Positive News Coverage Somewhat Unlikely to Affect Chesapeake Energy (CHK) Share Price
Headlines about Chesapeake Energy (NYSE:CHK) have been trending positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Chesapeake Energy earned a news impact score of 0.25 on Accern’s scale. Accern also gave press coverage about the oil and gas exploration company an impact score of 47.6590680783396 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- Natural Gas Longs: Here’s Why You Should Watch Oil Rigs (finance.yahoo.com)
- Chesapeake Energy Co. (CHK) Short Interest Update (americanbankingnews.com)
- FY2017 EPS Estimates for Chesapeake Energy Co. (CHK) Increased by SunTrust Banks (americanbankingnews.com)
- Friday Sector Leaders: Services, Energy – Nasdaq (nasdaq.com)
- Chesapeake Energy on the Street: The Analyst Recommendations (finance.yahoo.com)
A number of equities research analysts have weighed in on CHK shares. Piper Jaffray Companies set a $4.00 target price on Chesapeake Energy and gave the stock a “hold” rating in a report on Thursday, October 19th. Jefferies Group downgraded Chesapeake Energy from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $4.00 to $2.00 in a report on Monday, October 9th. Credit Suisse Group started coverage on Chesapeake Energy in a report on Monday, December 11th. They issued an “underperform” rating and a $3.00 target price for the company. Barclays lifted their target price on Chesapeake Energy from $2.00 to $3.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. Finally, Scotiabank set a $4.00 target price on Chesapeake Energy and gave the stock a “hold” rating in a report on Wednesday, November 22nd. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $5.29.
Chesapeake Energy (NYSE:CHK) last released its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The company’s quarterly revenue was down 16.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. sell-side analysts expect that Chesapeake Energy will post 0.76 EPS for the current year.
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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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