Separately, Zacks Investment Research lowered shares of Chesapeake Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Nine research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and a consensus target price of $180.00.
Shares of Chesapeake Energy stock opened at $4.86 on Tuesday. Chesapeake Energy has a 1-year low of $3.50 and a 1-year high of $408.00. The firm’s 50-day moving average price is $5.39 and its two-hundred day moving average price is $9.52. The stock has a market capitalization of $47.53 million, a price-to-earnings ratio of -0.01 and a beta of 1.72. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.28.
Chesapeake Energy (OTCMKTS:CHKAQ) last announced its earnings results on Monday, August 10th. The oil and gas exploration company reported ($28.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($27.75) by ($0.47). Chesapeake Energy had a negative return on equity of 30.44% and a negative net margin of 127.63%. The company had revenue of $521.00 million for the quarter, compared to analyst estimates of $913.52 million. As a group, equities research analysts predict that Chesapeake Energy will post -93.05 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in CHKAQ. Victory Capital Management Inc. lifted its holdings in Chesapeake Energy by 4.3% in the first quarter. Victory Capital Management Inc. now owns 291,181 shares of the oil and gas exploration company’s stock valued at $50,000 after buying an additional 12,090 shares during the period. First Trust Advisors LP lifted its holdings in Chesapeake Energy by 59.5% in the first quarter. First Trust Advisors LP now owns 16,174,591 shares of the oil and gas exploration company’s stock valued at $2,793,000 after buying an additional 6,036,019 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Chesapeake Energy by 817.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 779,291 shares of the oil and gas exploration company’s stock valued at $135,000 after buying an additional 694,324 shares during the period. Cetera Advisor Networks LLC lifted its holdings in Chesapeake Energy by 40.2% in the first quarter. Cetera Advisor Networks LLC now owns 294,072 shares of the oil and gas exploration company’s stock valued at $51,000 after buying an additional 84,263 shares during the period. Finally, Swiss National Bank raised its holdings in Chesapeake Energy by 56.3% in the first quarter. Swiss National Bank now owns 3,410,890 shares of the oil and gas exploration company’s stock worth $589,000 after purchasing an additional 1,228,200 shares during the period. Institutional investors and hedge funds own 1.19% of the company’s stock.
Chesapeake Energy Company Profile
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in Anadarko Basin of northwestern Oklahoma.
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