Gofen & Glossberg LLC IL bought a new position in shares of Chesapeake Energy Corporation (NYSE:CHK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 90,700 shares of the oil and gas exploration company’s stock, valued at approximately $390,000.

Other institutional investors have also bought and sold shares of the company. Archford Capital Strategies LLC acquired a new position in Chesapeake Energy during the second quarter worth $984,000. Advisory Services Network LLC grew its position in shares of Chesapeake Energy by 42.6% in the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock valued at $116,000 after purchasing an additional 7,000 shares during the last quarter. UBS Oconnor LLC acquired a new stake in shares of Chesapeake Energy in the second quarter valued at about $122,000. Gotham Asset Management LLC acquired a new stake in shares of Chesapeake Energy in the second quarter valued at about $126,000. Finally, HRT Financial LLC acquired a new stake in shares of Chesapeake Energy in the second quarter valued at about $131,000. 64.03% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on CHK shares. ValuEngine raised Chesapeake Energy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BMO Capital Markets set a $4.00 price target on Chesapeake Energy and gave the company a “hold” rating in a research report on Tuesday, November 14th. Scotiabank reaffirmed a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy in a research report on Friday, November 3rd. Piper Jaffray Companies set a $4.00 price target on Chesapeake Energy and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, Tudor Pickering downgraded Chesapeake Energy from a “buy” rating to a “hold” rating and raised their price target for the company from $3.76 to $4.00 in a research report on Tuesday, September 5th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $5.51.

Shares of Chesapeake Energy Corporation (CHK) opened at $3.66 on Friday. Chesapeake Energy Corporation has a 1 year low of $3.41 and a 1 year high of $7.65. The firm has a market capitalization of $3,380.31, a PE ratio of 6.20 and a beta of 2.13. 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 (NYSE:CHK) last released its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The business had revenue of $979.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. analysts anticipate that Chesapeake Energy Corporation will post 0.76 EPS for the current year.

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Chesapeake Energy 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.

Institutional Ownership by Quarter for Chesapeake Energy (NYSE:CHK)

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