Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company's stock worth $111,000 after buying an additional 508 shares during the period.
Other large investors have also modified their holdings of the company. Harris Associates L P raised its position in shares of Chesapeake Energy Corporation by 96.4% in the first quarter. Cleararc Capital Inc. raised its position in shares of Chesapeake Energy Corporation by 2.8% in the first quarter. Greylin Investment Mangement Inc. now owns 325,000 shares of the oil and gas exploration company's stock worth $1,931,000 after buying an additional 26,450 shares during the last quarter. Hollencrest Securities LLC raised its position in shares of Chesapeake Energy Corporation by 6.1% in the first quarter. The stock was up as much as 3.5% in the opening minute, after the oil and gas exploration company reported second-quarter results, then pulled back to be down as much as 2.6% a little after 10 a.m. ET, before bouncing slightly to be down 1.2% in afternoon trade. Kentucky Retirement Systems bought a new stake in Chesapeake Energy Corporation during the fourth quarter worth $380,000. Arizona State Retirement System boosted its position in shares of Chesapeake Energy Corporation by 0.3% in the second quarter. Chesapeake Energy Corporation has a 1-year low of $4.38 and a 1-year high of $8.20.
On the other hand the company has Relative Strength Index (RSI 14) of 43.21 along with Average True Range (ATR 14) of 0.21, Consequently Chesapeake Energy Corp (NYSE:CHK)'s weekly and monthly volatility is 4.80%, 4.29% respectively. The stock's 50 day moving average is $4.84 and its 200 day moving average is $5.50.
Citigroup "Maintained" Chesapeake Energy Corp (NYSE:CHK) in a research note issued to investors on 7/21/17 to Neutral with price target of $5.
The Oklahoma City, Okla. -based E&P reported earnings per share of 18 cents on sales of $2.2 billion, nearly 30% ahead of the FactSet consensus of 14 cents per share.
The company was trading up more than 3% Thursday, Aug. 3 after announcing that its second quarter earnings beat analyst expectations despite a downturn in volume over the same quarter previous year of about 25%.
Dollar Bounces From 15-month Low
Sterling was steady, with GBP/USD at 1.3208 after rising to a ten-month peak of 1.3232 in Asian trade earlier. In June, personal consumption expenditures (PCE) increased $8.1 billion, or 0.1 per cent.
Receive Chesapeake Energy Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy Corporation with MarketBeat.com's FREE daily email newsletter. During the same period in the prior year, the firm earned ($0.10) EPS. Chesapeake Energy Corporation's revenue for the quarter was up 40.6% on a year-over-year basis.
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Currently, Chesapeake Energy has a Zacks Rank #3 (Hold) but that could change following its second-quarter 2017 earnings report which has just released.You can see the complete list of today's Zacks #1 Rank stocks here.
Analysts await Chesapeake Energy Corporation (NASDAQ:CHK) to report earnings on Aug, 03 for the fiscal quarter ending Jun 2017. ValuEngine lowered Chesapeake Energy Corporation from a buy rating to a hold rating in a research report on Friday, June 9th. Rhumbline Advisers raised its position in Chesapeake Energy Corporation by 20.5% in the second quarter. Vetr upgraded Chesapeake Energy Corporation from a "sell" rating to a "hold" rating and set a $4.80 target price on the stock in a research report on Wednesday, July 5th. Finally, Stifel Nicolaus reiterated a "buy" rating on shares of Chesapeake Energy Corporation in a research report on Friday, July 21st. Chesapeake Energy Corporation has a consensus rating of "Hold" and a consensus target price of $6.74. The stock was acquired at an average price of $5.00 per share, with a total value of $375,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Following the completion of the acquisition, the director now directly owns 522,358 shares in the company, valued at $2,376,728.90. The disclosure for this purchase can be found here. Insiders have bought a total of 115,400 shares of company stock worth $573,020 over the last three months. Corporate insiders own 1.10% of the company's stock.
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates through two segments: Regulated Energy and Unregulated Energy. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
Several other brokerages also recently issued reports on CHK.
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