May 06 2017
Balyasny Asset Ltd Limited Liability Company accumulated 77,388 shares or 0.04% of the stock. Chesapeake Energy Corp (Put) now has $4.86B valuation.
Hedge funds have recently modified their holdings of the company. The business earned $185.20 million during the quarter, compared to analysts' expectations of $159.70 million.
The natural gas company posted revenue of $2.75 billion in the period. Harris Associates L P raised its stake in Chesapeake Energy by 1,007.7% in the third quarter. Putnam Investments LLC now owns 15,394 shares of the oil and gas exploration company's stock valued at $108,000 after buying an additional 1,000 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in shares of Chesapeake Energy by 25.4% in the first quarter. Hollencrest Securities LLC raised its position in Chesapeake Energy by 6.1% in the first quarter. Cleararc Capital Inc. increased its stake in Chesapeake Energy by 13.2% in the fourth quarter.
On a per-share basis, the Oklahoma City-based company said it had net income of 8 cents. It turned negative, as 66 investors sold CHK shares while 91 reduced holdings.
Shares of Chesapeake Energy Co.
Ratings analysis reveals 22% of Chesapeake Energy Corporation's analysts are positive. However, despite this, the company's stock plunged close to 7.5% post the earnings release because of the sudden drop in oil prices on the back of rising United States oil production.
Chesapeake Energy Corporation (CHK) has a 52-week high of $8.20 and a 52-week low of $3.56. The company's last traded volume of 31.04 million shares was above it's an average volume of 39.48 million shares. Chesapeake Energy also was the target of some unusual options trading on Wednesday.
Chesapeake Energy (NYSE:CHK) last announced its earnings results on Thursday, May 4th. The oil and gas exploration company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04.
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Chesapeake Energy forecast capital expenditures of $1.9 - $2.5 billion.
For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.14 per share according to consensus of 28 analysts.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another domain, it was stolen and reposted in violation of global trademark & copyright laws. Chesapeake Energy Corporation (NYSE:CHK) has declined 19.91% since September 23, 2016 and is downtrending.
In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Jefferies Group LLC upgraded Chesapeake Energy from an "underperform" rating to a "hold" rating in a research report on Tuesday, January 31st. Royal Bank of Canada restated a "hold" rating and issued a $7.00 target price on shares of Chesapeake Energy in a research note on Tuesday, April 25th. Out of rating recommendations 3 have given the stock a Buy while 5 recommend the stock as Outperform. Prudential Financial Inc. now owns 51,149 shares of the utilities provider's stock worth $3,123,000 after buying an additional 21,160 shares during the last quarter. Looking back over the last month, shares have performed -10.44%. Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
Chesapeake Energy Corporation (CHK) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. Tracking most recent quarter period, Price to cash per share ration is at 5.30. Following the completion of the purchase, the director now owns 4,637,717 shares in the company, valued at approximately $24,301,637.08. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
On 3/20/2017 Jeffry M. Householder, Insider, sold 1,400 with an average share price of $68.73 per share and the total transaction amounting to $96,222.00.
Another driver? Oil. Crude oil prices were down by more than 4% on Thursday and hit its lowest levels in months. The Firm operates through the development, manufacture and marketing of regenerative medical products and devices segment. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
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