Media headlines about Chesapeake Energy (NYSE:CHK) have trended somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Chesapeake Energy earned a coverage optimism score of 1.43 on their scale. InfoTrie also gave press coverage about the oil and gas exploration company an news buzz score of 7 out of 10, indicating that recent press coverage is likely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Chesapeake Energy’s score:
- Are Options Traders Betting on a Big Move in Chesapeake (CHK) Stock? (zacks.com)
- What Boosted Natural Gas–Weighted Stocks’ Returns? (finance.yahoo.com)
- Grab This Cheap Energy Stock Even Lower Than EVP-Gen’l Counsel Webb Did (nasdaq.com)
- Natural Gas Is near a Ninth-Month High (finance.yahoo.com)
- Chesapeake Energy Corporation's M&A Stunner Caused Investors to Overlook These Positives (finance.yahoo.com)
Several research analysts have commented on the stock. Susquehanna Bancshares raised shares of Chesapeake Energy from a “neutral” rating to a “positive” rating and set a $5.00 price objective for the company in a report on Wednesday, October 31st. Credit Suisse Group set a $3.00 price objective on shares of Chesapeake Energy and gave the company a “sell” rating in a report on Wednesday, October 31st. Citigroup increased their price objective on shares of Chesapeake Energy from $2.50 to $3.50 and gave the company a “sell” rating in a report on Monday, July 30th. Raymond James raised shares of Chesapeake Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research raised shares of Chesapeake Energy from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Thursday, October 25th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Chesapeake Energy currently has an average rating of “Hold” and an average price target of $4.91.
Shares of NYSE:CHK opened at $3.63 on Friday. Chesapeake Energy has a 12 month low of $2.53 and a 12 month high of $5.60. The stock has a market capitalization of $3.34 billion, a P/E ratio of 4.43, a price-to-earnings-growth ratio of 0.47 and a beta of 1.93.
Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. Chesapeake Energy had a net margin of 6.91% and a negative return on equity of 54.07%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, research analysts expect that Chesapeake Energy will post 0.86 earnings per share for the current year.
In other Chesapeake Energy news, EVP James R. Webb purchased 50,000 shares of the stock in a transaction that occurred on Thursday, November 1st. The stock was purchased at an average price of $3.54 per share, with a total value of $177,000.00. Following the acquisition, the executive vice president now owns 871,548 shares in the company, valued at $3,085,279.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.
Chesapeake Energy Company Profile
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company 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.
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