Today’s Market Runner: Could Chesapeake Energy Corporation Decline After Today’s Huge Increase?

Today's Market Runner: Could Chesapeake Energy Corporation Decline After Today's Huge Increase?

The stock of Chesapeake Energy Corporation (NYSE:CHK) is a huge mover today! About 20.99M shares traded hands. Chesapeake Energy Corporation (NYSE:CHK) has declined 9.74% since April 13, 2016 and is downtrending. It has underperformed by 13.66% the S&P500.
The move comes after 7 months positive chart setup for the $5.36B company. It was reported on Nov, 15 by Barchart.com. We have $9.18 PT which if reached, will make NYSE:CHK worth $2.84B more.

Chesapeake Energy Corporation (NYSE:CHK) Ratings Coverage

Out of 25 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 5 rate it a “Buy”, 5 “Sell”, while 15 “Hold”. This means 20% are positive. Chesapeake Energy Corporation has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Underperform” rating by FBR Capital on Tuesday, September 13. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 10. The firm has “Market Perform” rating by Bernstein given on Tuesday, November 3. Bank of America upgraded the shares of CHK in a report on Friday, October 21 to “Neutral” rating. Deutsche Bank maintained it with “Hold” rating and $5 target price in Friday, March 11 report. On Friday, January 29 the stock rating was maintained by Barclays Capital with “Underweight”. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Hold” rating by Jefferies on Thursday, November 10. The firm has “Sell” rating given on Thursday, August 6 by UBS. On Tuesday, November 17 the stock rating was downgraded by Sterne Agee CRT to “Neutral”. The firm has “Neutral” rating given on Tuesday, July 21 by Simmons & Co.

According to Zacks Investment Research, “Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. 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.”

Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.84, from 0.53 in 2016Q1. The ratio increased, as 54 funds sold all Chesapeake Energy Corporation shares owned while 87 reduced positions. 55 funds bought stakes while 138 increased positions. They now own 483.96 million shares or 3.30% less from 500.46 million shares in 2016Q1.
South Dakota Invest Council holds 0.06% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 644,369 shares. Johnson Fin accumulated 0% or 1,175 shares. Moreover, Oregon Employees Retirement Fund has 0.03% invested in Chesapeake Energy Corporation (NYSE:CHK) for 264,467 shares. Parametric Port Associates Ltd Liability Com has 3.15M shares for 0.02% of their US portfolio. Commonwealth Fincl Services Ltd Liability Co, a West Virginia-based fund reported 769 shares. Cambridge Inv Rech Advsr Incorporated owns 85,702 shares or 0.01% of their US portfolio. Acadian Asset holds 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 925 shares. Murphy Pohlad Asset Ltd Liability last reported 0.03% of its portfolio in the stock. Teachers Retirement System Of The State Of Kentucky holds 76,100 shares or 0% of its portfolio. State Common Retirement Fund accumulated 0.01% or 1.37 million shares. Point72 Asset Management Ltd Partnership holds 0.02% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 793,800 shares. Davenport Ltd Liability Corporation has invested 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). Thrivent For Lutherans owns 18,045 shares or 0% of their US portfolio. Motco accumulated 500 shares or 0% of the stock. Northern Tru Corporation holds 0.01% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 6.07 million shares.

Insider Transactions: Since August 17, 2016, the stock had 3 buys, and 0 selling transactions for $9.07 million net activity. RYAN THOMAS L bought $279,650 worth of stock. $6.67 million worth of Chesapeake Energy Corporation (NYSE:CHK) was bought by DUNHAM ARCHIE W.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Investorplace.com which released: “3 Big Stock Charts: Chesapeake Energy Corporation (CHK), Home Depot Inc (HD …” on November 14, 2016, also Valuewalk.com with their article: “Chesapeake Energy Corporation Swings To A Surprise Adjusted Profit” published on November 03, 2016, Reuters.com published: “US RESEARCH ROUNDUP-Alkermes, Chesapeake Energy Corp, Latam Airlines” on October 21, 2016. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: Prnewswire.com and their article: “Chesapeake Energy Corporation To Host 2016 Analyst Day, Provides 2016 Third …” published on October 17, 2016 as well as Businesswire.com‘s news article titled: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Chesapeake …” with publication date: November 11, 2016.

CHK Company Profile

Chesapeake Energy Corporation (Chesapeake), incorporated on November 19, 1996, is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Firm operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. The Firm owns interests in approximately 43,700 oil and natural gas wells, and produces an average of approximately 660 thousand barrels of oil equivalent (mboe) per day. It has a diverse resource base of onshore the United States unconventional natural gas and liquids assets. It has positions in resource plays of the Eagle Ford Shale in South Texas; the Utica Shale in Ohio and Pennsylvania; the Anadarko Basin in northwestern Oklahoma and the Texas Panhandle, and the Niobrara Shale in the Powder River Basin in Wyoming. The Company’s natural gas resource plays are 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 Firm also owns oil and natural gas marketing, and natural gas gathering and compression businesses.

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