Traders are a little more bullish on the company recently if you take into consideration the change in short interest. Fox Run Management L.L.C. acquired a new position in shares of Chesapeake Energy Corporation in the second quarter worth $115,000. United States Steel Corporation (X) average trading volume of 11,421,295 during the past month is 34.56% below its average volume over the past year, indicating that investors have been less active than usual in the stock in recent times. Mason Street Advisors LLC now owns 105,265 shares of the oil and gas exploration company's stock worth $625,000 after acquiring an additional 3,296 shares in the last quarter. The stock's short float is around of 22.21% and short ratio is 6.49. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Chesapeake Energy Corporation by 4.2% in the 2nd quarter.
Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.
CHK has been the topic of several analyst reports. Analysts reported that the Price Target for Chesapeake Energy Corporation might touch $8 high while the Average Price Target and Low price Target is $4.75 and $1.5 respectively. For the current quarter Chesapeake Energy Corp (NYSE:CHK) has high EPS estimates of $0.23 in contradiction of low EPS estimates of $0.06.
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Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
Taking a broader look at the analyst consensus, according to 26 analysts Chesapeake Energy Corp (NYSE:CHK)'s price will reach at $4.73 during 52 weeks. Bank of America upgraded the stock to "Neutral" rating in Friday, October 21 report. $6.66's average target is 72.54% above currents $3.86 stock price. TRADEMARK VIOLATION NOTICE: This piece was originally published by Week Herald and is the sole property of of Week Herald. If you are viewing this piece of content on another website, it was stolen and republished in violation of global trademark & copyright legislation. Verition Fund Mngmt Limited Liability has invested 0.05% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). The stock of Chesapeake Energy Corporation (NYSE:CHK) earned "Underweight" rating by Barclays Capital on Friday, January 29. The stock has a beta value of 2.21. Following the transaction, the director now directly owns 547,358 shares of the company's stock, valued at approximately $2,249,641.38. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Earnings surprises can have a huge impact on a company's stock price. Past 5 years growth of the company observed at -9.67%, and for the next five years the analysts that follow the company are expecting its growth at 5%. The total amount of shares outstanding is 1.55B, giving the company a market capitalization of about 152.78B. Since the start of the trading session, the stock has hit a high of 3.93 and dropped to a low of 3.78. CHK has recorded a 50-day average of $4.00 and a two hundred day average of $4.83.
Chesapeake Energy Corporation (NYSE:CHK) displayed a change of 1.59% after which it closed the day' session at $12.45.
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While considering EPS estimates of the company, it has next quarter growth estimates of 0.21 whereas during current year it has 0.72 estimations over growth, comparing to the estimations of 0.74 during next year.
While having a peek at profitability ratios Chesapeake Energy Corp (NYSE:CHK) has trailing twelve month gross margin at 75.6%, its trailing twelve month operating margin stands at -10% whereas its trailing twelve month net profit margin spots at -17.4%. The firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $1.07 billion. Next quarter's EPS is expected be $0.21 and the next full year EPS is projected to be $0.74. The business's revenue was up 40.6% on a year-over-year basis. Jefferies maintained Chesapeake Energy Corporation (NYSE:CHK) rating on Wednesday, July 19. This continues to be an interesting story, and we look forward to updating it again soon on Chesapeake Energy Corporation. The Company 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.
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CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.