BlueCrest Capital Management Ltd Buys 450,336 Shares of Chesapeake Energy Corporation (CHK)

BlueCrest Capital Management Ltd boosted its stake in shares of Chesapeake Energy Corporation (NYSE:CHK) by 341.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 582,336 shares of the oil and gas exploration company’s stock after buying an additional 450,336 shares during the period. BlueCrest Capital Management Ltd owned approximately 0.07% of Chesapeake Energy Corporation worth $2,894,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in Chesapeake Energy Corporation by 1.0% during the 1st quarter. Amalgamated Bank now owns 94,374 shares of the oil and gas exploration company’s stock valued at $561,000 after buying an additional 958 shares during the period. State Street Corp raised its holdings in Chesapeake Energy Corporation by 6.0% during the 1st quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock valued at $260,083,000 after buying an additional 2,476,711 shares during the period. US Bancorp DE raised its holdings in Chesapeake Energy Corporation by 26.3% during the 1st quarter. US Bancorp DE now owns 37,164 shares of the oil and gas exploration company’s stock valued at $221,000 after buying an additional 7,733 shares during the period. Westwood Holdings Group Inc. raised its holdings in Chesapeake Energy Corporation by 13.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 4,379,718 shares of the oil and gas exploration company’s stock valued at $26,015,000 after buying an additional 504,570 shares during the period. Finally, Chicago Equity Partners LLC purchased a new stake in Chesapeake Energy Corporation during the 2nd quarter valued at $1,524,000. Institutional investors own 64.56% of the company’s stock.

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In other news, Director R Brad Martin bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $4.11 per share, with a total value of $102,750.00. Following the transaction, the director now directly owns 547,358 shares in the company, valued at $2,249,641.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.14% of the stock is owned by corporate insiders.

CHK has been the topic of several recent research reports. Scotiabank set a $5.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. Vetr upgraded Chesapeake Energy Corporation from a “buy” rating to a “strong-buy” rating and set a $5.23 price target on the stock in a report on Monday, July 24th. Piper Jaffray Companies set a $6.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Thursday, August 24th. BidaskClub lowered Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, ValuEngine lowered Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Chesapeake Energy Corporation currently has an average rating of “Hold” and a consensus price target of $6.05.

Chesapeake Energy Corporation (NYSE CHK) traded down 0.119% during trading on Tuesday, hitting $4.185. The stock had a trading volume of 3,064,479 shares. The company’s market cap is $3.73 billion. The firm has a 50 day moving average of $4.00 and a 200-day moving average of $4.84. Chesapeake Energy Corporation has a one year low of $3.55 and a one year high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last announced its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) EPS. Equities analysts antic

Other large investors also recently added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in Chesapeake Energy Corporation by 1.0% during the 1st quarter. Amalgamated Bank now owns 94,374 shares of the oil and gas exploration company’s stock valued at $561,000 after buying an additional 958 shares during the period. State Street Corp raised its holdings in Chesapeake Energy Corporation by 6.0% during the 1st quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock valued at $260,083,000 after buying an additional 2,476,711 shares during the period. US Bancorp DE raised its holdings in Chesapeake Energy Corporation by 26.3% during the 1st quarter. US Bancorp DE now owns 37,164 shares of the oil and gas exploration company’s stock valued at $221,000 after buying an additional 7,733 shares during the period. Westwood Holdings Group Inc. raised its holdings in Chesapeake Energy Corporation by 13.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 4,379,718 shares of the oil and gas exploration company’s stock valued at $26,015,000 after buying an additional 504,570 shares during the period. Finally, Chicago Equity Partners LLC purchased a new stake in Chesapeake Energy Corporation during the 2nd quarter valued at $1,524,000. Institutional investors own 64.56% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/10/bluecrest-capital-management-ltd-buys-450336-shares-of-chesapeake-energy-corporation-chk.html.

In other news, Director R Brad Martin bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $4.11 per share, with a total value of $102,750.00. Following the transaction, the director now directly owns 547,358 shares in the company, valued at $2,249,641.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.14% of the stock is owned by corporate insiders.

CHK has been the topic of several recent research reports. Scotiabank set a $5.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. Vetr upgraded Chesapeake Energy Corporation from a “buy” rating to a “strong-buy” rating and set a $5.23 price target on the stock in a report on Monday, July 24th. Piper Jaffray Companies set a $6.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Thursday, August 24th. BidaskClub lowered Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, ValuEngine lowered Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Chesapeake Energy Corporation currently has an average rating of “Hold” and a consensus price target of $6.05.

Chesapeake Energy Corporation (NYSE CHK) traded down 0.119% during trading on Tuesday, hitting $4.185. The stock had a trading volume of 3,064,479 shares. The company’s market cap is $3.73 billion. The firm has a 50 day moving average of $4.00 and a 200-day moving average of $4.84. Chesapeake Energy Corporation has a one year low of $3.55 and a one year high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last announced its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) EPS. Equities analysts anticipate that Chesapeake Energy Corporation will post $0.73 earnings per share for the current fiscal year.

Chesapeake Energy Corporation Company Profile

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

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Institutional Ownership by Quarter for Chesapeake Energy Corporation (NYSE:CHK)

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