Wealthfront Inc. Decreases Holdings in Chesapeake Energy Co. (CHK)

Chesapeake Energy

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Wealthfront Inc.'s holdings in Chesapeake Energy were worth $833,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CHK. Finally, Toronto Dominion Bank raised its holdings in Chesapeake Energy by 10.3% in the fourth quarter. All Terrain Financial Advisors LLC purchased a new position in shares of Chesapeake Energy during the fourth quarter worth $170,000. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: Seekingalpha.com and their article: "Chesapeake Energy Bids Adieu To Miss Lime" published on February 12, 2018 as well as Seekingalpha.com's news article titled: "Chesapeake Energy: The Bad News Beneath The Headlines" with publication date: February 08, 2018.

Chesapeake Energy (NYSE:CHK) reported net income for the fourth quarter of $ 309.00 million or $ 0.33 per share, compared to loss $ 704 million or $ 0.83 per share for the year-ago quarter. Oarsman Capital Inc. now owns 188,100 shares of the oil and gas exploration company's stock valued at $745,000 after buying an additional 24,000 shares during the period. Jpmorgan Chase Co stated it has 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK).

The largest exchange-traded fund to track the energy sector rallied on Thursday, advancing alongside a gain in the price of crude oil, as well as positive corporate results.

Chesapeake Energy Corp. shares jumped the most in nearly two years, putting it on top of the S&P 500, after the shale explorer pledged to continue its push to cut spending and sell more assets in the year ahead. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of -4.17. The company has market cap of $2.48 billion. Chesapeake Energy Corporation (NYSE:CHK) has risen 49.74% since February 22, 2017 and is uptrending.

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In terms of earnings per share, 25 analysts have a 0.27 EPS mean target for the quarter ending Mar-18, for the quarter ending Jun-18, 25 analysts have a 0.18 EPS mean target and for the quarter ending Jun-18 there are 29 estimates of 0.83 EPS.

The company's total capital investments were approximately $2.458 billion during the 2017 full year, compared to approximately $1.697 billion in the 2016 full year.

CHK has been the topic of several research reports. They issued an "underperform" rating and a $3.00 target price for the company. Finally, Credit Suisse Group assumed coverage on Chesapeake Energy in a research report on Monday, December 11th. Old West Investment Management Llc who had been investing in Chesapeake Energy Corp for a number of months, seems to be bullish on the $2.48B market cap company. As per Tuesday, October 10, the company rating was maintained by BMO Capital Markets.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $4.42 on Chesapeake Energy Corp (NYSE:CHK). Four analysts surveyed by Zacks expected $1.23 billion. Barclays Capital has "Underweight" rating and $3 target.

COPYRIGHT VIOLATION NOTICE: "Wealthfront Inc". New York-based Laurion Capital Management Ltd Partnership has invested 0% in Chesapeake Energy Corporation (NYSE:CHK). "(CHK)" was first published by Equities Focus and is the property of of Equities Focus. The original version of this story can be accessed at https://www.thelincolnianonline.com/2018/02/22/chesapeake-energy-chk-posts-earnings-results.html. Mariner Wealth Advsr Limited Liability has invested 0.01% in Chesapeake Energy Corporation (NYSE:CHK). It operates in two divisions, Exploration and Production; and Marketing, Gathering, and Compression. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

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