The firm now has a "hold" rating on the oil and gas exploration company's stock. RBC Capital Markets maintained it with "Hold" rating and $700 target in Monday, May 29 report.
A number of other brokerages have also issued reports on CHK. The share last price represents downtick move of -53.17% in value from company's 52-Week high price and shows 8.17% above change in value from its 52-Week low price. Johnson Rice raised Chesapeake Energy Corp. from a "hold" rating to an "accumulate" rating in a research note on Tuesday, July 26th. The company's stock had a trading volume of 15,424,083 shares. Cwm Ltd Liability Company holds 0% in Chesapeake Energy Corporation (NYSE:CHK) or 21 shares. BMO Capital Markets maintained Chesapeake Energy Corporation (NYSE:CHK) on Friday, August 11 with "Hold" rating. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock.
Among 27 analysts covering J.C. Penney Company (NYSE:JCP), 5 have Buy rating, 4 Sell and 18 Hold.
Chesapeake Energy (NYSE CHK) opened at 3.80 on Tuesday. Short-term traders are anticipated to see a retreat of -12.75% over the course of a quarter and, with 90% chance the price will be floating in the range of $2.84 and $3.90 in this timeframe. The company operates in the Energy sector with a market capitalization of 3.46 Million.
In taking a look at technical levels, Chesapeake Energy Corporation (NYSE:CHK) shares are trading -4.49% away from the 50 day simple moving average and -26.06% away from the 200 day simple moving average.
Covering sell-side analysts have recently weighed in on shares of Chesapeake Energy Corporation (NYSE:CHK). The oil and gas exploration company reported $0.09 EPS for the quarter, topping the Zacks' consensus estimate of ($0.03) by $0.12. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $1.07 billion. The firm's quarterly revenue was up 40.6% compared to the same quarter past year. 577.13 million shares or 0.27% less from 578.67 million shares in 2017Q1 were reported. Chesapeake Energy Corporation (CHK) now trades with a market capitalization of $3.46 Billion.
ILLEGAL ACTIVITY NOTICE: This story was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of United States and worldwide copyright law. Chesapeake Energy Corporation (NYSE:CHK) has risen 49.74% since October 21, 2016 and is uptrending.
In related news, Director R Brad Martin purchased 25,000 shares of Chesapeake Energy stock in a transaction that occurred on Friday, August 11th. A total of 1,878,088 shares exchanged hands during the intra-day trade contrast with its average trading volume of 2.34M shares, while its relative volume stands at 1.04. It dropped, as 73 investors sold J C Penney Company Inc shares while 70 reduced holdings. Edge Wealth Management LLC lifted its position in Chesapeake Energy by 4,000.0% during the 3rd quarter. State Treasurer State of MI raised its position in shares of Chesapeake Energy by 8.9% in the 3rd quarter. Retirement Systems of Alabama now owns 297,623 shares of the oil and gas exploration company's stock worth $1,274,000 after buying an additional 30,064 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Chesapeake Energy Corporation by 42.6% in the second quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company's stock worth $260,083,000 after acquiring an additional 2,476,711 shares during the last quarter. ING Groep NV boosted its position in shares of Chesapeake Energy Corp.by 85.8% in the second quarter. Finally, HRT Financial LLC acquired a new position in shares of Chesapeake Energy Corporation during the second quarter valued at $131,000. Toronto Dominion Bank now owns 249,025 shares of the oil and gas exploration company's stock valued at $1,238,000 after purchasing an additional 51,801 shares in the last quarter. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL. Chesapeake owns interests in producing oil and gas wells concentrated in three primary operating areas: the Mid-Continent region of Oklahoma, western Arkansas, southwestern Kansas and the Texas Panhandle; the Gulf Coast region consisting primarily of the Austin Chalk Trend in Texas and Louisiana and the Tuscaloosa Trend in Louisiana; and the Helmet area of northeastern British Columbia. Exploration and production is engaged in finding and producing oil, natural gas and NGL.