A Director at Chesapeake Energy Corporation (CHK) purchased shares in a trading activity completed on Monday August 22, 2016. (NYSE:CHK) from a buy rating to a strong-buy rating in a research note released on Monday. Relative volume is ratio between current volume and 3-month average value, intraday adjusted.
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The average true range of Chesapeake Energy Corporation’s (CHK) is recorded at 0.32 and the relative strength index of the stock stands 70.03.
Company shares have received an average consensus rating of Hold for the current week Also, Deutsche Bank maintains its rating on Chesapeake Energy Corporation (NYSE:CHK). The company traded as low as $6.66 on the day.
In other news, Director Thomas L. Ryan acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock hit the peak price level of one year at $47.32 and touched the minimum level of $33.62. Beta factor, which measures the riskiness of the security, was observed as 1.85. 2 Months Ago, shares have been suggested as “BUY” from “0” brokerage firms and recommended as “Strong Buy” by “1” brokerage firms.
Several institutional investors recently made changes to their positions in CHK. The Pennsylvania-based Schneider Capital Management Corp has invested 2.8% in the stock. Dynamic Capital Management Ltd now owns 319,503 shares of the oil and gas exploration company’s stock valued at $1,438,000 after buying an additional 292,895 shares in the last quarter.
The Company has 735.76 million shares outstanding and 735.76 million shares were floated in market. Now shares have been rated as “Buy” from 4 Analysts. On Tuesday, supervisors in Wilmot Township voted for a resolution demanding Chesapeake Energy’s production to be discontinued at wells where landowners are having their royalty checks diminished to nothing or almost nothing. (NYSE:CHK) opened at 6.60 on Monday. The Company has 52-week high of $9.55 and 52-week low of $1.5. The company has a market cap of $5.42 billion. The company has a 50 day moving average price of $5.50 and a 200 day moving average price of $4.70.
So how did CHK’s earnings announcements affect its stock price in the past few quarters? It has topped earnings-per-share estimates 66% of the time in its last 12 earnings reports. The company had revenue of $1622.00 million for the quarter, compared to analysts expectations of $970.48 million.
EPS growth for this year is -5.00% and EPS growth for next year is expected to reach at 500.00%. That came on revenues of $2.89B for the quarter.
On the company’s financial health, Chesapeake Energy Corporation reported $-0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016.
Chesapeake Energy Corporation is a producer of natural gas, oil and natural gas liquids (NGL) in the United States.
Gladden underscored several of the company’s recent achievements, counting increasing marketing support behind Power Brands, improving net productivity to world-class levels and significantly reducing overheads, thanks to zero-based budgeting and the expansion of a global shared services capability. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.
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