Two Sigma Securities LLC purchased a new stake in Chesapeake Energy Co. (NYSE:CHK) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 89,770 shares of the oil and gas exploration company’s stock, valued at approximately $355,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of CHK. Brave Asset Management Inc. increased its holdings in shares of Chesapeake Energy by 154.2% in the 3rd quarter. Brave Asset Management Inc. now owns 38,130 shares of the oil and gas exploration company’s stock valued at $164,000 after acquiring an additional 23,130 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Chesapeake Energy in the 3rd quarter valued at approximately $170,000. Sigma Planning Corp increased its holdings in shares of Chesapeake Energy by 187.5% in the 3rd quarter. Sigma Planning Corp now owns 41,169 shares of the oil and gas exploration company’s stock valued at $177,000 after acquiring an additional 26,850 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Chesapeake Energy by 41.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,909 shares of the oil and gas exploration company’s stock valued at $213,000 after acquiring an additional 15,804 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Chesapeake Energy by 159.1% in the 4th quarter. Brown Advisory Inc. now owns 55,094 shares of the oil and gas exploration company’s stock valued at $218,000 after acquiring an additional 33,827 shares during the last quarter. Institutional investors and hedge funds own 61.89% of the company’s stock.
Shares of CHK stock opened at $2.98 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of -4.86. Chesapeake Energy Co. has a 1 year low of $2.53 and a 1 year high of $6.39. The firm has a market cap of $2,645.90, a price-to-earnings ratio of 3.63 and a beta of 1.79.
Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas exploration company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. Chesapeake Energy had a negative return on equity of 32.26% and a net margin of 9.73%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. equities analysts expect that Chesapeake Energy Co. will post 0.74 EPS for the current year.
A number of equities research analysts have recently weighed in on CHK shares. Credit Suisse Group started coverage on Chesapeake Energy in a report on Monday, December 11th. They issued an “underperform” rating and a $3.00 price target for the company. ValuEngine lowered Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. SunTrust Banks restated a “buy” rating and set a $6.00 price objective on shares of Chesapeake Energy in a research report on Wednesday, January 3rd. Piper Jaffray restated a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research report on Tuesday, January 9th. Finally, Mizuho lowered Chesapeake Energy from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $4.28 to $8.00 in a research report on Tuesday, January 16th. Nine research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.63.
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About Chesapeake Energy
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.
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