Chesapeake Energy (NYSE:CHK) Loses “Neutral” Rating

April 18, 2018 - By Migdalia James

Chesapeake Energy Corporation (NYSE:CHK) Logo

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.21, from 1.25 in 2017Q3. It dived, as 44 investors sold Chesapeake Energy Corporation shares while 110 reduced holdings. 50 funds opened positions while 110 raised stakes. 548.86 million shares or 4.62% less from 575.42 million shares in 2017Q3 were reported.

Two Sigma Limited Liability Company owns 89,770 shares for 0.01% of their portfolio. Cqs Cayman Limited Partnership accumulated 0.08% or 337,000 shares. Geode Mgmt Limited Co reported 10.62 million shares. 1,000 were accumulated by Carroll Financial Inc. Oz Management Ltd Partnership reported 749,200 shares stake. Mutual Of America Cap Management Ltd Liability Corp stated it has 0% in Chesapeake Energy Corporation (NYSE:CHK). Virtu Financial reported 415,733 shares. Nordea Investment Ab holds 7,028 shares. 281,166 are owned by Automobile Association. Pub Employees Retirement Systems Of Ohio has invested 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Jefferies Ltd Limited Liability Company has 0.02% invested in Chesapeake Energy Corporation (NYSE:CHK). Morgan Stanley owns 3.43 million shares. Moreover, Zacks has 0.03% invested in Chesapeake Energy Corporation (NYSE:CHK) for 368,474 shares. Citadel Llc holds 1.63 million shares or 0% of its portfolio. Brandes Investment Lp has invested 0.24% in Chesapeake Energy Corporation (NYSE:CHK).

Chesapeake Energy (NYSE:CHK) Receives a Downgrade

Equity analysts at Citigroup’s equities research division downgraded the rating for shares of Chesapeake Energy (NYSE:CHK) from a “Neutral” to a “Sell” on Tuesday morning.

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.21, from 1.25 in 2017Q3. It dived, as 44 investors sold Chesapeake Energy Corporation shares while 110 reduced holdings. 50 funds opened positions while 110 raised stakes. 548.86 million shares or 4.62% less from 575.42 million shares in 2017Q3 were reported.

Two Sigma Limited Liability Company owns 89,770 shares for 0.01% of their portfolio. Cqs Cayman Limited Partnership accumulated 0.08% or 337,000 shares. Geode Mgmt Limited Co reported 10.62 million shares. 1,000 were accumulated by Carroll Financial Inc. Oz Management Ltd Partnership reported 749,200 shares stake. Mutual Of America Cap Management Ltd Liability Corp stated it has 0% in Chesapeake Energy Corporation (NYSE:CHK). Virtu Financial reported 415,733 shares. Nordea Investment Ab holds 7,028 shares. 281,166 are owned by Automobile Association. Pub Employees Retirement Systems Of Ohio has invested 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Jefferies Ltd Limited Liability Company has 0.02% invested in Chesapeake Energy Corporation (NYSE:CHK). Morgan Stanley owns 3.43 million shares. Moreover, Zacks has 0.03% invested in Chesapeake Energy Corporation (NYSE:CHK) for 368,474 shares. Citadel Llc holds 1.63 million shares or 0% of its portfolio. Brandes Investment Lp has invested 0.24% in Chesapeake Energy Corporation (NYSE:CHK).

Chesapeake Energy Corporation (NYSE:CHK) Ratings Coverage

Among 10 analysts covering Chesapeake Energy (NYSE:CHK), 2 have Buy rating, 4 Sell and 4 Hold. Therefore 20% are positive. Chesapeake Energy has $6.0 highest and $200 lowest target. $3.98’s average target is 30.92% above currents $3.04 stock price. Chesapeake Energy had 14 analyst reports since October 19, 2017 according to SRatingsIntel. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Sell” rating by Bernstein on Monday, March 26. The company was maintained on Tuesday, January 2 by SunTrust. The company was downgraded on Tuesday, April 17 by Citigroup. Piper Jaffray maintained Chesapeake Energy Corporation (NYSE:CHK) rating on Wednesday, March 14. Piper Jaffray has “Hold” rating and $3.0 target. The company was maintained on Monday, March 5 by Susquehanna. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Sell” rating by Credit Suisse on Monday, December 11. The company was maintained on Monday, March 12 by BMO Capital Markets. The stock has “Hold” rating by Piper Jaffray on Thursday, October 19. The rating was maintained by Stephens with “Hold” on Tuesday, March 13. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Underperform” rating given on Tuesday, January 16 by Mizuho.

The stock decreased 2.25% or $0.07 during the last trading session, reaching $3.04. About 28.59 million shares traded. Chesapeake Energy Corporation (NYSE:CHK) has declined 42.83% since April 18, 2017 and is downtrending. It has underperformed by 54.38% the S&P500.

Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on May, 3. They expect $0.27 EPS, up 17.39 % or $0.04 from last year’s $0.23 per share. CHK’s profit will be $242.02 million for 2.81 P/E if the $0.27 EPS becomes a reality. After $0.30 actual EPS reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts -10.00 % negative EPS growth.

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company has market cap of $2.73 billion. It operates in two divisions, Exploration and Production; and Marketing, Gathering, and Compression. It currently has negative earnings. The firm 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.

Chesapeake Energy Corporation (NYSE:CHK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.