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Stock Rating Update on the Shares of Chesapeake Energy Corp (NYSE:CHK)

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27 May, 2017

Cleararc Capital Inc. now owns 18,119 shares of the oil and gas exploration company's stock valued at $127,000 after buying an additional 2,117 shares during the last quarter. The Firm provides its offerings primarily to original equipment manufacturers in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy. It has a 8.36 P/E ratio. It operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression.

Now the shares of Chesapeake Energy Corporation (CHK) has the trading volume of 57.25 Million shares with the average trading volume of 32190 shares. The stock rose 1.35% or $0.07 reaching $5.25. Another trade for 50,000 shares valued at $269,500 was made by RYAN THOMAS L on Friday, March 3.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, CHK earned gross profit of 19.06 Billion, in 2015 9.48 Billion gross profit, while in 2016 Chesapeake Energy Corporation (CHK) produced 5.23 Billion profit. It has outperformed by 33.04% the S&P500.

On the other hand the company has Relative Strength Index (RSI 14) of 40.87 along with Average True Range (ATR 14) of 0.27, Consequently Chesapeake Energy Corp (NYSE:CHK)'s weekly and monthly volatility is 4.95%, 4.71% respectively. Therefore 26% are positive. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Vetr upgraded the shares of CHK in report on Monday, September 21 to "Buy" rating. The legal version of this report can be read at https://www.thecerbatgem.com/2017/05/26/capstone-asset-management-co-increases-stake-in-chesapeake-energy-co-chk.html. BofA/Merrill had a markedly different take on 11/05/2017, proposing that Chesapeake Energy Corporation is now considered Underperform versus prior Neutral rating. Stifel Nicolaus initiated the shares of CHK in report on Thursday, March 23 with "Buy" rating. BMO Capital Markets restated a "hold" rating and set a $6.00 price objective on shares of Chesapeake Energy in a research note on Monday, May 15th. The rating was maintained by UBS with "Sell" on Friday, May 6. On Tuesday, September 13 the stock rating was initiated by FBR Capital with "Underperform".

For the Current Quarter, the growth estimate for Chesapeake Energy Corporation is 207.1%, while for the Next Quarter the stock growth estimate is 122.2%. The average return on assets for companies in the same sector is -21.25. The firm earned "Hold" rating on Thursday, November 10 by Jefferies.

Since March 3, 2017, it had 2 insider purchases, and 0 selling transactions for $2.89 million activity. Chesapeake Energy has a 12-month low of $3.93 and a 12-month high of $8.20. Connor Clark & Lunn Investment Management Ltd. raised its position in Chesapeake Energy by 532.2% in the third quarter. Inogen Inc (NASDAQ:INGN) was reduced too.

Investors sentiment decreased to 1.61 in 2016 Q4. Its down 0.15, from 1.76 in 2016Q3. The stock grabbed 65 new institutional investments totaling 12,255,659 shares while 80 institutional investors sold out their entire positions totaling 52,532,377 shares. Royal State Bank Of Canada reported 731,335 shares.

According to analysts Chesapeake Energy Corp (NYSE:CHK)'s minimum EPS for the current quarter is at $0.07 and can go high up to $0.22. (NYSE:CHK) opened at 5.18 on Friday. 35,400 are held by Focused Wealth Management Inc. Icon Advisers reported 1.30 million shares. Northern Corp owns 7.34 million shares for 0.02% of their portfolio. Huntington Retail Bank stated it has 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK).

All things being equal, stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates. Grp Inc has 0.01% invested in Chesapeake Energy Corporation (NYSE:CHK) for 257,497 shares. Pinebridge Invs Lp, a New York-based fund reported 28,789 shares.

Mastrapasqua Asset Management Inc decreased Nxp Semiconductors N V (NXPI) stake by 27.38% reported in 2016Q4 SEC filing. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: Seekingalpha.com and their article: "Is Chesapeake Energy A Buy Right Now?" published on May 13, 2017 as well as Seekingalpha.com's news article titled: "What Chesapeake Is Cooking Up In The Haynesville Shale" with publication date: May 24, 2017.


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