Chesapeake Utilities Corporation (NYSE:CPK) Broker Price Targets For The Coming Week

Paterniano Del Favero
Marzo 30, 2017

The stock was rated "Hold" by 4 analysts in current phase, 2 analysts rated at "Overweight". Finally, Dreman Value Management L L C raised its stake in Chesapeake Energy by 591.0% in the third quarter. They issued a "buy" rating and a $10.00 price objective on the stock. Current stock price is in the upbeat territory taking into account of 20 days moving average with -0.70% and continued bullish run for 50 days moving average with 2.72%. They now have a $6.00 price target on the oil and gas exploration company's stock. Therefore, if Chesapeake Energy Corporation meet or beat analysts' forecasts of earnings, its earnings per share would see a decrease of about -280%. The firm's market cap is $4.78 billion. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.

According to the most recent brokerage reports which have been released state that 1 brokers have issued a rating of "buy", 1 brokers "outperform", 4 brokers "hold", 0 brokers "underperform" and 0 brokers "sell". Finally, Royal Bank of Canada reissued a hold rating and set a $7.00 price objective on shares of Chesapeake Energy in a report on Friday, February 24th. The firm earned $2.02 billion during the quarter, compared to analyst estimates of $2.09 billion.

For instance, Chesapeake Energy recently set a double bottom in the $5 region, as support in the area grows increasingly firm. The current share price indicate that stock is -37.07% away from its one year high and is moving 46.18% ahead of its 52-week low.

While looking at the Stock's Performance, Chesapeake Energy Corporation now shows a Weekly Performance of 6.31%, where Monthly Performance is -4.09%, Quarterly performance is -27.55%, 6 Months performance is -18.58% and yearly performance percentage is 33.42%. For the Current Quarter, 27 analysts are projecting the mean EPS to be $0.46/share. Given that liquidity is king in short-term, CHK is a stock with 884.25 million shares outstanding that normally trades 15.23% of its float. Tracking most recent quarter period, Price to cash per share ration is at 5.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. "(CHK) Shares Down 6.1% Following Analyst Downgrade" was posted by Community Financial News and is the property of of Community Financial News. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Hedge funds and other institutional investors own 66.74% of the company's stock. If you are accessing this news story on another domain, it was copied illegally and republished in violation of USA and global copyright & trademark legislation. The Company operates through two segments: Regulated Energy and Unregulated Energy. Chesapeake Energy Corporation P/E (price to earnings) ratio is 0 and Forward P/E ratio of 4.67. The marketing, gathering and compression segment is responsible for marketing, gathering and compression of oil, natural gas and NGL.

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