Chesapeake Energy +2.5% on strong Q1 results, production outlook

GSA Capital Partners LLP reduced its stake in Chesapeake Energy Co. Short-float is elevated at 15 percent, so any bad news day will send the stock sharply lower. GSA Capital Partners LLP's holdings in Chesapeake Energy were worth $169,000 at the end of the most recent quarter. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. The business earned $185.20 million during the quarter, compared to analysts' expectations of $159.70 million. Harris Associates L P raised its stake in Chesapeake Energy by 1,007.7% in the third quarter.

Analysts expect Toyota Motor Corp (ADR) (NYSE:TM) to report $1.90 EPS on May, 10.They anticipate $0.50 EPS change or 20.83% from last quarter's $2.4 EPS. William Blair Investment Management LLC increased its position in shares of Chesapeake Utilities by 11.6% in the fourth quarter. Finally, Cutler Capital Management LLC acquired a new stake in Chesapeake Energy during the first quarter valued at $142,000.

Total shares held by institutions as of the most recent company filings are 671,080,781 with a reported 90,265,317 bought and 151,594,557 sold. National Planning Corp increased its position in shares of Chesapeake Energy by 13.8% in the fourth quarter. However, the US-based company's overall production came in at 48 million barrels of oil equivalent (MMBOE), more than 20% lower compared to the same quarter of a year ago. The number of shares now owned by investors are 912 mln. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/05/05/chesapeake-energy-co-chk-receives-sell-rating-from-fbr-co.html. Chesapeake Energy Corporation (CHK) 52 week low value is at $3.56 and its current distance from 52 week low value is 44.1%. The company has a market capitalization of $1.17 billion, a PE ratio of 25.10 and a beta of 0.20.

Chesapeake Energy Corporation (CHK) has a 52-week high of $8.20 and a 52-week low of $3.56.

The Relative Volume of the company is 2.55 and Average Volume (3 months) is 39.44 million. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.04.

The company's expected revenue in the current quarter to be 2.32 Billion, seeing a projected current quarter growth of 290%, and per annum growth estimates over the next 5 year period of around 5%. After having $-0.45 EPS previously, TRACON Pharmaceuticals Inc's analysts see 4.44% EPS growth.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and global trademark & copyright legislation. Chesapeake Energy also was the target of unusually large options trading on Wednesday. While an aggressive production and capital spending budget can prove to be a boon in a strong pricing environment, it can weigh heavily on the company's cash flows and profitability in the current weak price environment. Finally, Jefferies Group LLC upgraded Chesapeake Energy from an "underperform" rating to a "hold" rating in a research note on Tuesday, January 31st. Joel Isaacson And Limited Liability has 0.01% invested in Chesapeake Energy Corporation (NYSE:CHK). Out of rating recommendations 3 have given the stock a Buy while 5 recommend the stock as Outperform. Barclays PLC upped their price target on Chesapeake Energy from $4.00 to $5.00 and gave the stock an "underweight" rating in a report on Thursday, January 26th. The Pictet Bank & Trust Ltd holds 19,800 shares with $2.10 million value, down from 23,930 last quarter. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Moreover, Mai Cap has 0.01% invested in Chesapeake Energy Corporation (NYSE:CHK) for 11,884 shares. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The mean rating score for this stock is at 1.70.

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids in the United States. It operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression.

According to Zacks, "Chesapeake Utilities Corporation is a utility company engaged in natural gas distribution and transmission, propane distribution and marketing, advanced information services and other related businesses.Chesapeake's three natural gas distribution divisions serve residential, commercial and industrial customers in southern Delaware, Maryland's Eastern Shore and Florida".

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