Chesapeake Energy (NYSE:CHK) Receives "Buy" Rating from SunTrust Banks

Mae Love
January 13, 2018

The institutional investor held 53,000 shares of the consumer durables company at the end of 2017Q3, valued at $2.42M, down from 63,000 at the end of the previous reported quarter. Outfitter Advisors Ltd who had been investing in Hess Corp for a number of months, seems to be less bullish one the $17.18B market cap company. Dingmann now forecasts that the oil and gas exploration company will post earnings per share of $1.11 for the year, up from their prior estimate of $1.10. About 1.93M shares traded. Hess Corporation (NYSE:HES) has declined 14.55% since January 12, 2017 and is downtrending. It has underperformed by 9.75% the S&P500. Shelter Mutual Insurance Co bought 36,400 shares as the company's stock declined 15.11% while stock markets rallied. The institutional investor held 5.07 million shares of the oil & gas production company at the end of 2017Q3, valued at $21.78M, up from 4.39M at the end of the previous reported quarter. The shares of the corporation went up by 3.92% during the previous month. The stock increased 4.01% or $0.871 during the last trading session, reaching $22.611.

Chesapeake Energy Corporation is the second-largest producer of natural gas, a Top 15 producer of oil and natural gas liquids and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Marcellus, Haynesville, Bossier, and Barnett natural gas shale plays and in the Eagle Ford, Utica, Mississippi Lime, Granite Wash, Cleveland, Tonkawa, Niobrara, Bone Spring, Avalon, Wolfcamp and Wolfberry unconventional liquids plays. The business had revenue of $979.00 million during the quarter, compared to analysts' expectations of $1.05 billion. UBS Oconnor LLC bought a new stake in Chesapeake Energy during the 2nd quarter valued at $122,000.

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.06, from 1.19 in 2017Q2.

A number of hedge funds have recently bought and sold shares of CHK. 66 funds opened positions while 209 raised stakes. Over the past three months, the average daily trading volume came in at about 0.7 million shares per day. Dynamic Capital Limited, a United Kingdom-based fund reported 160,446 shares. Stifel Fincl Corp stated it has 1.12 million shares.

Shares of Chesapeake Energy (CHK) traded up $0.07 on Wednesday, hitting $4.26. Highlander Capital Management holds 1,800 shares or 0.01% of its portfolio. Ing Groep Nv reported 306,476 shares. ValuEngine upgraded Chesapeake Energy from a "hold" rating to a "buy" rating in a research report on Monday, October 2nd. 23,342 are held by Cleararc.

Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings data on Thursday, November 2nd. West Oak Limited reported 0.01% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). Capital One upgraded the shares of CHK in report on Tuesday, August 16 to "Equal-Weight" rating. Currently, Chesapeake Energy Corporation (NYSE:CHK) has an average volume of 26.46 Million. Advisor Partners Limited Liability Corp stated it has 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Susquehanna Llp owns 3.82M shares or 0.01% of their USA portfolio. Chesapeake Energy Co. has a 52 week low of $3.41 and a 52 week high of $7.29. Therefore 19% are positive. SunTrust Banks also issued estimates for Chesapeake Energy's FY2020 earnings at $1.20 EPS. As per Tuesday, January 26, the company rating was maintained by Susquehanna. Hanson Mcclain Inc invested in 300 shares or 0% of the stock. Barclays Capital maintained it with "Underweight" rating and $3 target in Tuesday, August 16 report. 0 analysts gave its stock an Outperform rating.

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Chesapeake Energy Corporation (NYSE:CHK) gross margin percentage stands at 75.9% while its operating margin for the past trailing twelve month is 2.8 percent and its overall profit margin (ttm) is -5.2 Percent. The count of Hold ratings in that period was 4. The rating was maintained by Citigroup on Friday, July 21 with "Neutral". SunTrust Banks now has a $6.00 target price on the oil and gas exploration company's stock. The firm has "Hold" rating by Jefferies given on Thursday, November 10.

Since August 8, 2017, it had 0 insider purchases, and 3 selling transactions for $873,466 activity. Apache Corporation had 91 analyst reports since July 21, 2015 according to SRatingsIntel.

Investors sentiment decreased to 0.75 in 2017 Q3. Its up 0.17, from 0.67 in 2017Q2. It fall, as 43 investors sold HES shares while 162 reduced holdings. 171.23 million shares or 7.02% less from 184.16 million shares in 2017Q2 were reported. Weiss Asset Mgmt L P, a Massachusetts-based fund reported 6,810 shares.

Farmers & Merchants Investments Inc, which manages about $1.27B US Long portfolio, upped its stake in Us Bancorp (NYSE:USB) by 103,768 shares to 420,868 shares, valued at $22.55M in 2017Q3, according to the filing. The Texas-based Adams Asset Ltd Liability Com has invested 0.2% in Apache Corporation (NYSE:APA). Alliancebernstein Lp has invested 0.02% in Apache Corporation (NYSE:APA). Troy Asset has invested 0.24% in Thomson Reuters Corporation (NYSE:TRI).

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Amalgamated Bank owns 30,106 shares or 0.04% of their United States portfolio. Public Sector Pension Invest Board accumulated 41,877 shares. Invesco has 6.16 million shares. Boothbay Fund Ltd Liability Company holds 4,703 shares or 0.04% of its portfolio. Principal Fin Gp Inc, Iowa-based fund reported 396,168 shares.

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