Sheaff Brock Investment Advisors LLC Acquires 21,000 Shares of Chesapeake Energy Corporation (CHK)

Sheaff Brock Investment Advisors LLC grew its holdings in shares of Chesapeake Energy Corporation (NYSE:CHK) by 63.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,055 shares of the oil and gas exploration company’s stock after buying an additional 21,000 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Chesapeake Energy were worth $232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Archford Capital Strategies LLC purchased a new stake in shares of Chesapeake Energy during the 2nd quarter valued at about $984,000. Advisory Services Network LLC raised its position in shares of Chesapeake Energy by 42.6% during the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock valued at $116,000 after buying an additional 7,000 shares in the last quarter. UBS Oconnor LLC bought a new position in Chesapeake Energy during the 2nd quarter valued at about $122,000. Gotham Asset Management LLC bought a new position in Chesapeake Energy during the 2nd quarter valued at about $126,000. Finally, HRT Financial LLC bought a new position in Chesapeake Energy during the 2nd quarter valued at about $131,000. Hedge funds and other institutional investors own 64.03% of the company’s stock.

Chesapeake Energy Corporation (NYSE CHK) opened at $3.77 on Thursday. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $3,562.05, a PE ratio of 6.53 and a beta of 2.13. Chesapeake Energy Corporation has a one year low of $3.41 and a one year high of $8.20.

Chesapeake Energy (NYSE:CHK) last issued its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $979.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Chesapeake Energy had a net margin of 2.77% and a negative return on equity of 19.93%. The company’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. sell-side analysts anticipate that Chesapeake Energy Corporation will post 0.76 earnings per share for the current fiscal year.

Several equities analysts recently commented on CHK shares. Piper Jaffray Companies set a $4.00 price target on shares of Chesapeake Energy and gave the company a “hold” rating in a report on Thursday, October 19th. Jefferies Group downgraded shares of Chesapeake Energy from a “hold” rating to an “underperform” rating and cut their price target for the company from $4.00 to $2.00 in a report on Monday, October 9th. Tudor Pickering downgraded shares of Chesapeake Energy from a “buy” rating to a “hold” rating and upped their price target for the company from $3.76 to $4.00 in a report on Tuesday, September 5th. Barclays upped their price target on shares of Chesapeake Energy from $2.00 to $3.00 and gave the company an “underweight” rating in a report on Wednesday, October 11th. Finally, ValuEngine downgraded shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.69.

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Chesapeake Energy Company Profile

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.

Institutional Ownership by Quarter for Chesapeake Energy (NYSE:CHK)

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