Short Interest in Chesapeake Energy Corporation (CHK) Drops By 7.1%

Is Chesapeake Energy Corporation (NYSE:CHK) Cheap From Peers? Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Chesapeake Energy Corporation by 0.3% during the second quarter. The stock stands almost $0.37 off versus the 52-week high of $29.26 and $8.34 above the 52-week low of $20.55. Chesapeake Energy Corporation (CHK) average trading volume of 27,293,289 during the past month is 21.72% below its average volume over the past year, indicating that investors have been less active than usual in the stock in recent times.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings results on Thursday, November 2nd. Zacks Investment Research's EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Chesapeake Energy Corporation. The company operates in the Energy sector with a market capitalization of 3.74 Million. The oil and gas exploration company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.03) by $0.12. Chesapeake Energy Corporation had a net margin of 2.77% and a negative return on equity of 19.93%. Following its 3Q17 earnings, its stock fell ~8% on the back of missed revenue estimates, coupled with the fact that the company increased its capital expenditure guidance range for 2017 from the previous $2.1 billion-$2.5 billion to a new range of $2.3 billion-$2.5 billion. On average, equities analysts predict that Chesapeake Energy Corp. will post ($0.07) EPS for the current year. The business's revenue was down 16.8% on a year-over-year basis.

Several research analysts have weighed in on CHK shares. The analysts, on average, are forecasting a $20.75 price target, but the stock is already up 93.7% from its recent lows. ValuEngine raised Chesapeake Energy Corporation from a "hold" rating to a "buy" rating in a research note on Monday, October 2nd. Wunderlich restated a buy rating and set a $10.00 price objective on shares of Chesapeake Energy Corp.in a research report on Saturday, October 8th. The count of Hold ratings in that period was 11. A 4 analysts rate it as either a buy or a strong buy, while 6 believe that investors should either steer clear of (NYSE:CHK) or, if they already own its stock, sell it. Vetr cut Chesapeake Energy Corporation from a "strong-buy" rating to a "buy" rating and set a $5.23 price objective on the stock.in a research report on Monday, July 17th. The average 1-year price target for (CHK) reveals an average price target of $4.6 per share. Chesapeake Energy Corporation has a 1-year low of $3.41 and a 1-year high of $8.20. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $3,630.00, a PE ratio of 6.90 and a beta of 2.18. Harris Associates L P boosted its position in shares of Chesapeake Energy Corp.by 1,007.7% in the third quarter. BlueCrest Capital Management Ltd grew its position in Chesapeake Energy Corporation by 341.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 17,405,192 shares of the oil and gas exploration company's stock worth $74,494,000 after buying an additional 3,191,887 shares during the last quarter.

For the current quarter, 25 analysts are projecting a mean EPS of $0.22/share. Finally, UBS Oconnor LLC purchased a new position in shares of Chesapeake Energy Corporation during the second quarter valued at approximately $122,000. Rhumbline Advisers now owns 1,472,577 shares of the oil and gas exploration company's stock valued at $7,319,000 after acquiring an additional 250,972 shares during the last quarter.

North Korea at United Nations warns U.S. carriers are fuelling tensions
The 1984 exchange of gunfire happened after North Korean soldiers crossed the border and fired, according to the U.N. The JSA is a small strip of land on the border between the Koreas where troops from both sides stand face-to-face.

The CVS Health Corporation (CVS) Stake Raised by Holland Capital Management LLC
Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of CVS Health Corporation by 20.1% in the 3rd quarter. According to their observations and findings, the stock could provide a high EPS of $1.92/share and a low EPS of $1.88/share.

Papa John's apologizes for blaming low earnings on National Football League players' protests
Papa John's replied to some of the responses, acknowledging that it "should have acted sooner" following Schnatter's comments. Papa John's profits fell short of third-quarter estimates, and its stock fell to a three-month low early in November.

Here are a few institutional investors who have updated their positions.

COPYRIGHT VIOLATION WARNING: This news story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another site, it was copied illegally and republished in violation of global trademark & copyright laws. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/11/14/0-23-earnings-per-share-expected-for-chesapeake-energy-corporation-chk-this-quarter.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.

Related News:

  • Scam victims may be able to recover money — FTC

    Scam victims may be able to recover money — FTC

    Also Businesswire.com published the news titled: "Western Union Reports Third Quarter Results" on November 02, 2017. Monness Crespi & Hardt downgraded The Western Union Company (NYSE:WU) on Thursday, September 8 to "Neutral" rating.
    Packers LB Clay Matthews calls Bears offense 'one dimensional'

    Packers LB Clay Matthews calls Bears offense 'one dimensional'

    McCarthy blamed poor communication by himself for the Packers wasting a timeout at the end of the first quarter. When asked what prompted his more forceful approach in practice last week, Hundley said: "Just myself".
    Volvo pulls its ads from Hannity after Moore coverage

    Volvo pulls its ads from Hannity after Moore coverage

    Keurig's announcement led to the call for a boycott from conservatives, and the smashing of Keurig coffee machines. The coffee brand publicly announced its decision to cut advertising on Sean Hannity's show over the weekend .
  • East Asia Summit sends message to North Korea -- without Trump

    East Asia Summit sends message to North Korea -- without Trump

    "This year, we have tragically seen chemical weapons used by the Syrian regime and by North Korea at the Kuala Lumpur airport". Trump kicked off his trip in Hawaii on November 3, before traveling to Japan, South Korea, China, Vietnam and the Philippines.

