Economy

SNS Financial Group LLC Has $199000 Position in Chesapeake Energy Corporation (CHK)

SNS Financial Group LLC Has $199000 Position in Chesapeake Energy Corporation (CHK)”

SNS Financial Group LLC cut its stake in shares of Chesapeake Energy Corporation (NYSE:CHK) by 1.7% during the fourth quarter, Holdings Channel reports. Chesapeake Energy Corporation now has a consensus rating of "Hold" and a consensus target price of $7.84. The third largest holder is State Street Corp, which now holds $191.07 million worth of this stock and that ownership represents almost 4.95% of its market capitalization. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $6.00 target price (down previously from $10.00) on shares of Chesapeake Energy Corporation in a research note on Friday, August 11th.

Among 30 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 7 have Buy rating, 6 Sell and 17 Hold. Chesapeake Energy Corporation has been given an analysts' mean target of 4.89.

Chesapeake Energy Corporation (NYSE:CHK) opened at 4.00 on Monday. Putnam Investments LLC now owns 15,394 shares of the oil and gas exploration company's stock worth $108,000 after buying an additional 1,000 shares during the period. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence).

The highest price CHK stock touched in the last 12 month was $8.2 and the lowest price it hit in the same period was $3.55. Chesapeake Energy Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Martin R Brad has acquired 25,000 shares of Chesapeake Energy Corporation (CHK) in trading session dated August 11, 2017. The oil and gas exploration company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04.

6 number of analysts have estimated the sales of the company for the quarter ending Nov 1, 2017- Nov 6, 2017, analysts estimated mean sale target of 2328.69 million while high and low sale targets are estimated at 2426.63 million and 2256.67 million respectively. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%.

Quarterly Revenue Growth on year-over-year basis stands at 40.6 percent.

Chesapeake Energy Corporation (CHK) has a market capitalization of 3.57 Billion which suggests the company is a huge company further suggesting that the shares of Chesapeake Energy Corporation (CHK) are stable and safe compared to the lower market capitalization companies. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of US & global trademark & copyright legislation. The Weekly and Monthly Volatility stands at 4.41% and 4.32%.

The company reported its EPS on 6/29/2017. The shares were acquired at an average cost of $4.55 per share, with a total value of $92,820.00. The total number of shares traded in the last 90-day period is 119,926. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Several institutional investors have recently bought and sold shares of the company.

For the Current Quarter, the growth estimate for Chesapeake Energy Corporation is 55.6%, while for the Next Quarter the stock growth estimate is 200%. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Insider ownership increased by a total of 22906 shares, which suggests that CHK's key executives are feeling more optimistic about the outlook for the stock. The insider now directly owns 516,958 shares worth $2,067,832. Institutional investors own 64.46% of the company's stock. Exploration and production is engaged in finding and producing oil, natural gas and NGL. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression.



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