Friday, 14 December, 2018

Are Analysts Bearish Chesapeake Utilities Corporation (NYSE:CPK) After Last Week?

Chesapeake tops Street 4Q forecasts Are Analysts Bearish Chesapeake Utilities Corporation (NYSE:CPK) After Last Week?
Nellie Chapman | 23 February, 2018, 02:44

Ontario - Canada-based Royal Bank Of Canada has invested 0% in Chesapeake Energy Corporation (NYSE:CHK).

Institutional investors now hold around $1.54 billion or 64.1% in CHK stock. Gotham Asset Management LLC bought a new position in Chesapeake Energy in the 2nd quarter worth about $126,000. Letko Brosseau & Associates Inc who had been investing in Lifepoint Health Inc for a number of months, seems to be bullish on the $1.93 billion market cap company. The original version of this report can be accessed at Gm Advisory Gp stated it has 0.15% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). Oarsman Capital Inc. raised its holdings in Chesapeake Energy by 14.6% in the fourth quarter. Creative Planning now owns 1,762,031 shares of the oil and gas exploration company's stock valued at $6,978,000 after acquiring an additional 646,642 shares during the period. Toronto Dominion Bank boosted its holdings in Chesapeake Energy by 23.0% in the third quarter. According to today's trading volume Chesapeake Energy Corporation is BELOW its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned "Hold" rating by Jefferies on Thursday, November 10. Chesapeake Energy Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Martin R Brad has acquired 25,000 shares of Chesapeake Energy Corporation (CHK) in trading session dated August 11, 2017. The company has market cap of $1.11 billion.

Wall Street analysts are predicting that Chesapeake Energy Corp (NYSE:CHK) will report earnings per share of $0.24 in their quarterly report. The hedge fund held 2.16 million shares of the oil & gas production company at the end of 2017Q3, valued at $9.28M, up from 1.10 million at the end of the previous reported quarter. The Return on Equity (ROE) value stands at 16.2%. Nationwide, the company said it plans to trim its capital budget by 12 percent this year to $2.18 billion. However a year ago for the same quarter the company has reported $0.07 EPS. The company's revenue was up 24.6% on a year-over-year basis. research analysts predict that Chesapeake Energy Co. will post 0.76 EPS for the current year.

A spate of earnings reports and a rise in crude oil prices propelled energy stocks, with the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEMKT: XOP) gaining 2.2%. Barclays Capital maintained Chesapeake Energy Corporation (NYSE:CHK) rating on Wednesday, October 11. Credit Suisse downgraded Chesapeake Energy Corporation (NYSE:CHK) on Wednesday, July 22 to "Neutral" rating. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

At the moment 28 analysts are watching Chesapeake Energy Corporation (NASDAQ:CHK), 1 rate it "Buy", 3 "Outperform", 17 "Underperform", 6 "Sell", while 1 "Hold". They issued an "underperform" rating and a $3.00 target price for the company. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. and global copyright law. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of worldwide copyright and trademark laws. Cibc Ww Mkts has invested 0.01% in Chesapeake Energy Corporation (NYSE:CHK). It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Even so, Chesapeake's production of natural gas and crude is forecast to remain flat this year, according to a statement released on Thursday.