Management Co. The marketing, gathering and compression segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. 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.


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