Chesapeake Energy Corporation (CHK) Given Coverage Optimism Rating of 0.10
News coverage about Chesapeake Energy Corporation (NYSE:CHK) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chesapeake Energy Corporation earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media coverage about the oil and gas exploration company an impact score of 46.1773557642475 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Portland General Electric Moves Up In Market Cap Rank, Passing Chesapeake Energy (marketnewsvideo.com)
- Chesapeake Energy Corporation (CHK) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Analysts Sights: Chesapeake Energy Corp (CHK) – ExpertGazette (expertgazette.com)
- Why Chesapeake Energy Corporation (CHK) Stock Is a Buy for the Patient – Investorplace.com (investorplace.com)
- Q2 2018 Earnings Forecast for Chesapeake Energy Corporation Issued By Seaport Global Securities (NYSE:CHK) (americanbankingnews.com)
Chesapeake Energy Corporation (NYSE CHK) opened at 4.14 on Friday. Chesapeake Energy Corporation has a 12-month low of $4.05 and a 12-month high of $8.20. The stock has a 50 day moving average price of $4.71 and a 200-day moving average price of $5.39. The stock’s market cap is $3.69 billion.
Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) earnings per share. On average, equities analysts expect that Chesapeake Energy Corporation will post $0.76 earnings per share for the current year.
Several equities analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $6.00 price target (down previously from $10.00) on shares of Chesapeake Energy Corporation in a research note on Friday. Scotiabank set a $5.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a research note on Thursday, August 3rd. Vetr raised Chesapeake Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $5.68 price target on the stock in a research note on Tuesday, August 1st. BidaskClub lowered Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. decreased their price target on Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.55.
In other news, Director Thomas L. Ryan bought 75,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was purchased at an average cost of $5.00 per share, for a total transaction of $375,000.00. Following the completion of the transaction, the director now directly owns 440,355 shares of the company’s stock, valued at approximately $2,201,775. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R Brad Martin bought 20,400 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was purchased at an average price of $4.55 per share, with a total value of $92,820.00. Following the completion of the transaction, the director now directly owns 522,358 shares of the company’s stock, valued at $2,376,728.90. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 115,400 shares of company stock valued at $573,020. Insiders own 1.10% of the company’s stock.
About Chesapeake Energy Corporation
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
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