The Chesapeake Energy Corp. (CHK) Sees Large Drop in Short Interest

Chesapeake Energy Stock Wall Street Analysts’ Recommendations

Chesapeake Energy Corporation (CHK) pulled off a 0.73 percent gain and now trades for $4.14. Three analysts have issued estimates for Chesapeake Energy Corporation's earnings. The analysts estimated sales for the higher end at 2343.36 million and lower end at 2140 million while the year ago reported sale was 2388.97 million. The average estimate of Wall Street analysts had projected 0.11.

Sell-side analyst recommendations point to a short term price target of $4.6 on the shares of Chesapeake Energy Corporation (CHK).

Chesapeake Energy Corporation (NYSE:CHK) last released its quarterly earnings results on Thursday, November 2nd. A total of 26.93 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 28.66 Million shares, while its relative volume stands at 0.94. The return on assets stands at -3.9%, Return on Equity now is 16.2% and the Return on Investment value is -56.9%. The business earned $2.28 billion during the quarter, compared to analyst estimates of $2.18 billion. For the next fiscal year, analysts forecast that the firm will report sales of $636.05 million per share, with estimates ranging from $629.50 million to $642.60 million.

CHK has been the topic of a number of recent research reports. Jefferies Group set a $4.00 target price on Chesapeake Energy Corp. and gave the company a "sell" rating in a research note on Wednesday, October 19th. The stock presently has a consensus rating of "Hold" and an average price target of $73.00. They issued a "neutral" rating and a $85.00 price objective for the company. Of the analysts who provided ratings, 13 rated the company a Hold, 4 rated it a Strong Sell, 1 rated it a Moderate Buy, 1 rated it a Moderate Sell, and 4 rated it a Strong Buy.

Dover, reported higher earnings in the third quarter and slightly lower net income for the first nine months of the year.

Chesapeake Energy Corporation (CHK) opened at $4.15 on Tuesday. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company's stock worth $237,402,000 after acquiring an additional 3,982,812 shares during the last quarter. Moreover, Albert D Mason Inc has 1.05% invested in the company for 16,786 shares. Chesapeake Energy Corporation (CHK) now has 908690 shares outstanding, which means that its market capitalization is $3.73B.

Hedge funds and other institutional investors have recently modified their holdings of the stock.

The company surged 0.24% and closed its last trading session at $4.14. The expected future growth in earnings per share ("EPS") is an incredibly important factor.in identifying an under-valued stock. Stifel Financial Corp now owns 3,315 shares of the utilities provider's stock worth $228,000 after acquiring an additional 177 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Chesapeake Energy Corporation by 20.5% in the second quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company's stock worth $540,542,000 after acquiring an additional 17,615,861 shares during the last quarter.

Investors are always on the look for the next great stock to own. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & global copyright law. If you are reading this news story on another website, it was illegally stolen and republished in violation of USA and global copyright and trademark law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/13/ubs-asset-management-americas-inc-grows-stake-in-chesapeake-utilities-corporation-cpk.html. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services. The Firm operates through two divisions: Regulated Energy and Unregulated Energy.

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