Old West Investment Management LLC boosted its position in shares of Chesapeake Energy Corporation (NYSE:CHK) by 96.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,157,554 shares of the oil and gas exploration company’s stock after buying an additional 1,058,477 shares during the quarter. Chesapeake Energy makes up 4.9% of Old West Investment Management LLC’s holdings, making the stock its 4th biggest position. Old West Investment Management LLC owned about 0.24% of Chesapeake Energy worth $9,277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Advantage Investment Management LLC grew its position in shares of Chesapeake Energy by 15.3% in the third quarter. Advantage Investment Management LLC now owns 109,613 shares of the oil and gas exploration company’s stock valued at $471,000 after purchasing an additional 14,555 shares during the period. Brave Asset Management Inc. grew its position in shares of Chesapeake Energy by 154.2% in the third quarter. Brave Asset Management Inc. now owns 38,130 shares of the oil and gas exploration company’s stock valued at $164,000 after purchasing an additional 23,130 shares during the period. Private Advisor Group LLC grew its position in shares of Chesapeake Energy by 43.2% in the third quarter. Private Advisor Group LLC now owns 54,790 shares of the oil and gas exploration company’s stock valued at $230,000 after purchasing an additional 16,527 shares during the period. Sheaff Brock Investment Advisors LLC grew its position in shares of Chesapeake Energy by 63.5% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 54,055 shares of the oil and gas exploration company’s stock valued at $232,000 after purchasing an additional 21,000 shares during the period. Finally, Hartford Investment Management Co. grew its position in shares of Chesapeake Energy by 18.0% in the third quarter. Hartford Investment Management Co. now owns 195,661 shares of the oil and gas exploration company’s stock valued at $841,000 after purchasing an additional 29,914 shares during the period. 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 firm 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 52 week low of $3.41 and a 52 week high of $8.20.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm 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% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share. research analysts anticipate that Chesapeake Energy Corporation will post 0.76 EPS for the current year.

CHK has been the topic of several research analyst reports. Piper Jaffray Companies set a $4.00 target price on shares of Chesapeake Energy and gave the company a “hold” rating in a research report on Thursday, October 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $6.00 target price (down previously from $10.00) on shares of Chesapeake Energy in a research report on Friday, August 11th. BidaskClub lowered shares of Chesapeake Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Scotiabank reiterated a “hold” rating and issued a $5.00 target price on shares of Chesapeake Energy in a research report on Friday, November 3rd. Finally, BMO Capital Markets set a $3.00 target price on shares of Chesapeake Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.69.

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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.

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

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