Chesapeake Energy Co. (CHK) Stake Raised by TLP Group LLC

TLP Group LLC increased its holdings in Chesapeake Energy Co. (NYSE:CHK) by 686.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,168 shares of the oil and gas exploration company’s stock after purchasing an additional 129,333 shares during the period. TLP Group LLC’s holdings in Chesapeake Energy were worth $447,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Verition Fund Management LLC purchased a new stake in shares of Chesapeake Energy in the first quarter valued at $172,000. Sciencast Management LP purchased a new stake in Chesapeake Energy during the first quarter valued at about $141,000. Cubist Systematic Strategies LLC grew its position in Chesapeake Energy by 1,772.8% during the first quarter. Cubist Systematic Strategies LLC now owns 342,094 shares of the oil and gas exploration company’s stock valued at $1,033,000 after acquiring an additional 323,828 shares during the period. All Terrain Financial Advisors LLC grew its position in Chesapeake Energy by 66.3% during the first quarter. All Terrain Financial Advisors LLC now owns 71,500 shares of the oil and gas exploration company’s stock valued at $216,000 after acquiring an additional 28,500 shares during the period. Finally, Element Capital Management LLC purchased a new stake in Chesapeake Energy during the first quarter valued at about $724,000. 58.17% of the stock is owned by institutional investors and hedge funds.

Shares of Chesapeake Energy traded up $0.04, reaching $4.80, during midday trading on Thursday, according to Marketbeat Ratings. 175,838 shares of the company were exchanged, compared to its average volume of 38,926,289. The stock has a market cap of $4.49 billion, a PE ratio of 5.84 and a beta of 1.90. Chesapeake Energy Co. has a 1-year low of $2.53 and a 1-year high of $5.20. The company has a debt-to-equity ratio of -5.27, a current ratio of 0.52 and a quick ratio of 0.52.

Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Wednesday, May 2nd. The oil and gas exploration company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.09. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Chesapeake Energy had a negative return on equity of 43.41% and a net margin of 11.67%. The firm’s quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. research analysts anticipate that Chesapeake Energy Co. will post 0.79 earnings per share for the current year.

A number of equities research analysts have issued reports on the company. Piper Jaffray Companies reissued a “hold” rating and set a $3.00 price target on shares of Chesapeake Energy in a research report on Thursday, March 15th. Stephens reissued a “hold” rating and set a $5.00 price target on shares of Chesapeake Energy in a research report on Thursday, March 15th. Citigroup downgraded Chesapeake Energy from a “neutral” rating to a “sell” rating and boosted their price target for the company from $3.11 to $5.00 in a research report on Tuesday, April 17th. Sanford C. Bernstein downgraded Chesapeake Energy from a “market perform” rating to an “underperform” rating in a research report on Monday, March 26th. Finally, Zacks Investment Research raised Chesapeake Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Ten analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $4.41.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

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

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