Chesapeake Energy Corp (NYSE:CHK) Sentiment Improved, Because

January 13, 2018 - By Dolores Ford

 Chesapeake Energy Corp (NYSE:CHK) Sentiment  Improved,  Because

Sentiment for Chesapeake Energy Corp (NYSE:CHK)

Chesapeake Energy Corp (NYSE:CHK) institutional sentiment increased to 1.25 in 2017 Q3. Its up 0.06, from 1.19 in 2017Q2. The ratio is positive, as 184 institutional investors started new or increased equity positions, while 147 reduced and sold their equity positions in Chesapeake Energy Corp. The institutional investors in our partner’s database reported: 575.42 million shares, down from 577.13 million shares in 2017Q2. Also, the number of institutional investors holding Chesapeake Energy Corp in their top 10 equity positions increased from 2 to 3 for an increase of 1. Sold All: 53 Reduced: 94 Increased: 136 New Position: 48.

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company has market cap of $3.83 billion. It operates in two divisions, Exploration and Production; and Marketing, Gathering, and Compression. It currently has negative earnings. The firm holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

The stock increased 2.15% or $0.09 during the last trading session, reaching $4.28. About 33.20 million shares traded or 24.99% up from the average. Chesapeake Energy Corporation (NYSE:CHK) has risen 49.74% since January 13, 2017 and is uptrending. It has outperformed by 33.04% the S&P500.

Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on February, 22. They expect $0.23 earnings per share, up 228.57 % or $0.16 from last year’s $0.07 per share. CHK’s profit will be $205.87M for 4.65 P/E if the $0.23 EPS becomes a reality. After $0.12 actual earnings per share reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts 91.67 % EPS growth.

Akanthos Capital Management Llc holds 5.17% of its portfolio in Chesapeake Energy Corporation for 750,000 shares. Old West Investment Management Llc owns 2.16 million shares or 4.87% of their US portfolio. Moreover, Schneider Capital Management Corp has 4.38% invested in the company for 5.66 million shares. The New York-based Stuyvesant Capital Management has invested 3.87% in the stock. Southeastern Asset Management Inc Tn, a Tennessee-based fund reported 42.91 million shares.#img1#

Chesapeake Energy Corporation (NYSE:CHK) Ratings Coverage

Ratings analysis reveals 22% of Chesapeake Energy Corporation’s analysts are positive. Out of 32 Wall Street analysts rating Chesapeake Energy Corporation, 7 give it “Buy”, 8 “Sell” rating, while 17 recommend “Hold”. The lowest target is $0.50 while the high is $15. The stock’s average target of $6.16 is 43.93% above today’s ($4.28) share price. CHK was included in 88 notes of analysts from July 21, 2015. Barclays Capital maintained Chesapeake Energy Corporation (NYSE:CHK) rating on Friday, January 29. Barclays Capital has “Underweight” rating and $1 target. On Tuesday, November 14 the stock rating was maintained by BMO Capital Markets with “Hold”. On Tuesday, October 25 the stock rating was upgraded by RBC Capital Markets to “Sector Perform”. The firm has “Neutral” rating by Credit Suisse given on Wednesday, July 22. As per Thursday, May 11, the company rating was downgraded by Bank of America. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Underperform” rating given on Thursday, June 9 by RBC Capital Markets. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Underperform” rating given on Monday, January 4 by Raymond James. The stock has “Underperform” rating by FBR Capital on Tuesday, September 13. On Tuesday, November 17 the stock rating was downgraded by Sterne Agee CRT to “Neutral”. As per Friday, September 9, the company rating was upgraded by Wunderlich.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Seekingalpha.com which released: “The Suicide Mission Of Insider Buying At Chesapeake Energy” on January 07, 2018, also Seekingalpha.com with their article: “Chesapeake Energy: What Is Driving The Stock’s Weak Performance?” published on December 27, 2017, Seekingalpha.com published: “Chesapeake Energy – Improving Financials One Day At A Time” on January 11, 2018. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: Seekingalpha.com and their article: “Chesapeake Energy: My Top Rebound Pick For 2018” published on December 29, 2017 as well as Post-Gazette.com‘s news article titled: “Chesapeake Energy agrees to pay $30M to settle shale royalty dispute, but …” with publication date: December 25, 2017.

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