Stifel Nicolaus Initiates Coverage On Chesapeake Energy Corporation to Buy

Stifel Nicolaus Initiates Coverage On Chesapeake Energy Corporation(CHK). The shares have been rated Buy. The rating by the stock financial advisor at Stifel Nicolaus was issued on Mar 23, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 24, 2017, UBS said it Upgrades its rating on Chesapeake Energy Corporation. The shares have been rated ‘Neutral’ by the firm.

Chesapeake Energy Corporation (CHK) made into the market gainers list on Fridays trading session with the shares advancing 2.55% or 0.13 points. Due to strong positive momentum, the stock ended at $5.22, which is also near the day’s high of $5.3. The stock began the session at $5.17 and the volume stood at 3,08,47,098 shares. The 52-week high of the shares is $8.2 and the 52 week low is $3.53. The company has a current market capitalization of $4,734 M and it has 90,68,30,910 shares in outstanding.

Chesapeake Energy Corporation(CHK) last announced its earnings results on Feb 23, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $2.021B. Analysts had an estimated revenue of $2.090B. Earnings per share were $0.07. Analysts had estimated an EPS of $0.08.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2017, Archie W Dunham (director) purchased 500,000 shares at $5.24 per share price.Also, On Mar 7, 2017, Thomas L Ryan (director) purchased 50,000 shares at $5.39 per share price.On Nov 18, 2015, Robert D. Lawler (CEO) purchased 50,000 shares at $5.88 per share price, according to the Form-4 filing with the securities and exchange commission.

Chesapeake Energy Corporation is a producer of natural gas oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production and Marketing Gathering and Compression. The exploration and production segment is responsible for finding and producing oil natural gas and NGL. The marketing gathering and compression operating segment is responsible for marketing gathering and compression of oil natural gas and NGL. The Company owns interests in approximately 45100 oil and natural gas wells that produced an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company also own oil and natural gas marketing and natural gas gathering and compression businesses. As of December 31 2014 the Company held an interest in approximately 45100 gross productive wells including 33600 properties in which it held a working interest and 11500 properties in which it held an overriding royalty interest.

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