Renaissance Technologies LLC Buys 11450 Shares of Chesapeake Utilities Corporation (CPK)

Paterniano Del Favero
Agosto 7, 2017

On November 29, 2016 Wells Fargo began coverage of the stock giving it an initial rating of "Market Perform".

Several other brokerages have also issued reports on CPK.

Previously on 7/5/2017, Vetr Inc. reported about Chesapeake Energy Corporation (NYSE:CHK) bumped up the target price from $0.00 to $4.80. Royal Bank Of Canada restated a "hold" rating and issued a $7.00 price target on shares of Chesapeake Energy Corporation in a research report on Tuesday, April 25th. Zacks Investment Research upgraded shares of Chesapeake Utilities Corporation from a "hold" rating to a "buy" rating and set a $82.00 target price for the company in a report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Chesapeake Energy Corporation now has a consensus rating of Hold and an average price target of $6.74.

Chesapeake Energy Corporation (NYSE:CHK) opened at 4.72 on Monday. Shares saw a steep decrease in trading volume of 56.58% under the normal average daily volume. The value of the company's investment in Chesapeake Energy Corporation decreased from $141,000 to $118,000 a change of 16.3% for the reporting period. The company has a 50 day moving average of $4.84 and a 200 day moving average of $5.50. The company's market capitalization is $4.04 billion.

Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings data on Thursday, May 4th. The firm now has a hold rating on the oil and gas exploration company's stock.

Also covering Chesapeake Energy Corporation's price target, a total of 25 analysts have released a report on Chesapeake Energy Corporation. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned ($0.10) EPS. Chesapeake Utilities Corporatio declared a dividend which was paid on Wednesday the 5th of July 2017. Equities analysts expect that Chesapeake Energy Corporation will post $0.78 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and global trademark and copyright legislation. The legal version of this story can be accessed at https://sportsperspectives.com/2017/08/06/q2-2017-eps-estimates-for-chesapeake-energy-corporation-lowered-by-seaport-global-securities-chk-updated-updated-updated.html. The stock was bought at an average cost of $5.26 per share, for a total transaction of $105,200.00. Institutional investors own 64.81% of the company's stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Director R. Brad Martin bought 20,400 shares at an average price of $4.55 on Friday the 23rd. Following the completion of the purchase, the director now owns 440,355 shares in the company, valued at $2,201,775. Following the completion of the acquisition, the director now directly owns 501,958 shares of the company's stock, valued at approximately $2,640,299.08. Company insiders own 5.36% of the company's stock.

Several hedge funds and other institutional investors have recently modified their holdings of CHK. Comerica Bank raised its stake in shares of Chesapeake Energy Corporation by 16.3% in the fourth quarter. Numeric Investors LLC now owns 179,200 shares of the oil and gas exploration company's stock valued at $1,258,000 after buying an additional 168,800 shares during the last quarter. Finally, Tiedemann Wealth Management LLC purchased a new stake in shares of Chesapeake Utilities Corporation during the first quarter worth approximately $2,021,000. Amalgamated Bank now owns 94,374 shares of the oil and gas exploration company's stock worth $561,000 after buying an additional 958 shares during the period. Russell Investments Group Ltd. now owns 65,972 shares of the utilities provider's stock valued at $4,943,000 after buying an additional 9,327 shares during the last quarter. Greenwich Wealth Management LLC boosted its position in shares of Chesapeake Energy Corporation by 3.5% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company's stock valued at $111,000 after buying an additional 508 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Chesapeake Utilities Corporation during the first quarter worth about $320,000. Aperio Group LLC now owns 11,135 shares of the utilities provider's stock valued at $835,000 after buying an additional 2,727 shares during the last quarter. 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.

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