Stock Jumping Abnormally High: Chesapeake Energy Corporation (CHK)

Marco Green
November 14, 2017

EQT Corporation (EQT) shares declined -1.11% and ended the day at $65.18. Mizuho reaffirmed a hold rating and issued a $5.00 target price on shares of Chesapeake Energy Corporation in a research note on Friday, September 29th. Over the 52-week time span, the stock notched a high price of $8.2 and its minimum price was $3.41.

The stock is now showing YTD performance of -41.03 Percent.

CHK has been the subject of several other research reports.

Chesapeake Energy Corporation on 9/29/2017 reported its EPS as $0.07 with the analysts projecting the EPS of the stock as $0.07.

Chesapeake Energy an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. The stock's short float is around of 19.07% and short ratio is 5.92. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Piper Jaffray Companies set a $6.00 price objective on Chesapeake Energy Corporation and gave the stock a hold rating in a research note on Thursday, August 24th.

ILLEGAL ACTIVITY NOTICE: "Chesapeake Energy Corporation (CHK) Earns Hold Rating from Scotiabank" was posted by Week Herald and is owned by of Week Herald. (NYSE:CHK) opened at 7.29 on Monday. It would take about 5.92 days to cover all short positions. The company's market cap is $3.76 Billion, and the average volume is $29.02 Million. The stock's last price was higher from the average trading price of 50 days recorded at $3.97 while enlarging the period to 200 trading days, the average price was $4.89. According to today's trading volume Chesapeake Energy Corporation is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days.

EQT Corporation's Average Earnings Estimate for the current quarter is $0.31, according to consensus of 15 analysts. The company had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion.

Big Lots, Inc. most recently reported earnings per share (EPS) of $0.67 for the July 2017 versus $0.52 in the same quarter past year, representing 29% growth. Chesapeake Energy Corp.'s quarterly revenue was down 32.6% compared to the same quarter previous year. "(CHK)" was first reported by and is the sole property of of. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & global trademark & copyright law.

Several hedge funds have recently modified their holdings of CHK. FMR LLC boosted its stake in Chesapeake Energy Corporation by 0.3% in the first quarter. HighTower Advisors LLC now owns 59,667 shares of the oil and gas exploration company's stock worth $355,000 after purchasing an additional 6,367 shares in the last quarter. Finally, BlueCrest Capital Management Ltd grew its position in shares of Chesapeake Energy Corporation by 341.2% during the second quarter. CIBC World Markets Inc. now owns 67,719 shares of the oil and gas exploration company's stock valued at $425,000 after buying an additional 274 shares in the last quarter. The company now has a consensus rating of Hold and an average target price of $5.77.

In the most updated research from a number of analysts on Wall Street, the company gets 10 Buys and 0 Sell among 16 analysts. Pennsylvania Trust Co purchased a new stake in shares of Chesapeake Energy Corporation during the second quarter worth about $1,244,000. Thrivent Financial For Lutherans now owns 28,815 shares of the oil and gas exploration company's stock valued at $172,000 after acquiring an additional 1,880 shares in the last quarter.

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

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