The firm owned 110,936 shares of the oil and gas exploration company's stock at the end of the first quarter.
Hedge funds have recently added to or reduced their stakes in the stock. Putnam Investments LLC boosted its position in shares of Chesapeake Energy Corporation by 6.9% in the fourth quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company's stock valued at $111,000 after buying an additional 508 shares during the last quarter. FMR LLC now owns 259,917 shares of the oil and gas exploration company's stock valued at $1,544,000 after buying an additional 667 shares during the last quarter. Comerica Bank raised its stake in Chesapeake Energy Corporation by 1.7% in the first quarter. Harris Associates L P boosted its position in shares of Chesapeake Energy Corporation by 96.4% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 118,410 shares of the oil and gas exploration company's stock worth $831,000 after buying an additional 60,720 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Chesapeake Energy Corporation during the fourth quarter worth about $95,716,000. The firm has a 50-day moving average price of $5.28 and a 200-day moving average price of $6.01. The company has a market cap of $167.17M and its 12 month revenue was nearly $11.50M. Chesapeake Energy Corporation has a 1-year low of $3.93 and a 1-year high of $8.20.
Shares of Chesapeake Energy Corporation (CHK) opened at 4.57 on Monday.
So the company beats the analysts estimate by $0.05/share showing a surprise of 27.8%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chesapeake Energy Corporation had a negative net margin of 35.84% and a negative return on equity of 7.64%. During the same period in the prior year, the company posted ($0.10) EPS.
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Several analysts have commented on CHK shares. BMO Capital Markets reissued a "hold" rating and set a $6.00 target price on shares of Chesapeake Energy Corporation in a report on Monday, May 15th. Finally, Bank of America Corporation restated a "buy" rating on shares of Chesapeake Energy Corporation in a research note on Friday, May 12th. Wunderlich set a $10.00 target price on Chesapeake Energy Corporation and gave the company a "buy" rating in a research note on Sunday, February 26th. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. SunTrust Banks, Inc. reiterated a "buy" rating and issued a $9.00 price objective on shares of Chesapeake Energy Corporation in a research report on Monday, May 1st.
The volume of the particular stock is the shares bought and sold in a single trading day. Scotiabank reaffirmed a "hold" rating and issued a $8.00 target price on shares of Chesapeake Energy Corporation in a research note on Tuesday, March 14th. Also, Director R Brad Martin acquired 20,000 shares of the firm's stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average cost of $5.26 per share, with a total value of $105,200.00. Following the completion of the acquisition, the director now owns 501,958 shares of the company's stock, valued at approximately $2,640,299.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas L. Ryan acquired 75,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $5.00 per share, with a total value of $375,000.00. Following the acquisition, the director now owns 440,355 shares of the company's stock, valued at approximately $2,201,775. The disclosure for this purchase can be found here. Accordingly, the information will not be incorporated by reference into any document filed by the Company under the Securities Act of 1933, as amended, except as set forth by specific reference in such filing. Federated Investors Inc. PA increased its position in Chesapeake Energy Corporation by 0.3% in the fourth quarter.
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