Chesapeake Energy Corporation : Here’s Why The Stock Is Falling Today

The company has a market cap of $14,260 million and the number of outstanding shares has been calculated to be 422,026,000 shares. Analysts at GMP Securities upgraded shares of Devon Energy Corp from a hold rating to a buy rating and set a $82.00 price target on the stock in a research note on Thursday, June 11th.


EP Energy Corporation (NYSE:EPE) has been handed a rating of 2.46 on a consensus basis by Zacks Research. Devon Energy Corp now has an average rating of Buy and an average price target of $75.12.

Chesapeake Energy Corporation (NYSE:CHK) cash balance should receive a boost with the sale of the assets expected to generate up to $840 million in cash flow.

Company shares have received an average consensus rating of Hold for the current week The company has received recommendation from many analysts.

Chesapeake Energy Corp. had its best day in six months Tuesday as its shares surged 10% to lead the S&P 500. 17,587,663 shares of the company’s stock traded hands. This is an important indicator as a higher ratio typically suggests that investors are expecting higher future earnings growth compared to companies in the same industry with lower price to earnings ratios. The stock’s 50-day moving average is $62.16 and its 200-day moving average is $62.53. The company had acquired Aurora Oil & Gas Limited in a $2.8 billion deal that launched Baytex into the big leagues in the much-coveted Eagle Ford shale play.

Sanchez Energy Corp (NYSE:SN) last issued its quarterly earnings data on Wednesday, May 6th. During the same quarter past year, the company posted $1.34 earnings per share. $0.1 was the standard deviation of estimates before the posted results. Chesapeake Energy’s revenue was down 45.3% compared to the same quarter a year ago.

Across the Street, the stock receives coverage from 35 research analysts.


Separately, TheStreet Ratings team rates CHESAPEAKE ENERGY CORP as a Sell with a ratings score of D. Finally, analysts at Capital One Financial Corp. downgraded shares of Sanchez Energy Corp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 18th. The Oil & Gas E&P company is now valued at $2.84 billion and its share price closed the last trading session at $13.79. It is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company also owns substantial marketing and compression businesses. The Company operates through three segments: US, Canada and EnLink.

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