Chesapeake Energy Corp (CHK) Has Stock More Room to Run

Lloyd Doyle
November 15, 2017

Shares of Chesapeake Energy Corporation (NYSE:CHK) traded up $0.03 during trading hours on Friday, hitting $4.14. Three analysts have issued estimates for Chesapeake Energy Corporation's earnings. The analysts estimated sales for the higher end at 2343.36 million and lower end at 2140 million while the year ago reported sale was 2388.97 million. Chesapeake Energy Corporation's quarterly revenue was down 16.8% compared to the same quarter last year. research analysts expect that Chesapeake Energy Corporation will post 0.74 earnings per share for the current fiscal year. (NYSE:CHK) last announced its earnings results on Thursday, November 3rd. Currently, 902.1 million total shares are owned by the public and among those 900.27 million shares have been available to trade. On October 19, 2017 Piper Jaffray Companies released research on CHK stating a rating of "Hold" and a price target of $4.00. The oil and gas exploration company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.02.

Consequently Chesapeake Energy Corp (NYSE:CHK)'s weekly and monthly volatility is 5.69%, 4.78% respectively.

The company's net income for the quarter ended September30 was $6.8 million, compared to$4.4 millionfor the same quarter of 2016. During the same quarter in the prior year, the firm posted $0.09 EPS.

Chesapeake has annual revenue of almost $500 million a year. According to today's trading volume Chesapeake Energy Corporation is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days. Stifel Nicolaus reissued a "buy" rating on shares of Chesapeake Energy Corporation in a research note on Friday, July 21st. Johnson Rice upgraded Chesapeake Energy Corp. from a "hold" rating to an "accumulate" rating in a report on Tuesday, July 26th.


The rise in oil prices could just be the catalyst CHK stock needs. Currently, Chesapeake Energy Corporation (NYSE:CHK) has an average volume of 28.66 Million. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. It has been assigned a low target price of $1.5 and a high target price of $8. Chesapeake Utilities Corporation has a 52 week low of $62.15 and a 52 week high of $82.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.44. The firm has a market capitalization of $1,310.00, a P/E ratio of 29.91, a P/E/G ratio of 4.74 and a beta of 0.26.

Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP acquired a new position in shares of Chesapeake Energy Corp. during the third quarter valued at $23,963,000. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company's stock valued at $161,000 after purchasing an additional 226 shares in the last quarter. BlueCrest Capital Management Ltd grew its position in Chesapeake Energy Corporation by 341.2% in the second quarter. You can do this by looking for the average analyst rating on the company's stock. Vanguard Group Inc. raised its position in shares of Chesapeake Energy Corp.by 13.7% in the second quarter. These ratios are important while doing valuation of the company or the shares of the company. As of the end of the quarter California State Teachers Retirement System had sold 83,872 shares trimming its holdings by 5.0%. The return on assets stands at -3.9%, Return on Equity now is 16.2% and the Return on Investment value is -56.9%. Institutional investors own 64.55% of the company's stock. If you are viewing this news story on another site, it was copied illegally and republished in violation of global trademark & copyright laws. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and worldwide trademark and copyright legislation.

The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.

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