Chesapeake Energy Corporation (CHK) Traders Should Start Listening to Analysts

Owen Stevens
June 5, 2017

The average 1-year price target for Kimberly-Clark Corporation (KMB) reveals an average price target of $131.93 per share. "(CHK)" was reported by Stock Observer and is owned by of Stock Observer.

03/23/2017 - Stifel Nicolaus began new coverage on Chesapeake Energy Corporation giving the company a "buy" rating.

While taking an overview of recommendation trends, the stock now has an average brokerage recommendation of 2.83. Deutsche Bank maintained the shares of CHK in report on Wednesday, October 14 with "Hold" rating. Barclays PLC boosted their target price on Chesapeake Energy from $4.00 to $5.00 and gave the stock an "underweight" rating in a research report on Thursday, January 26th. Credit Suisse Group AG restated a "hold" rating and set a $7.00 target price on shares of Chesapeake Energy in a research report on Sunday, February 5th. 20,000 Chesapeake Energy Corporation (NYSE:CHK) shares with value of $105,260 were bought by MARTIN R BRAD.

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Stock market analysts and brokers have recently amended their target prices on shares of Chesapeake Energy Corporation (NYSE:CHK). The company's 50-day moving average price is $5.45 and its 200 day moving average price is $6.14. Chesapeake Energy has a 1-year low of $3.93 and a 1-year high of $8.20. The stock exchanged hands 46.72 Million shares versus average trading capacity of 40.17 Million shares, yielding a market cap of $4.63 Billion.

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According to consensus agreement of 27 analysts Chesapeake Energy Corporation (NYSE:CHK) will report earnings per share of $0.15 in their quarterly report and it is expected to announce the company's results on 8/3/17. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.10 billion. However the company reported $-0.14 earnings per share for the same quarter during past year.

Some buy side analysts are also providing their Analysis on Chesapeake Energy Corporation, where 3 analysts have rated the stock as Strong buy, 5 analysts have given a Buy signal, 22 said it's a HOLD, 5 reported it as Underperform and 0 analysts rated the stock as Sell.

By historical standards, Chesapeake Energy Corporation remains a cheap stock. Dividends are mostly given in terms of cash payments, property or as shares of stock. Following the acquisition, the director now directly owns 440,355 shares of the company's stock, valued at $2,201,775. The stock was acquired at an average price of $5.24 per share, with a total value of $2,620,000.00. Following the transaction, the director now directly owns 4,637,717 shares of the company's stock, valued at approximately $24,301,637.08. The disclosure for this purchase can be found here. Based on an average trading volume of 44,873,218 shares, the short-interest ratio is presently 3.6 days.

A number of other institutional investors have also modified their holdings of the stock. Teachers Advisors LLC increased its stake in Chesapeake Energy by 8.4% in the first quarter. In the last three months, insiders have bought 595,000 shares of company stock valued at $3,100,200. FMR LLC increased its stake in Chesapeake Energy by 0.3% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company's stock worth $103,000 after buying an additional 1,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Chesapeake Energy by 532.2% in the third quarter. The institutional investor acquired 266,546 shares of the oil and gas exploration company's stock, valued at approximately $1,583,000. National Planning Corp raised its position in Chesapeake Energy by 13.8% in the fourth quarter. National Planning Corp now owns 17,051 shares of the oil and gas exploration company's stock valued at $110,000 after buying an additional 2,069 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Chesapeake Energy during the fourth quarter worth about $16,613,000.

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