Chesapeake Energy Corporation's (NYSE:CHK) "Hold" Rating Reiterated at Scotiabank

Alain Brian
Juillet 17, 2017

Chesapeake Utilities had 9 analyst reports since August 10, 2015 according to SRatingsIntel. It also owns an oil and natural gas marketing business.

When it comes to the Analysis of a Stock, Price Target plays a vital role.

A number of other brokerages have also recently issued reports on CHK. FBR & Co set a $5.00 price objective on Chesapeake Energy Corporation and gave the company a "sell" rating in a research report on Saturday, March 11th. Finally, Royal Bank Of Canada initiated coverage on shares of Chesapeake Utilities Corporation in a research report on Wednesday, April 26th. Scotiabank reiterated a "hold" rating and set a $5.00 target price on shares of Chesapeake Energy Corporation in a report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eight have assigned a buy rating to the company. Chesapeake Energy Corporation (CHK) now trades with a market capitalization of $4.41 Billion.

About 10.06 million shares traded. Chesapeake Energy Corporation has a one year low of $4.30 and a one year high of $8.20. The firm has a 50-day moving average of $74.34 and a 200 day moving average of $69.63.

In the market the company is trading up by 1.88 percent from yesterday's close.

July 13, 2017Chesapeake Energy Corporation (CHK) has scheduled to release its 2017 second quarter operational and financial results before market open on Thursday, August 3, 2017. The utilities provider reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.46 by $0.29. The 7 months wedge indicates low risk for the $1.23 billion company. During the same period in the previous year, the business posted ($0.10) EPS. On average, equities research analysts predict that Chesapeake Energy Corporation will post $0.83 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: "Chesapeake Energy Corporation (NYSE:CHK) Stock Rating Upgraded by Vetr Inc." was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States & global copyright law. The correct version of this piece can be accessed at https://www.thestockobserver.com/2017/07/17/chesapeake-energy-corporation-chk-director-acquires-92820-00-in-stock-updated-updated.html. NY boosted its stake in shares of Chesapeake Energy Corporation by 10.1% in the fourth quarter. The share price has moved forward from its 20 days moving average 1.69% and negatively from its 50 days moving average -4.64%. Following the completion of the acquisition, the director now owns 522,358 shares of the company's stock, valued at $2,376,728.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Chesapeake Utilities Corporation (NYSE:CPK) CEO P. Mcmasters Michael sold 5,500 shares of Chesapeake Utilities Corporation stock in a transaction that occurred on Friday, June 23rd. The stock was acquired at an average cost of $5.26 per share, for a total transaction of $105,200.00. Following the purchase, the director now owns 440,355 shares in the company, valued at $2,201,775. The disclosure for this purchase can be found here. Insiders acquired 115,400 shares of company stock worth $573,020 in the last three months.

Several hedge funds and other institutional investors have recently modified their holdings of CPK. Putnam Investments LLC now owns 15,394 shares of the oil and gas exploration company's stock valued at $108,000 after buying an additional 1,000 shares during the period. US Bancorp DE boosted its position in shares of Chesapeake Utilities Corporation by 0.8% in the first quarter. The firm now has a $5.00 price target on the oil and gas exploration company's stock. Cleararc Capital Inc. boosted its stake in Chesapeake Energy Corporation by 2.8% in the first quarter. The Jana Partners Llc holds 17.79M shares with $703.45 million value, up from 6.00M last quarter. James Investment Research Inc. now owns 1,726,694 shares of the oil and gas exploration company's stock worth $8,582,000 after buying an additional 1,674,544 shares in the last quarter. Finally, Greenwich Wealth Management LLC increased its stake in shares of Chesapeake Energy Corporation by 3.5% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company's stock valued at $103,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 64.57% of the company's stock.

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression.

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