Chesapeake Energy Co. (NYSE:CHK) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 207,707,673 shares, a growth of 15.8% from the February 15th total of 179,368,170 shares. Based on an average daily volume of 53,265,782 shares, the short-interest ratio is currently 3.9 days. Currently, 31.8% of the shares of the stock are short sold.
Chesapeake Energy (NYSE:CHK) opened at $3.12 on Wednesday. The company has a debt-to-equity ratio of -4.86, a quick ratio of 0.65 and a current ratio of 0.65. Chesapeake Energy has a 1 year low of $2.53 and a 1 year high of $6.59. The firm has a market cap of $2,840.00, a price-to-earnings ratio of 1.38 and a beta of 1.93.
Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings data on Thursday, February 22nd. The oil and gas exploration company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Chesapeake Energy had a net margin of 9.73% and a negative return on equity of 32.26%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business posted $0.07 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. equities research analysts expect that Chesapeake Energy will post 0.78 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of CHK. Nationwide Fund Advisors grew its holdings in shares of Chesapeake Energy by 9.0% in the third quarter. Nationwide Fund Advisors now owns 238,475 shares of the oil and gas exploration company’s stock worth $1,025,000 after purchasing an additional 19,739 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Chesapeake Energy in the third quarter worth about $170,000. Prudential Financial Inc. grew its holdings in shares of Chesapeake Energy by 7.1% in the third quarter. Prudential Financial Inc. now owns 1,087,138 shares of the oil and gas exploration company’s stock worth $4,675,000 after purchasing an additional 72,000 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Chesapeake Energy by 12.3% in the third quarter. Principal Financial Group Inc. now owns 1,374,653 shares of the oil and gas exploration company’s stock worth $5,911,000 after purchasing an additional 150,899 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Chesapeake Energy by 1.9% in the third quarter. Swiss National Bank now owns 1,518,603 shares of the oil and gas exploration company’s stock worth $6,530,000 after purchasing an additional 27,700 shares during the last quarter. Institutional investors and hedge funds own 61.93% of the company’s stock.
Several equities research analysts recently weighed in on the stock. ValuEngine cut shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Credit Suisse Group assumed coverage on shares of Chesapeake Energy in a research report on Monday, December 11th. They issued an “underperform” rating and a $3.00 price target on the stock. SunTrust Banks restated a “buy” rating and issued a $6.00 price target on shares of Chesapeake Energy in a research report on Wednesday, January 3rd. Piper Jaffray Companies restated a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy in a research report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded shares of Chesapeake Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.00.
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About Chesapeake Energy
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
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