Chesapeake Energy Co. (NASDAQ:CHK) Stock Holdings Lowered by Signaturefd LLC

Signaturefd LLC lowered its position in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 11.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,245 shares of the company’s stock after selling 167 shares during the period. Signaturefd LLC’s holdings in Chesapeake Energy were worth $102,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Chesapeake Energy in the 1st quarter valued at about $37,000. BOKF NA bought a new position in Chesapeake Energy in the 1st quarter valued at about $45,000. GAMMA Investing LLC grew its position in Chesapeake Energy by 75.6% in the 2nd quarter. GAMMA Investing LLC now owns 569 shares of the company’s stock valued at $47,000 after buying an additional 245 shares in the last quarter. Blue Trust Inc. grew its position in Chesapeake Energy by 895.6% in the 2nd quarter. Blue Trust Inc. now owns 677 shares of the company’s stock valued at $60,000 after buying an additional 609 shares in the last quarter. Finally, Mather Group LLC. grew its position in Chesapeake Energy by 1,384.8% in the 2nd quarter. Mather Group LLC. now owns 683 shares of the company’s stock valued at $61,000 after buying an additional 637 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Price Performance

CHK stock opened at $81.46 on Tuesday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.19. Chesapeake Energy Co. has a one year low of $69.12 and a one year high of $93.58. The firm has a market capitalization of $10.68 billion, a PE ratio of 10.98 and a beta of 0.47. The firm has a 50-day moving average of $76.83 and a two-hundred day moving average of $81.89.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $505.00 million during the quarter, compared to analysts’ expectations of $822.54 million. Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. Chesapeake Energy’s revenue for the quarter was down 73.3% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. On average, analysts forecast that Chesapeake Energy Co. will post 1.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CHK shares. Roth Mkm started coverage on shares of Chesapeake Energy in a research report on Friday, September 27th. They issued a “buy” rating and a $92.00 target price for the company. Wells Fargo & Company upped their price target on shares of Chesapeake Energy from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Mizuho cut their price target on shares of Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Wolfe Research started coverage on shares of Chesapeake Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $110.00 price target for the company. Finally, Scotiabank cut their price target on shares of Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating for the company in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.92.

Chesapeake Energy Profile

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.