Basic Materials Worth Chasing: Chesapeake Energy Corporation (CHK), Whiting Petroleum Corporation (WLL)
- Author: Zachary Reyes Feb 24, 2017,
Feb 24, 2017, 16:37
SunTrust Banks now has a "Buy" rating on the stock.
CHK has been the subject of a number of other reports.
01/20/2017 - Chesapeake Energy Corporation had its "buy" rating reiterated by analysts at SunTrust. Finally, Harris Associates L P raised its stake in shares of Chesapeake Energy Corporation by 1,007.7% in the third quarter. Chesapeake Energy Corporation options bulls are likely celebrating today's jump, with CHK's 10-day call/put volume ratio International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sitting in the 95th percentile of its annual range, with 8.46 calls bought to open for every put option.
2/5/2017-Credit Suisse Group Reiterated Rating of Hold.
Looking forward, for the quarter ending Mar-17, 4 analysts have a mean sales target of 2,202.46 million.
Mizuho Initiated its coverage for Chesapeake Energy Corporation (NYSE:CHK) in a note sent to investors on 20-Dec-16. If you are viewing this article on another website, it was stolen and republished in violation of United States & worldwide trademark & copyright laws. The Predicted Move on the 7th day after Chesapeake Energy Corporation (NYSE:CHK) will release its earnings at about 7%.
Chesapeake Energy Corporation (NYSE:CHK) is now showing its ROA (Return on Assets) of -42.1%. The Closing Price of the stock before earnings was $5.65 while on the Next day the stock closed its trading session at $5.71 with a percentage change of 1.06% from the price of 5.65 before Earnings. Chesapeake Energy Corporation has a 52-week low of $2.50 and a 52-week high of $8.20. The company's market cap is $4.41 billion.
The 52-week high of Chesapeake Energy Corporation (NYSE:CHK) is $8.2 and the 52-week low is $2.07. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.07.
The cost-cutting hurt revenue, which fell again, to $2.02 billion in the quarter. CHK's revenue was down -23.7% compared to the same quarter past year. The estimated EPS for the current quarter is said to be $0.06. Amalgamated Bank now owns 79,148 shares of the oil and gas exploration company's stock worth $398,000 after buying an additional 64,328 shares during the period.
The $741 million fourth-quarter loss translates to a loss of 84 cents a share.
The biggest institutional shareholders in Chesapeake Energy Corporation include Southeastern Asset Management Inc which owns 92 million shares in the company valued at $578.23 million.
The stock was able to keep return on assets at 3.47% in the trailing twelve month while Reuters data showed that industry's average stands at 6.81% and sector's optimum level is 2.41%. Buy rating has been given by 2 analysts to the company stock whereas 4 analysts given UNDERPERFORM rating to stock and 23 analysts given HOLD rating. The number of shares now owned by investors are 283.32 mln.
11/10/2016 - Chesapeake Energy Corporation was upgraded to "hold" by analysts at Jefferies. The Market Capitalization of the company stands at 5.24 Billion.
The marketing gathering and compression operating segment is responsible for marketing gathering and compression of oil natural gas and NGL.