The Chesapeake Energy Corporation (NYSE:CHK) Stock Rating Lowered by Vetr Inc

The Chesapeake Energy Corporation (NYSE:CHK) Stock Rating Lowered by Vetr Inc”

Hilliard Lyons upgraded the stock to "Neutral" rating in Monday, August 10 report. Zacks Investment Research cut shares of Chesapeake Utilities Corporation from a "hold" rating to a "sell" rating in a research report on Tuesday, May 23rd. Royal Bank Of Canada set a $7.00 price target on Chesapeake Energy Corporation and gave the stock a hold rating in a research report on Monday, May 29th.

Chesapeake Energy Corporation (CHK) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas.

WARNING: This piece was first reported by Stock Observer and is owned by of Stock Observer.

Among 13 analysts covering ConAgra Foods (NYSE:CAG), 7 have Buy rating, 2 Sell and 4 Hold. The company has an average rating of "Hold" and a consensus target price of $6.80. About shares traded. Chesapeake Utilities Corporation (NYSE:CPK) has risen 25.44% since July 17, 2016 and is uptrending.

The Relative Volume of the company is 0.57 and Average Volume (3 months) is 38.27 million. If we take a long term observation, shares have been trading at a distance of -18.14% from the 200-day moving average. Ativo Capital Mgmt Ltd Limited Liability Company has invested 0.17% in Chesapeake Utilities Corporation (NYSE:CPK).

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Chesapeake Utilities Corporation (NYSE:CPK) last posted its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.46 by $0.29. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.10 billion. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in Chesapeake Energy Corporation (NYSE:CHK). The difference between the expected and actual EPS was $0.05/share, which represents an Earnings surprise of 27.8%. Equities analysts predict that Chesapeake Energy Corporation will post $0.83 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: "Chesapeake Energy Corporation (CHK) Receives Daily Media Impact Score of 0.09" was published by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States & global trademark and copyright laws. The original version of this piece of content can be viewed at Analysts reported that the Price Target for Chesapeake Energy Corporation might touch $10 high while the Average Price Target and Low price Target is $5.93 and $1.5 respectively. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

In related news, Director R Brad Martin bought 20,400 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was acquired at an average price of $5.26 per share, for a total transaction of $105,200.00. Following the completion of the purchase, the director now owns 501,958 shares in the company, valued at $2,640,299.08. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 115,400 shares of company stock worth $573,020.

A number of hedge funds and other institutional investors have recently made changes to their positions in CHK. Harris Associates L P now owns 65,475,640 shares of the oil and gas exploration company's stock worth $388,926,000 after buying an additional 32,145,200 shares in the last quarter. Federated Investors Inc. PA increased its stake in Chesapeake Energy Corporation by 0.3% in the fourth quarter. The firm owned 91,145,308 shares of the oil and gas exploration company's stock after buying an additional 6,948,058 shares during the period. Vanguard Group Inc. increased its position in Chesapeake Energy Corporation by 8.3% in the first quarter. Thrivent Financial for Lutherans now owns 26,935 shares of the oil and gas exploration company's stock worth $189,000 after buying an additional 4,780 shares during the period. Comerica Bank increased its stake in shares of Chesapeake Energy Corporation by 16.3% in the fourth quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company's stock worth $260,083,000 after buying an additional 2,476,711 shares in the last quarter. Finally, Greenwich Wealth Management LLC increased its stake in shares of Chesapeake Energy Corporation by 3.5% in the first quarter. RI now owns 117,691 shares of the oil and gas exploration company's stock worth $699,000 after buying an additional 12,250 shares in the last quarter. Following the acquisition, the director now directly owns 440,355 shares of the company's stock, valued at approximately $2,201,775. It operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression. The marketing, gathering and compression segment is responsible for marketing, gathering and compression of oil, natural gas and NGL.

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