Shares of Chesapeake Energy (CHK) were surging 8.54% to $6.16 in early-afternoon trading on Thursday after Thomas Ryan, a company board member, purchased 50,000 shares of Chesapeake’s common stock at $5.60 each, Reuters reports. Capital One Financial Corp. raised shares of Chesapeake Energy Corp. from an “underweight” rating to an “equal weight” rating in a report on Tuesday.
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In case of Revenue Estimates, 6 analysts have provided their consensus Average Revenue Estimates for Chesapeake Energy Corporation as 2.28 Billion. Schneider Capital Management Corp now owns 3,342,901 shares of the oil and gas exploration company’s stock valued at $15,043,000 after buying an additional 990,642 shares during the period.
Chesapeake Energy Corp. boosted the size and lowered the interest on a loan that will help the company tackle its debt load as it copes with a prolonged slump in oil prices and credit downgrades. The 52-week high of the shares is $9.55 while the 52-week low is $1.5. YTD, the current share price of the stock is above 37.78 percent. According to the analyst this now indicates there is a potential decrease of -2.2% from Chesapeake Energy Corporation’s current price of 6.14.
Deutsche Bank today set a target price of 6 on the company’s stock.
In a different note, On Jul 26, 2016, Johnson Rice said it Upgrades its rating on Chesapeake Energy Corporation.
“The market seems to believe that they will weather the storm for at least the next few years”, said Shaia Hosseinzadeh, who oversees energy private-equity and credit at WL Ross, the namesake firm of billionaire deal-maker Wilbur Ross.
Today there are 766,672,000 shares in issue of Chesapeake Energy Corporation which are now trading at 6.15 which brings the business’s market capitalisation to 4.72B United States dollars.
Chesapeake shares gained 9.6 percent on Monday after the announcement of its billion loan arrangement with Goldman Sachs, Citigroup and MUFG. The 12-month target is $4.44 with zero rating the company a strong buy, zero rating the stock a buy, zero firms rating the stock a hold, zero rating the stock to underperform, and lastly zero firmsrating the company as sell. The Company holds 4178.00 million shares outstanding.
Analysts have consensus one year price target of $89.63. In late June, the company recommenced operations in the Williston Basin in connection with the 44-well participation agreement announced in its first quarter results press release. The last close places the company’s stock about $86.05 off its 52 week high of $98.4 and $9.65 above the 52 week low of $2.7.
An institutional investor recently raised its position in Chesapeake Utilities Corp. stock. The shares were purchased at an average cost of $5.59 per share, for a total transaction of $279,500.00. Overweight rating was given by 2 analysts and Underweight rating was given by 0 analysts. The Company operates in two segments: Exploration and Production and Marketing Gathering and Compression.
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Chesapeake, the U.S.’s second-largest natural-gas producer after Exxon Mobil Corp.
