Energy ETF rallies on crude-oil spike, Chesapeake results


(NYSE:CHK) by 191.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.

Shares of Chesapeake Energy popped on Thursday after the shale gas pioneer reported quarterly profits and revenues that topped Wall Street's expectations. The stock grabbed 66 new institutional investments totaling 11,099,030 shares while 54 institutional investors sold out their entire positions totaling 16,171,017 shares. The fund owned 10,735,800 shares of the oil and gas exploration company's stock after selling 307,900 shares during the period. Financial Partners Group Inc bought a new stake in Chesapeake Energy in the fourth quarter valued at $114,000. Swiss National Bank lifted its stake in shares of Chesapeake Energy by 1.9% in the 4th quarter. They expect $0.25 earnings per share, up 257.14% or $0.18 from last year's $0.07 per share. Finally, Brave Asset Management Inc. boosted its stake in Chesapeake Energy by 154.2% in the 3rd quarter. Farmers And Merchants Invs owns 197 shares or 0% of their United States portfolio. Advisory Services Network LLC grew its position in Chesapeake Energy by 42.6% during the 2nd quarter. Moreover, Mai has 0% invested in Chesapeake Energy Corporation (NYSE:CHK) for 12,619 shares. Mai Capital Mgmt owns 12,619 shares or 0% of their U.S. portfolio. Janney Capital upgraded the shares of CPK in report on Monday, August 10 to "Neutral" rating. According to their predictions high & low revenue estimates are 2.51 Billion and 2.17 Billion respectively. JP Morgan initiated Chesapeake Energy Corporation (NYSE:CHK) on Wednesday, December 9 with "Neutral" rating. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CHK is a Strong sell, which implies that CHK is expected to underperform the market based on prior trading patterns. Also, the Hold rating count is 19 as of 02/20/18.

"Fiscal year 2017 was a pivotal year for Chesapeake, as we restored our production and increased net cash provided by operations, increased our oil production, adjusted for asset sales, and significantly improved our cost structure by reducing our combined production, general and administrative and gathering, processing, and transportation expenses by approximately $510 million", he continued. Of the 17 brokerages covering CHK, all but one maintain a "hold" or "sell" rating. Park Natl Corporation Oh has invested 0.01% in Chesapeake Utilities Corporation (NYSE:CPK). (CHK) traded up $0.53 during trading on Thursday, hitting $3.16. Trading volume for Chesapeake Energy Corporation was 36.01 Million in its previous trading session. Its minimum price target estimates has been figured out at $1.5 while the maximum price target forecast is established at $8. The stock of Chesapeake Energy Corporation (NYSE:CHK) has "Hold" rating given on Tuesday, November 14 by BMO Capital Markets. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17.

At the same time, Chesapeake Energy recorded twelve months adjusted earnings of $ 742.00 million or $ 0.82 per share. After having $0.12 EPS previously, Chesapeake Energy Corporation's analysts see 108.33% EPS growth. Vanguard stated it has 0% in Chesapeake Utilities Corporation (NYSE:CPK).

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Chesapeake also reduced its debt by 32 percent, or $1.3 billion, in 2017, bringing its long-term load to $9.9 billion. Piper Jaffray Companies reiterated a "hold" rating and set a $5.00 price target on shares of Chesapeake Energy in a research report on Tuesday, January 9th.

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Oil, natural gas and natural gas liquids revenue was up 18 percent despite a 14 percent drop in production.