    Wells Fargo Co New (WFC) Holder Franklin Resources INC Upped Its Holding

    It improved, as 44 investors sold SRE shares while 177 reduced holdings. 153 funds opened positions while 670 raised stakes. Schwab Charles Investment Management Inc. boosted its stake in shares of Wells Fargo & by 4.2% in the second quarter.
    Roy Moore, who allegedly pursued teens, blames media

    Roy Moore, who allegedly pursued teens, blames media

    MCCONNELL: I did, I think he should step aside. "I want to speak the truth, I want to take the truth about God to our Capitol", said Moore.
  • Drop 'Pappu' from ad, Gujarat BJP told by EC

    Drop 'Pappu' from ad, Gujarat BJP told by EC

    However, the use or word was banned by election commission because indirectly it targets the Congress Vice President Rahul Gandhi. The poll watchdog said that word "Pappu", apparently targeting Congress vice president Rahul Gandhi , is "derogatory".
    Philippines committed to building strong, resilient ASEAN: Duterte

    Philippines committed to building strong, resilient ASEAN: Duterte

    Prime Minister Narendra Modi on Monday said that India was being transformed at an "unprecedented scale", ANI reported. The Prime Minister also invited the ASEAN leaders for the 69th Republic Day.
    Smart toys 'could leave children vulnerable to strangers'

    Smart toys 'could leave children vulnerable to strangers'

    The investigation found that people could use a toy to communicate with a child in four out of the seven devices tested. Very little technical know-how was needed to gain access to the toys to start sharing messages with a child.
  • What Do Analysts Say About The Procter & Gamble Company (PG)

    What Do Analysts Say About The Procter & Gamble Company (PG)

    October 10 investment analysts at Jefferies Group LLC left the stock rating at "Buy" with a current price target of $104.00. LLC now owns 1,517 shares of the company's stock worth $128,000 after buying an additional 1,095 shares during the period.
    Raiders place Gareon Conley on IR

    Raiders place Gareon Conley on IR

    Lasco, a second-year pro from Cal, was taken from the field in an ambulance during the first half of Sunday's game in Buffalo. The Raiders (4-5) return from the bye this week in need of a strong finish to get back to the playoffs.

    Important Analyst Opinions: Southwestern Energy Company (SWN), Teva Pharmaceutical Industries Limited (TEVA)

    The stock of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has "Hold" rating given on Thursday, August 3 by Piper Jaffray. Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has declined 41.70% since November 12, 2016 and is downtrending.


Most liked

Saudi-led coalition bombs airport runway in Yemen's capital
However, Mr McGoldrick said there was "no indication" yet of the blockade being lifted. Hedile noted the first flight carrying 218 passengers took off today.

America is Not Having Bad Luck With Mass Shootings
A recording of scripture readings from a previous church service played as small groups of people walked around the room silently. Mark Collins, a previous pastor at First Baptist, said it was the largest gathering in the church's 100-year history.

Analysts' Review to Watch: Morgan Stanley (MS)
The company's Average Earnings Estimate for the Current Fiscal quarter is $0.81, according to consensus of 21 analysts. Analysts believe that the company has the potential to earn average revenue of $9.28 Billion for the current quarter.

Caymus Capital Partners LP Buys 261400 Shares of Callon Petroleum Company (CPE)
The institutional investors in our partner's database reported: 229.70 million shares, up from 223.13 million shares in 2017Q1. Analysts believe that the company has the potential to earn average revenue of $95.84 Million for the current quarter.

Flipkart Billion Capture+ goes on sale today, here are all the offers
The smartphone ticking is a 3,500mAh battery with Quick Charge, which the company claims will last up to two days. The phone features dual 13MP imaging sensors at the back, with an RGB sensor mated to a monochrome module.

Analyst Earnings Predictions Coverage: JetBlue Airways Corporation (JBLU)
The stock of JetBlue Airways Corporation (NASDAQ: JBLU ) earned "Equal-Weight" rating by Morgan Stanley on Thursday, August 17. HBK Investments L P owned approximately 0.18% of JetBlue Airways Corp . worth $10,246,000 as of its most recent SEC filing.

Are Analysts Bearish McDonald's Corporation (NYSE:MCD) After Last Week?
The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.01. On average, equities analysts forecast that McDonald's Corp. will post $5.69 earnings per share for the current fiscal year.

Ardern, Duterte talk travel before private meeting
He then lapsed into a story about his companion not being allowed to take live fish somewhere - it wasn't clear where. Earlier in the day, Ardern had confirmed she would push Duterte on the issue of human rights in the Philippines.

Walmart partners with department store
Amazon leads the USA online clothing and footwear market with sales of $13 billion in 2016, up $9 billion from five years ago. This story has not been edited by Firstpost staff and is generated by auto-feed.

Netflix notes "59% of Aussies are Watching Netflix in public"
But "screen snooping" can have consequences with 11 percent of people saying they have had a show or movie spoiled by seeing someone else's screen.

U.S. government witness in Federation Internationale de Football Association trial said Fox, Televisa paid bribes
Three South American defendants are in the dock, charged with racketeering, wire fraud and money laundering conspiracies. Fox Sports did not immediately respond to requests for comment on the testimony, multiple outlets reported.

Chinese president's special envoy to visit N. Korea this week
Mr Trump said in Beijing last week that the world must "act fast" to confront Pyongyang's development of nuclear weapons.

AT&T Could Seek White House Communications in Antitrust Review
Previously, the president has blasted AT&T and Time Warner's merger plans - and during the 2016 election he threatened to block the companies from combining under his watch.

UC Browser no longer available on the Google Play Store
Well, stick around because we are going answer that question by comparing these two premium Android apps against each other. Android's Accessibility Services are created to help developers make their apps easier to use for those with disabilities.

Harvey Weinstein Sued for Allegedly Raping Actress ... At Beverly Hills Hotel
That 2016 meeting turned into a sexual assault that saw Weinstein penetrating the woman forcefully and against her will. Weinstein reportedly contacted the woman in 2016, giving her the impression she had landed the role in Marco Polo .