Private Advisor Group LLC Has $230,000 Position in Chesapeake Energy Corporation (CHK)
Private Advisor Group LLC lifted its holdings in Chesapeake Energy Corporation (NYSE:CHK) by 43.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,790 shares of the oil and gas exploration company’s stock after buying an additional 16,527 shares during the quarter. Private Advisor Group LLC’s holdings in Chesapeake Energy were worth $230,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CHK. Archford Capital Strategies LLC acquired a new position in Chesapeake Energy during the second quarter worth $984,000. Advisory Services Network LLC raised its holdings in Chesapeake Energy by 42.6% during the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after purchasing an additional 7,000 shares during the last quarter. UBS Oconnor LLC acquired a new position in Chesapeake Energy during the second quarter worth $122,000. Gotham Asset Management LLC acquired a new position in Chesapeake Energy during the second quarter worth $126,000. Finally, HRT Financial LLC acquired a new position in Chesapeake Energy during the second quarter worth $131,000. Hedge funds and other institutional investors own 64.03% of the company’s stock.
Several equities analysts recently issued reports on the company. Credit Suisse Group assumed coverage on Chesapeake Energy in a report on Monday. They set an “underperform” rating and a $3.00 price objective for the company. Scotiabank set a $4.00 price objective on Chesapeake Energy and gave the stock a “hold” rating in a report on Wednesday, November 22nd. BMO Capital Markets set a $4.00 price objective on Chesapeake Energy and gave the stock a “hold” rating in a report on Tuesday, November 14th. Piper Jaffray Companies set a $4.00 price objective on Chesapeake Energy and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Barclays lifted their price objective on Chesapeake Energy from $2.00 to $3.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Chesapeake Energy has an average rating of “Hold” and an average target price of $5.51.
Chesapeake Energy Corporation (NYSE: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 price-to-earnings ratio of 6.20 and a beta of 2.13. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53.
Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. equities research analysts anticipate that Chesapeake Energy Corporation will post 0.76 EPS for the current year.
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.
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