Cacti Asset Management buys $114,900 stake in Chesapeake Energy Corporation (CHK)

Chesapeake Energy Corporation (CHK) : Cacti Asset Management scooped up 10,000 additional shares in Chesapeake Energy Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 30,000 shares of Chesapeake Energy Corporation which is valued at $114,900.Chesapeake Energy Corporation makes up approximately 0.01% of Cacti Asset Management’s portfolio.

On the company’s financial health, Chesapeake Energy Corporation reported $-0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $-0.18. The company had revenue of $2649.00 million for the quarter, compared to analysts expectations of $2638.39 million. The company’s revenue was down -53.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on Chesapeake Energy Corporation. Chesapeake Energy Corporation was Upgraded by Tudor Pickering to ” Hold” on Apr 12, 2016. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 5 from a previous price target of $4 .Shares were Reiterated by RBC Capital Mkts on Feb 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 4 from a previous price target of $5 .

Chesapeake Energy Corporation opened for trading at $4.12 and hit $4.5 on the upside on Monday, eventually ending the session at $4.5, with a gain of 19.68% or 0.74 points. The heightened volatility saw the trading volume jump to 6,70,74,221 shares. Company has a market cap of $2,992 M.

Chesapeake Energy Corporation is a producer of natural gas oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production and Marketing Gathering and Compression. The exploration and production segment is responsible for finding and producing oil natural gas and NGL. The marketing gathering and compression operating segment is responsible for marketing gathering and compression of oil natural gas and NGL. The Company owns interests in approximately 45100 oil and natural gas wells that produced an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company also own oil and natural gas marketing and natural gas gathering and compression businesses. As of December 31 2014 the Company held an interest in approximately 45100 gross productive wells including 33600 properties in which it held a working interest and 11500 properties in which it held an overriding royalty interest.

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