Chesapeake Energy Corporation (NYSE:CHK), the second largest natural gas producer in the USA, reported disappointing quarterly results today, as crude oil and natural gas markets struggle to post a persistent recovery.
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Also, Equity analysts at the Brokerage firm Johnson Rice upgrades its rating on Chesapeake Energy Corporation (NYSE:CHK). They issued a “hold” rating on the stock. It is now trading -4.93% below its 20 day moving average and -4.08% below its 50 day moving average. The company has a current market capitalization of $3,711 M and it has 68,46,06,830 shares in outstanding.
The share price of Chesapeake Utilities Corporation (NYSE:CPK) was up +0.57% during the last trading session, with a day high of 64.78.
Chesapeake Utilities Corporation had its “buy” rating reiterated by analysts at BB&T Capital Markets. On a year-over-year basis, the company’s revenues have been slashed in half. The Corporation has a Mean Rating of 3.25 based on the Reuters Analysts consensus issuing ratings. The stock began the session at $5.15 and the volume stood at 4,65,27,786 shares. The insider owns 2,777,951 shares as of Jul 13, 2016, now worth $14139771. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0 analysts call it Underweight, while 1 think it is Overweight. The stock price is moving up from its 20 days moving average with 8.58% and isolated positively from 50 days moving average with 11.27%.
Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The Unregulated Energy segment includes its propane distribution, propane wholesale marketing, natural gas marketing and natural gas supply, gathering and processing services, which are unregulated as to their rates and services. The company holds interests in natural gas resource plays, counting the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas. The company has the institutional ownership of 72.30% while the Beta factor was 1.85.
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The natural gas company posted revenue of $440 million in the period, also missing Street forecasts. As of December 31 2014 the Company held an interest in approximately 45100 gross productive wells including 33600 properties in which it held a working interest and 11500 properties in which it held an overriding royalty interest.
