Chesapeake Energy Corporation (CHK) was Initiated by FBR Capital to “Underperform” and the brokerage firm has set the Price Target at $5. FBR Capital advised their investors in a research report released on Sep 13, 2016.
Many Wall Street Analysts have commented on Chesapeake Energy Corporation. Company shares were Upgraded by Wunderlich on Sep 9, 2016 to ” Buy”, Firm has raised the Price Target to $ 10 from a previous price target of $6 .Chesapeake Energy Corporation was Upgraded by CapitalOne to ” Equal Weight” on Aug 16, 2016. Company shares were Reiterated by Barclays on Aug 16, 2016 to “Underweight”, Firm has raised the Price Target to $ 3 from a previous price target of $1 .
On the company’s financial health, Chesapeake Energy Corporation reported $-0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.10. The company had revenue of $1622.00 million for the quarter, compared to analysts expectations of $970.48 million. The company’s revenue was down -53.9 % 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 $7.73 and hit $8.145 on the upside on Monday, eventually ending the session at $8.05, with a gain of 5.64% or 0.43 points. The heightened volatility saw the trading volume jump to 66,278,311 shares. Company has a market cap of $6,254 M.
In a different news, on Aug 23, 2016, Archie W Dunham (director) purchased 350,000 shares at $6.07 per share price. According to the SEC, on Aug 18, 2016, Thomas L Ryan (director) purchased 50,000 shares at $5.59 per share price. On Nov 18, 2015, Robert D. Lawler (CEO) purchased 50,000 shares at $5.88 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.