A negative earnings surprise will usually result in a decline in share price. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Harris Associates L P now owns 33,340,440 shares of the oil and gas exploration company's stock valued at $209,045,000 after buying an additional 30,330,440 shares in the last quarter.
A number of large investors have recently modified their holdings of CHK. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. Nomura restated a "sell" rating and issued a $17.00 target price on shares of Chesapeake Energy Corp.in a research note on Monday, September 26th.
Chesapeake Energy Corporation (CHK) stock directed -27.37% toward a lower level throughout a year ago and swapped 7.53% toward a strong spot during past one month. The oil and gas exploration company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.12.
Chesapeake Utilities Corporation (Chesapeake) is an energy company. The firm had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 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 subject of a number of recent research reports. Chesapeake Energy Corp (NYSE:CHK) has trailing twelve month Return on Assets of -3.9%, which is key indicator of how profitable a company is relative to its total assets. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.44. Zacks Investment Research upgraded Chesapeake Utilities Corporation from a "strong sell" rating to a "hold" rating in a research note on Monday, October 23rd.
Chesapeake Energy Corp. has a 1-year low of $1.50 and a 1-year high of $8.20.
Chesapeake Energy Corporation (CHK) opened at $4.15 on Tuesday. During the last 52 weeks, the price has been as high as $8.2 and as low as $3.41. These ratios are important while doing valuation of the company or the shares of the company.
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Techniacal Analysis: The company has the market capitalization of $3.74B.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Big Lots, Inc. has 42.14 million shares outstanding, and in the last trade has seen ATR around 1.06.
The company surged 0.24% and closed its last trading session at $4.14. William Blair Investment Management LLC lifted its position in shares of Chesapeake Utilities Corporation by 21.9% during the 2nd quarter. Sabre Corporation earnings have risen with an annualized rate of 31.8% over the last 5 years. Finally, Rhumbline Advisers grew its position in Chesapeake Energy Corporation by 20.5% in the second quarter. BlackRock Group LTD now owns 2,443,934 shares of the oil and gas exploration company's stock valued at $15,325,000 after buying an additional 303,715 shares in the last quarter.
The company now has an insider ownership of 1 Percent and Institutional ownership of 67.5 Percent. 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 article on another domain, it was copied illegally and reposted in violation of United States and worldwide trademark and copyright legislation. 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.
Chesapeake Energy Corp.is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves.
Eastern Shore is Chesapake's natural gas transmission company, while Eight Flags produces heat and electricity for an industrial site in northern Florida.