Chesapeake Energy Co. (CHK) Short Interest Update
Chesapeake Energy Co. (NYSE:CHK) saw a large decline in short interest during the month of December. As of December 29th, there was short interest totalling 158,184,464 shares, a decline of 4.7% from the December 15th total of 165,924,000 shares. Approximately 17.7% of the company’s stock are sold short. Based on an average trading volume of 23,424,915 shares, the short-interest ratio is currently 6.8 days.
Shares of Chesapeake Energy (NYSE:CHK) opened at $4.28 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17. The company has a market capitalization of $3,890.00, a price-to-earnings ratio of -7.38 and a beta of 2.16. Chesapeake Energy has a 12 month low of $3.41 and a 12 month high of $7.29.
Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $979.00 million during the quarter, compared to analyst estimates of $1.05 billion. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. Chesapeake Energy’s revenue was down 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. research analysts anticipate that Chesapeake Energy will post 0.76 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on CHK shares. Piper Jaffray Companies set a $4.00 price objective on shares of Chesapeake Energy and gave the stock a “hold” rating in a report on Thursday, October 19th. Jefferies Group lowered shares of Chesapeake Energy from a “hold” rating to an “underperform” rating and decreased their target price for the company from $4.00 to $2.00 in a research note on Monday, October 9th. Credit Suisse Group began coverage on shares of Chesapeake Energy in a research note on Monday, December 11th. They set an “underperform” rating and a $3.00 target price for the company. Barclays boosted their target price on shares of Chesapeake Energy from $2.00 to $3.00 and gave the company an “underweight” rating in a research note on Wednesday, October 11th. Finally, Scotiabank set a $4.00 target price on shares of Chesapeake Energy and gave the company a “hold” rating in a research note on Wednesday, November 22nd. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Chesapeake Energy has a consensus rating of “Hold” and a consensus price target of $5.15.
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About Chesapeake Energy
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
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