Monday, 23 October, 2017

Chesapeake Energy Corporation (CHK) Cut to Underperform at Jefferies Group LLC

Chesapeake Energy Wall Street Analysts’ Recommendations Jefferies Begins Coverage on Chesapeake Energy Corporation (CHK) With A Rating Of “Underperform”
Conrad Doyle | 12 October, 2017, 18:53

Chesapeake Energy Corporation (NYSE:CHK) had a decrease of 1.01% in short interest. On October 9 the company was downgraded from "Underperform" to "Underperform" with a current price target of $2.00 in an announcement from Jefferies.

Chesapeake Energy Corporation (CHK)'s RSI (Relative strength index) is at 40.74, its ATR (Average True Range) value is 0.17, while its Beta factor was calculated at 2.21. Now have a look at past performance (weekly performance to year to date performance) how Chesapeake Energy Corporation (CHK) has been moved; whether it performed well or not. Finally, Stifel Nicolaus reissued a "buy" rating on shares of Chesapeake Energy Corporation in a report on Friday, July 21st. Bernstein downgraded Chesapeake Energy Corporation (NYSE:CHK) on Tuesday, November 3 to "Market Perform" rating.

Investors are more bearish on Chesapeake Energy Corporation lately at least if you consider the rise in short interest. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. They issued a "market perform" rating and a $5.50 target price on the stock.

Shares of Chesapeake Energy Corporation (CHK) traded down 2.380% during midday trading on Monday, reaching $3.856. It is now trading at $3.99 which is marginally lower than $4.00, the 50 day moving average and a great deal lower than the 200 day moving average of $4.84. The company holds 902.00 million outstanding shares and 899.93 million shares are floating in market. In looking the SMA 50 we see that the stock has seen a -4.48% while it has a distance of -25.86% from the 200 days simple moving average. These analysts have also projected a Low Estimate of $0.06/share and a High Estimate of $0.23/share. Advisory Services Network LLC increased its stake in Chesapeake Energy Corporation by 42.6% in the 2nd quarter. The company reported the earnings of $0.18/Share in the last quarter where the estimated EPS by analysts was $0.15/share. They expect $0.15 earnings per share, up 66.67% or $0.06 from last year's $0.09 per share.

Weighted Alpha is used to calculate how much a share has gone up or down over a certain period, normally a year.

WARNING: This report was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & global copyright law. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2017/10/12/chesapeake-energy-corporation-chk-given-a-3-00-price-target-by-bmo-capital-markets-analysts.html. On Friday, May 26 the insider MARTIN R BRAD bought $105,260. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional owners hold 67.10% stake while Insiders ownership held at 1.00% in the company. Archford Capital Strategies LLC acquired a new position in shares of Chesapeake Energy Corporation in the second quarter worth $984,000. As of December 31, 2016, it owned interests in approximately 22,700 oil and natural gas wells. Finally, Public Employees Retirement System of OH increased its stake in Chesapeake Energy Corporation by 45.9% in the 2nd quarter. EPE has a net profit margin of -21.90% and is less profitable than the average company in the Independent Oil & Gas industry. US Bancorp DE now owns 37,164 shares of the oil and gas exploration company's stock valued at $221,000 after acquiring an additional 7,733 shares during the period. Pennsylvania-based Valley Advisers Inc has invested 0% in Chesapeake Energy Corporation (NYSE:CHK).

Institutions own 44.80% of Overstock.com, Inc. It has a diverse resource base of onshore the United States unconventional natural gas and liquids assets. 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.

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids in the United States.

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