Chesapeake Energy Corporation (NYSE:CHK) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 171,716,515 shares, a decline of 4.3% from the October 13th total of 179,374,478 shares. Based on an average daily volume of 22,694,312 shares, the short-interest ratio is presently 7.6 days. Approximately 19.2% of the company’s stock are sold short.

Several large investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC grew its stake in shares of Chesapeake Energy Corporation by 91.1% during the 3rd quarter. Highbridge Capital Management LLC now owns 419,050 shares of the oil and gas exploration company’s stock valued at $1,802,000 after acquiring an additional 199,750 shares during the period. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Chesapeake Energy Corporation by 22.1% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 155,885 shares of the oil and gas exploration company’s stock valued at $669,000 after acquiring an additional 28,190 shares during the period. Chevy Chase Trust Holdings Inc. grew its stake in shares of Chesapeake Energy Corporation by 20.5% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 791,989 shares of the oil and gas exploration company’s stock valued at $3,405,000 after acquiring an additional 134,861 shares during the period. Old West Investment Management LLC grew its stake in shares of Chesapeake Energy Corporation by 96.3% during the 3rd quarter. Old West Investment Management LLC now owns 2,157,554 shares of the oil and gas exploration company’s stock valued at $9,277,000 after acquiring an additional 1,058,477 shares during the period. Finally, Advantage Investment Management LLC grew its stake in shares of Chesapeake Energy Corporation by 15.3% during the 3rd quarter. Advantage Investment Management LLC now owns 109,613 shares of the oil and gas exploration company’s stock valued at $471,000 after acquiring an additional 14,555 shares during the period. Institutional investors own 64.71% of the company’s stock.

Chesapeake Energy Corporation (NYSE CHK) opened at $3.94 on Wednesday. The stock has a market capitalization of $3,630.00, a P/E ratio of 6.90 and a beta of 2.18. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53. Chesapeake Energy Corporation has a 52 week low of $3.41 and a 52 week high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The company had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion. Chesapeake Energy Corporation had a negative return on equity of 19.93% and a net margin of 2.77%. The firm’s revenue was down 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. research analysts predict that Chesapeake Energy Corporation will post 0.74 earnings per share for the current year.

A number of equities analysts recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $4.00 price target on shares of Chesapeake Energy Corporation in a research note on Tuesday. Scotiabank reiterated a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy Corporation in a research note on Friday, November 3rd. Piper Jaffray Companies set a $4.00 price target on shares of Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, October 19th. Barclays PLC upped their price target on shares of Chesapeake Energy Corporation from $2.00 to $3.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 11th. Finally, Jefferies Group LLC cut shares of Chesapeake Energy Corporation from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $4.00 to $2.00 in a research note on Monday, October 9th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $5.81.

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Chesapeake Energy Corporation Company Profile

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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