Chesapeake Energy Corporation (CHK) : Morgens Waterfall Vintiadis Co Inc added new position in Chesapeake Energy Corporation during the most recent quarter end. The investment management firm now holds 370,000 shares of Chesapeake Energy Corporation which is valued at $2,323,600 , the company said in a statement filed on Oct 12, 2016 with the SEC.Chesapeake Energy Corporation makes up approximately 2.10% of Morgens Waterfall Vintiadis Co Inc’s portfolio.
Other Hedge Funds, Including , Academy Capital Management Inctx sold out all of its stake in CHK during the most recent quarter. The investment firm sold 13,426 shares of CHK which is valued $85,255.Bnp Paribas Arbitrage Sa boosted its stake in CHK in the latest quarter, The investment management firm added 235,896 additional shares and now holds a total of 871,616 shares of Chesapeake Energy Corporation which is valued at $5,926,989. Chesapeake Energy Corporation makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.
Chesapeake Energy Corporation closed down -0.16 points or -2.48% at $6.28 with 4,19,96,173 shares getting traded on Tuesday. Post opening the session at $6.38, the shares hit an intraday low of $6.105 and an intraday high of $6.46 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.
Many Wall Street Analysts have commented on Chesapeake Energy Corporation. FBR & Co. Initiated Chesapeake Energy Corporation on Sep 13, 2016 to “Underperform”, Price Target of the shares are set at $5.FBR Capital Initiated Chesapeake Energy Corporation on Sep 13, 2016 to “Underperform”, Price Target of the shares are set at $5.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 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.