Analysts gives Ally Financial Inc (NYSE:ALLY) a mean recommendation of 2.00. Therefore, if Chesapeake Energy Corporation meet or beat analysts' forecasts of earnings, its earnings per share would see a decrease of about -290%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. The First National Bank & Trust Co Of Newtown holds 150,628 shares with $4.53M value, down from 161,234 last quarter. National Planning Corp boosted its position in Chesapeake Energy by 13.8% in the fourth quarter.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -12.34%, and has a poor year to date (YTD) performance of -23.36% which means the stock is constantly subtracting to its value from the previous fiscal year end price. The Tennessee-based Southeastern Asset Management Inc Tn has invested 3.37% in the stock. TX now owns 166,643 shares of the oil and gas exploration company's stock valued at $1,045,000 after buying an additional 15,257 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Chesapeake Energy by 4.6% in the third quarter. The company's market cap is $4.95 Billion, and the average volume is 38.86 Million. Over the same time span, the stock marked US$8.2 as its best level and the lowest price reached was US$3.56.
Chesapeake Energy (NYSE:CHK) opened at 5.52 on Friday. About shares traded. Aqua America Inc (NYSE:WTR) has risen 10.38% since September 16, 2016 and is uptrending. The Market Capitalization of the company stands at 4.95 Billion. Tightening the gaze, stock performance for the last 5 trading days is -5.45%.
A number of research firms have issued reports on CHK. Seaport Global Securities also issued estimates for Chesapeake Energy's Q1 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.21 EPS.
According to sentiments of 9 analysts the company is expected to report revenues of $2.33B for the current quarter.
Since the beginning of the calendar year, the stock is -23.36%. Earnings per share serves as an indicator of a company's profitability. After $0.28 actual EPS reported by Aqua America Inc for the previous quarter, Wall Street now forecasts 3.57% EPS growth.
TRADEMARK VIOLATION NOTICE: "Putnam Investments LLC Has $108,000 Stake in Chesapeake Energy Co".
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COPYRIGHT VIOLATION WARNING: This article was originally reported by Markets Daily and is the sole property of of Markets Daily. The original version of this piece can be viewed at https://transcriptdaily.com/2017/04/25/chesapeake-energy-co-chk-pt-set-at-6-00-by-scotiabank.html.
Several research firms have weighed in on CHK. A rating of 4 or 5 would represent a Sell recommendation.
Chesapeake Energy Corporation (CHK) has a 52-week high of $8.20 and a 52-week low of $3.56.
Chesapeake Energy Corporation had its "underweight" rating reiterated by analysts at Barclays. Wunderlich reissued a "buy" rating and set a $10.00 price objective on shares of Chesapeake Energy in a report on Wednesday, March 29th.
UBS Upgrade its coverage for Chesapeake Energy Corporation (CHK) in a note sent to investors on 24-Feb-17. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. The company has a consensus rating of Hold and an average target price of $7.51.
In related news, Director Archie W. Dunham acquired 500,000 shares of the stock in a transaction dated Wednesday, March 8th. Harris Associates L P now owns 33,340,440 shares of the oil and gas exploration company's stock worth $209,045,000 after buying an additional 30,330,440 shares during the last quarter. The purchase was disclosed in a filing with the SEC, which is available through this link. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression.
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
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