Chesapeake Energy Corporation (CHK) Earning Somewhat Favorable Press Coverage, Study Shows
Press coverage about Chesapeake Energy Corporation (NYSE:CHK) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Chesapeake Energy Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news articles about the oil and gas exploration company an impact score of 45.6560405400823 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Louisiana-Pacific Moves Up In Market Cap Rank, Passing Chesapeake Energy (marketnewsvideo.com)
- Natural Gas Falls Even as Supplies Dip Below 5-Year Average (finance.yahoo.com)
- Chesapeake Energy Corporation (CHK) Stock Rating Reaffirmed by Jefferies Group LLC (americanbankingnews.com)
- Bill Nygren’s Oakmark Select Fund Third Quarter 2017 (finance.yahoo.com)
- $1.07 Billion in Sales Expected for Chesapeake Energy Corporation (CHK) This Quarter (americanbankingnews.com)
A number of brokerages have recently commented on CHK. Jefferies Group LLC downgraded Chesapeake Energy Corporation from a “hold” rating to an “underperform” rating in a research report on Monday. ValuEngine raised Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Mizuho reissued a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy Corporation in a research report on Friday, September 29th. Imperial Capital began coverage on Chesapeake Energy Corporation in a research report on Tuesday, September 19th. They set an “in-line” rating and a $5.00 price objective for the company. Finally, Piper Jaffray Companies lowered their price objective on Chesapeake Energy Corporation from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Chesapeake Energy Corporation presently has an average rating of “Hold” and a consensus target price of $6.17.
Shares of Chesapeake Energy Corporation (NYSE CHK) opened at 4.19 on Tuesday. The firm has a 50-day moving average price of $4.00 and a 200-day moving average price of $4.84. Chesapeake Energy Corporation has a 52 week low of $3.55 and a 52 week high of $8.20. The stock’s market cap is $3.73 billion.
Chesapeake Energy Corporation (NYSE:CHK) last issued its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm earned ($0.14) EPS. On average, analysts forecast that Chesapeake Energy Corporation will post $0.73 earnings per share for the current fiscal year.
In other news, Director R Brad Martin bought 25,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $4.11 per share, for a total transaction of $102,750.00. Following the transaction, the director now owns 547,358 shares in the company, valued at $2,249,641.38. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.14% of the stock is currently owned by company insiders.
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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