Chesapeake Energy Corporation (CHK) is Downgraded by RBC Capital Mkts to Underperform, Price Target at $5

Chesapeake Energy Corporation (CHK) was Downgraded by RBC Capital Mkts to ” Underperform” and the brokerage firm has set the Price Target at $5. Earlier the firm had a rating of “Sector Perform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Jun 9, 2016.

Many Wall Street Analysts have commented on Chesapeake Energy Corporation. Company shares were Reiterated by UBS on May 6, 2016 to “Sell”, Firm has raised the Price Target to $ 4 from a previous price target of $0.50 .Chesapeake Energy Corporation was Upgraded by Tudor Pickering to ” Hold” on Apr 12, 2016.

On the company’s financial health, Chesapeake Energy Corporation reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.11. The company had revenue of $1953.00 million for the quarter, compared to analysts expectations of $1016.02 million. The company’s revenue was down -39.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.

Chesapeake Energy Corporation opened for trading at $4.67 and hit $4.86 on the upside on Tuesday, eventually ending the session at $4.67, with a gain of 2.19% or 0.1 points. The heightened volatility saw the trading volume jump to 4,46,41,770 shares. Company has a market cap of $3,197 M.

In a different news, on Nov 20, 2015, Thomas L Ryan (director) purchased 10,000 shares at $5.47 per share price. According to the SEC, on Nov 18, 2015, Robert D. Lawler (CEO) purchased 50,000 shares at $5.88 per share price. On Jun 29, 2015, R Brad Martin (director) purchased 10,000 shares at $11.20 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Chesapeake Energy Corporation

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Chesapeake Energy Corporation - Is it time to Sell?

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