Sigma Planning Corp Acquires 26,850 Shares of Chesapeake Energy Co. (CHK)

Sigma Planning Corp raised its position in shares of Chesapeake Energy Co. (NYSE:CHK) by 187.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,169 shares of the oil and gas exploration company’s stock after buying an additional 26,850 shares during the period. Sigma Planning Corp’s holdings in Chesapeake Energy were worth $177,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Archford Capital Strategies LLC purchased a new stake in Chesapeake Energy during the 2nd quarter valued at $984,000. Fox Run Management L.L.C. purchased a new stake in Chesapeake Energy during the 2nd quarter valued at $115,000. Advisory Services Network LLC boosted its position in Chesapeake Energy by 42.6% during the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock valued at $116,000 after buying an additional 7,000 shares during the period. UBS Oconnor LLC purchased a new stake in Chesapeake Energy during the 2nd quarter valued at $122,000. Finally, Gotham Asset Management LLC purchased a new stake in Chesapeake Energy during the 2nd quarter valued at $126,000. 64.71% of the stock is owned by institutional investors and hedge funds.

Shares of Chesapeake Energy Co. (NYSE CHK) opened at $4.02 on Friday. The firm has a market cap of $3,652.92, a PE ratio of 6.70 and a beta of 2.15. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53. Chesapeake Energy Co. has a 12 month low of $3.41 and a 12 month high of $8.20.

Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business’s revenue was down 16.8% compared to the same quarter last year. equities research analysts predict that Chesapeake Energy Co. will post 0.74 earnings per share for the current year.

Several brokerages have weighed in on CHK. Imperial Capital began coverage on shares of Chesapeake Energy in a research report on Tuesday, September 19th. They set an “in-line” rating and a $5.00 price target for the company. ValuEngine raised shares of Chesapeake Energy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Piper Jaffray Companies dropped their target price on shares of Chesapeake Energy from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Vetr cut shares of Chesapeake Energy from a “buy” rating to a “hold” rating and set a $5.23 target price for the company. in a research report on Monday, July 31st. Finally, Mizuho reaffirmed a “hold” rating and issued a $5.00 target price on shares of Chesapeake Energy in a research report on Friday, September 29th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Chesapeake Energy has a consensus rating of “Hold” and an average price target of $5.81.

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About Chesapeake Energy

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

Institutional Ownership by Quarter for Chesapeake Energy (NYSE:CHK)

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