Chesapeake Energy Co. (CHK) Short Interest Update

Chesapeake Energy Co. (NYSE:CHK) saw a large decrease in short interest in the month of December. As of December 29th, there was short interest totalling 158,184,464 shares, a decrease of 4.7% from the December 15th total of 165,924,000 shares. Currently, 17.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,424,915 shares, the short-interest ratio is presently 6.8 days.

Shares of Chesapeake Energy (NYSE CHK) opened at $4.28 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of -4.17. The stock has a market cap of $3,890.00, a PE ratio of -7.38 and a beta of 2.16. Chesapeake Energy has a 1 year low of $3.41 and a 1 year high of $7.29.

Chesapeake Energy (NYSE:CHK) last announced its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $979.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. Chesapeake Energy had a net margin of 2.77% and a negative return on equity of 19.93%. The business’s revenue was down 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. sell-side analysts anticipate that Chesapeake Energy will post 0.76 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Chesapeake Energy by 19.3% during the 2nd quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company’s stock valued at $540,542,000 after buying an additional 17,615,861 shares in the last quarter. State Street Corp raised its position in shares of Chesapeake Energy by 9.1% during the 2nd quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock valued at $237,402,000 after buying an additional 3,982,812 shares in the last quarter. Northern Trust Corp raised its position in shares of Chesapeake Energy by 5.6% during the 2nd quarter. Northern Trust Corp now owns 8,219,258 shares of the oil and gas exploration company’s stock valued at $40,850,000 after buying an additional 433,272 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Chesapeake Energy by 6.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,784,218 shares of the oil and gas exploration company’s stock valued at $29,172,000 after buying an additional 402,974 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Chesapeake Energy by 55.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 6,181,585 shares of the oil and gas exploration company’s stock valued at $26,581,000 after buying an additional 2,208,035 shares in the last quarter. Hedge funds and other institutional investors own 63.89% of the company’s stock.

Several research analysts recently weighed in on CHK shares. Piper Jaffray Companies set a $4.00 target price on shares of Chesapeake Energy and gave the stock a “hold” rating in a report on Thursday, October 19th. Jefferies Group downgraded shares of Chesapeake Energy from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $4.00 to $2.00 in a report on Monday, October 9th. Credit Suisse Group began coverage on shares of Chesapeake Energy in a report on Monday, December 11th. They set an “underperform” rating and a $3.00 price objective for the company. Barclays increased their price objective on shares of Chesapeake Energy from $2.00 to $3.00 and gave the company an “underweight” rating in a report on Wednesday, October 11th. Finally, Scotiabank set a $4.00 price objective on shares of Chesapeake Energy and gave the company a “hold” rating in a report on Wednesday, November 22nd. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.15.

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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.

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