It trades at an average volume of 41.81M shares versus 57.53M shares recorded at the end of last trading session. Barclays PLC set a $3.00 target price on Chesapeake Energy Corp. and gave the company an underweight rating in a research report on Tuesday, August 16th. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential commercial public authority and industrial customers in nine states located primarily in the South.
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Sales Estimates: Wall Street Analysts are estimating average sales of $2,231.86M for current quarter (Quarter Ending Sep-16).
On Monday September 12 2016, Vetr Inc. released a statement about Chesapeake Energy Corporation (NYSE:CHK) raised the target price from $0.00 to $11.30 that indicated a possible upside of 0.47%. 18 advised the “Hold” rating about this stock. The market capitalization of the company is at $6.01 Billion. The company had revenue of $1622.00 million for the quarter, compared to analysts expectations of $970.48 million.
On the company’s financial health, Atmos Energy Corporation reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 3, 2016. These ratios are important while doing valuation of the company or the shares of the company. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The shares were bought at an average cost of $5.59 per share, with a total value of $279,500.00. As for an initial look into 2017, we believe our oil production will be relatively flat in 2017 as compared to 2016, while total production volumes are projected to be down approximately 5% compared to 2016 levels.
Other Hedge Funds, Including, Two Sigma Advisers Lp sold out all of its stake in CHK during the most recent quarter. Franklin Resources Inc. boosted its position in Chesapeake Energy Corp.by 27.2% in the first quarter. Norges Bank acquired a new position in Chesapeake Energy Corp. during the fourth quarter valued at about $25,055,000. Atmos Energy Corporation makes up approx 0.09% of Calvert Investment Management’s portfolio. “19” said the company as a “Hold”.
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Today’s gains come after CHK stock gained 13%-plus Friday after announcing capital spending in 2016 of just $1.3 billion to $1.8 billion on top of a stronger-than-expected natural gas report from U.S. Energy Information Administration. Chesapeake Energy Corporation’s (CHK) is a part of Basic Materials sector and belongs to Independent Oil & Gas industry. The Regulated Energy segment includes its natural gas distribution, natural gas transmission and electric distribution operations.
