Chesapeake Energy Corporation (CHK) Stock Looks Good for a Trade

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In the last earnings report the EPS was $-33.88 and is projected to be $0.76 for the current year with 891,375,000 shares now outstanding. Accordingly, the company had completed 61 wells in the Eagle Ford basin in 1H17, and wanted to increase this number to 100 wells in 2H17. The utilities provider reported $0.37 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.55 by $0.18. For the past 5 years, the company's revenue has grown -7.5%, while the company's earnings per share has grown -36.8%. Zacks' sales calculations are an average based on a survey of sell-side research firms that follow Chesapeake Energy Corporation.

Chesapeake Energy Corporation (NYSE:CHK) last issued its earnings results on Thursday, August 3rd. The firm had revenue of $125.08 million for the quarter, compared to the consensus estimate of $116.50 million. The company's quarterly revenue was up 22.2% compared to the same quarter a year ago. During the same period past year, the firm posted ($0.14) earnings per share.

Investors are more bullish on the company recently as inferred by the downtick in short interest. Four investment analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. Chesapeake Energy Corporation has a consensus rating of Hold and an average price objective of $6.42. Chesapeake Energy Corporation has been given an analysts' mean target of 5.22. Stifel Nicolaus maintained it with "Hold" rating and $186 target in Wednesday, December 14 report.

Also covering Chesapeake Energy Corporation's target, a total of 25 equity analysts have released a research note on Chesapeake Energy Corporation. The stock presently has an average rating of "Hold" and an average price target of $68.60.


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Cutter & CO Brokerage Inc. bought a new position in shares of Chesapeake Utilities Corporation (NYSE:CPK) during the fourth quarter, Holdings Channel reports. The shares were acquired at an average cost of $4.11 per share, for a total transaction of $102,750.00. Adage Capital Partners GP L.L.C. now owns 296,575 shares of the company's stock worth $18,109,000 after buying an additional 250,000 shares during the last quarter. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. M&T Bank Corp now owns 15,323 shares of the utilities provider's stock valued at $1,061,000 after purchasing an additional 360 shares in the last quarter.

Several institutional investors have recently modified their holdings of the stock. Meeder Asset Management owns 0.04% invested in Chesapeake Energy Corporation (NYSE:CHK) for 52,267 shares. The Southeastern Asset Management Inc holds 49.80M shares with $349.61 million value, down from 92.22M last quarter. Chesapeake Energy Corporation's institutional ownership is 67.5%, while its institutional transactions stand at 0.01%. Archford Capital Strategies LLC bought a new position in Chesapeake Energy Corporation in the 2nd quarter worth approximately $984,000. Russell Investments Group Ltd. raised its holdings in shares of Chesapeake Utilities Corporation by 71.5% in the 1st quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company's stock worth $237,402,000 after buying an additional 3,982,812 shares in the last quarter. Its opening price on the last trading day was $3.76.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Seekingalpha.com which released: "Chesapeake Energy Corp.: The Data Is Pretty Ugly" on August 26, 2017, also Investorplace.com with their article: "Why Chesapeake Energy Corporation (CHK) Stock Is Still Too Risky" published on August 25, 2017, Seekingalpha.com published: "Why Are Chesapeake Energy Shares Tumbling?" on August 30, 2017. 21,945,851 shares of the company were exchanged. Chesapeake Utilities Corporation has a 52-week low of $57.63 and a 52-week high of $81.10. The stock is trading $4.41 its 50-day moving average by 0.65%. The firm has a market cap of $1.07 billion, a P/E ratio of 24.24 and a beta of 0.20. It operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

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