Piper Jaffray Companies Cuts Chesapeake Energy Corporation (CHK) Price Target to $4.00

The overall volume in the last trading session was 38.84 million shares.

Chesapeake Energy (CHK) stock saw upward movement last week. The high and low revenue estimates for the current quarter are $2.29 Billion and $2.06 Billion, respectively.

The stock of Chesapeake Energy Corporation (NYSE:CHK) is a huge mover today!

FCX’s revenue has declined at an average annualized rate of about -6.6% during the past five years. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. The average investment recommendation for SND, taken from a group of Wall Street Analysts, is 2.00, or a buy.

The company is expected to report earnings of $0.14 a share for the next quarter. Chesapeake Energy Corporation (NYSE:CHK) has risen 49.74% since September 20, 2016 and is uptrending. Whereas, in last 21 trading days (one month) was surged 9.69% and plunged in last 63 trading days (quarter) of -7.30%. During the same period in the previous year, the firm posted ($0.14) EPS. Macquarie Research downgraded the stock to “Underperform” rating in Wednesday, June 21 report.

Among 14 analysts covering Copa Holdings SA (NYSE:CPA), 6 have Buy rating, 1 Sell and 7 Hold. Tudor Pickering cut Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and increased their price target for the stock from $3.76 to $4.00 in a research report on Tuesday, September 5th. A 11 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NYSE:PFE) or, if they already own its stock, sell it. Company’s return on equity, which is really just the product of the company’s profit margin, asset turnover, and financial leverage ratios, is 13.20%, which is worse than the Industrial Metals & Minerals industry average ROE. ValuEngine lowered shares of Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a report on Monday, May 29th. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and global trademark and copyright law.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Investorplace.com which released: “Why Chesapeake Energy Corporation (CHK) Stock is a Buy” on September 13, 2017, also Seekingalpha.com with their article: “Chesapeake Energy: Time To Accumulate Aggressively” published on September 14, 2017, Seekingalpha.com published: “Chesapeake’s Turnaround Is Working” on September 07, 2017. The shares were purchased at an average price of $4.11 per share, for a total transaction of $102,750.00. Following the completion of the acquisition, the director now owns 547,358 shares in the company, valued at approximately $2,249,641.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Thanks to a rise of nearly 1.26% in the past five days, the stock price is now up 9.78% so far on the year – still in strong territory.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHK. Cigna Investments Inc. New lifted its stake in Chesapeake Energy Corporation by 0.9% during the 2nd quarter. Inca Investments Llc who had been investing in Copa Holdings for a number of months, seems to be less bullish one the $5.44B market cap company. The New York-based Blue Ridge Lc has invested 1.05% in Chesapeake Energy Corporation (NYSE:CHK). The Florida-based State Board Of Administration Of Florida Retirement Sys has invested 0.02% in Chesapeake Energy Corporation (NYSE:CHK). Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company’s stock worth $161,000 after acquiring an additional 226 shares in the last quarter.

In recent trading day Chesapeake Energy Corporation (CHK) stock showed the move of 3.71% with the closing price of $4.19. With 31.29 million avg volume, 6 days are for Chesapeake Energy Corporation (NYSE:CHK)’s short sellers to cover CHK’s short positions.

Chesapeake Energy Corporation (CHK) stock directed -44.90% toward a lower level throughout previous year and swapped 4.38% toward a strong spot during past one month.

The stock’s 50 day moving average is 3.99 and its 200 day moving average is 4.93. The firm’s market capitalization is $3.73 billion. It operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression.

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. Exploration and production is engaged in finding and producing oil, natural gas and NGL.

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