Large Outflow of Money Witnessed in Chesapeake Energy Corporation

Chesapeake Energy Corporation (CHK) traded higher in the last at $6.57, gaining 0.12 points or 1.78%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-2.98) million. The composite uptick value of $2.13 million was eclipsed by the accrued downtick value of $5.11 million, thereby ensuring the up/down ratio of 0.42. For the week, the shares have posted returns of -5.13%.A block trade registered during the day has revealed $0.86 million in upticks and $3.66 million in downticks. The up/down ratio in this case turned out to be 0.24. The net money flow for the block trade was $(-2.8) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Chesapeake Energy Corporation has lost 10.24% in the last five trading days and dropped 8.83% in the last 4 weeks. Chesapeake Energy Corporation is up 16.15% in the last 3-month period. Year-to-Date the stock performance stands at -8.83%. Chesapeake Energy Corporation (NYSE:CHK) witnessed a decline in the market cap on Wednesday as its shares dropped 0.78% or 0.05 points. After the session commenced at $6.51, the stock reached the higher end at $6.59 while it hit a low of $6.31. With the volume soaring to 33,985,935 shares, the last trade was called at $6.4. The company has a 52-week high of $8.2. The company has a market cap of $5,800 million and there are 906,181,190 shares in outstanding. The 52-week low of the share price is $1.5.

Company has reported several Insider transactions to the SEC, on Sep 21, 2016, Archie W Dunham (director) purchased 1,000,000 shares at 6.67 per share price.On Aug 18, 2016, Thomas L Ryan (director) purchased 50,000 shares at 5.59 per share price.On Nov 18, 2015, Robert D. Lawler (CEO) purchased 50,000 shares at 5.88 per share price.

Chesapeake Energy Corporation Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.13. Analyst had a consensus of $-0.04. The company had revenue of $2276.00 million for the quarter, compared to analysts expectations of $1010.90 million. The companys revenue was down -32.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Chesapeake Energy Corporation was Initiated by Mizuho on Dec 20, 2016 to Neutral, Price Target of the shares are set at $8.Chesapeake Energy Corporation was Upgraded by Jefferies to Hold on Nov 10, 2016.

Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake owns interests in producing oil and gas wells concentrated in three primary operating areas: the Mid-Continent region of Oklahoma, western Arkansas, southwestern Kansas and the Texas Panhandle; the Gulf Coast region consisting primarily of the Austin Chalk Trend in Texas and Louisiana and the Tuscaloosa Trend in Louisiana; and the Helmet area of northeastern British Columbia.


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