The stock price recently experienced a 5-day gain of 3.8% with 0.29 average true range (ATR). Analyst's mean target price for PE is $44.41 while analysts mean recommendation is 1.90. Buy rating has been given by 0 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and no analyst given HOLD rating.
Stock market analysts watching Chesapeake Energy Corporation (NYSE:CHK) have recently changed their ratings on the stock. Finally, Jefferies Group LLC restated a "hold" rating and issued a $6.00 price target on shares of Chesapeake Energy in a research report on Wednesday, March 22nd. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. They now have a $6.00 price target on the oil and gas exploration company's stock. The DoubleLine Capital founder, known for his prowess in fixed-income securities, called out specifically a long bet in the iShares MSCI Emerging Markets ETF EEM, -0.02% Gundlach recommends that trade with 1 times leverage.
Chesapeake Energy Corp.'s stock plunged 9.8% in active midday trade Thursday, as disappointing production data and a sharp selloff in oil prices to nine-month lows unnerved investors. Moving averages can be very helpful for identifying peaks and troughs.
Chesapeake Energy Corporation (NYSE:CHK) shares ended at $5.55 with 39.22 mln shares exchanging hands. The firm owned 259,250 shares of the oil and gas exploration company's stock after selling 2,491,044 shares during the period. The firm earned $1.47 billion during the quarter, compared to the consensus estimate of $1.10 billion. Suntrust Banks Inc owns 0.01% invested in Chesapeake Energy Corporation (NYSE:CHK) for 269,023 shares. Stifel Nicolaus initiated coverage on shares of Chesapeake Energy in a research note on Thursday, March 23rd. Brookstone Cap Mngmt stated it has 0.01% in Chesapeake Energy Corporation (NYSE:CHK).
Oil steady as US stockpiles dropping again
The EIA forecast that US oil demand for 2017 will grow 290,000 bbl/d, up from its previous forecast for 250,000 bbl/d growth. Since a low point on May 27, 2016, U.S. producers have added 387 oil rigs, or about 123%, Goldman Sachs said.
COPYRIGHT VIOLATION WARNING: "Chesapeake Energy Co". The original version of this report can be read at https://www.chaffeybreeze.com/2017/05/09/chesapeake-energy-co-chk-rating-reiterated-by-scotiabank.html. Chesapeake's stock has plummeted 29% year to date, while the SPDR Energy Select Sector ETF has lost 13% and the S&P 500 has gained 6.4%.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -10.25%, and has a poor year to date (YTD) performance of -20.94% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Following the completion of the purchase, the director now owns 4,637,717 shares of the company's stock, valued at approximately $24,301,637.08. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Institutional investors own 66.74% of the company's stock.
The important tool that makes dividend growth investing is growth in earnings per share. Stoneridge Investment Partners LLC boosted its position in shares of Chesapeake Energy by 5.3% in the third quarter. The overall volume in the last trading session was 2.03 million shares, versus the average volume of 3.33 million shares. Finally, Harris Associates L P raised its stake in shares of Chesapeake Energy by 1,007.7% in the third quarter. Comparatively, Chesapeake Energy Corporation posted earnings of $0.09 per share in the same quarter previous year. BlackRock Group LTD raised its stake in Chesapeake Energy by 14.2% in the third quarter. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".
Taking a look at some volatility information, Chesapeake Energy Corporation's 12 month volatility is presently 68.049700. Oil, natural gas and natural-gas equivalent revenue rose to $1.47 billion from $993 billion, beating the FactSet consensus of $1.11 billion, while marketing, gathering and compression revenue growth to $1.28 billion from $960 million was below expectations of $1.31 billion.
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