FBR & Co Comments on Chesapeake Energy Co.'s Q1 2017 Earnings (CHK)
- Author: Zachary Reyes Mar 15, 2017,
Mar 15, 2017, 18:20
For the quarter, shares have been noted at -29.87%. The co has price volatility of 5.22% for a week and 4.31% for a month.
The company reported its EPS on 02/23/2017.
Chesapeake Energy Corporation (NYSE:CHK) is now showing its ROA (Return on Assets) of -36.2%. The current consensus recommendation provided by covering analysts is 2.90. The business had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $2.09 billion. Chesapeake Energy's revenue for the quarter was down 23.7% compared to the same quarter previous year. The company's past year sales total was 1.95 Billion.
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Several other equities analysts also recently commented on CHK. Ladenburg Thalmann Financial Services raised their target price on shares of Chesapeake Energy from $6.00 to $7.50 in a research report on Sunday, December 4th. Scotiabank restated a "hold" rating and set a $8.00 price target on shares of Chesapeake Energy in a report on Tuesday.
In related news, Director Archie W. Dunham acquired 500,000 shares of Chesapeake Energy stock in a transaction that occurred on Wednesday, March 8th. Finally, Wunderlich reissued a "buy" rating and set a $10.00 price objective on shares of Chesapeake Energy in a research report on Tuesday, January 24th.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.88 on the shares of Chesapeake Energy Corporation (NYSE:CHK). After a recent spot-check, the stock has touched $5.12 which represents a change from the open of -1.54%. The stock presently has an average rating of "Hold" and an average target price of $7.31.
The share price of Chesapeake Utilities Corporation (NYSE:CPK) was down -0.07% during the last trading session, with a day high of 67.15. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -6.66%.
Company shares have been seen trading -37.56% off of the 52 week high and 45.04% away from the 52 week low. Shares have risen 16.14% over the trailing 6 months. Zacks Investment Research gave Chesapeake Energy Corporation (NYSE:CHK) a rating of 2.9 on a scale of 1 to 5. The number of shares now owned by investors are 959.22 mln. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Institutional investors and hedge funds own 66.74% of the company's stock. Metropolitan Life Insurance Co. Janus Capital Management LLC increased its position in shares of Chesapeake Energy by 1,510.7% in the fourth quarter. The company stated average daily production of 574,500 barrels of oil equivalent for the fourth quarter of 2016 and anticipates average daily production in the range of 515,000 to 535,000 barrels per oil equivalent for the current quarter. Schwab Charles Investment Management Inc. now owns 2,324,687 shares of the oil and gas exploration company's stock worth $9,950,000 after buying an additional 174,336 shares in the last quarter. Amalgamated Bank raised its position in Chesapeake Energy by 434.1% in the second quarter. The stock traded between $5.30 and $5.51 on volume of 32.82 million shares traded. Beta value of the stock stands at 2.02.
Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States.