Klcm Advisors Lowers stake in Chesapeake Energy Corporation (CHK)

Chesapeake Energy Corporation (CHK) : Klcm Advisors reduced its stake in Chesapeake Energy Corporation by 2.09% during the most recent quarter end. The investment management company now holds a total of 470,550 shares of Chesapeake Energy Corporation which is valued at $2,366,867 after selling 10,050 shares in Chesapeake Energy Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Chesapeake Energy Corporation makes up approximately 0.77% of Klcm Advisors’s portfolio.

Other Hedge Funds, Including , 10-15 Associates boosted its stake in CHK in the latest quarter, The investment management firm added 6,768 additional shares and now holds a total of 39,760 shares of Chesapeake Energy Corporation which is valued at $194,426. Chesapeake Energy Corporation makes up approx 0.05% of 10-15 Associates’s portfolio. Sanders Morris Harris sold out all of its stake in CHK during the most recent quarter. The investment firm sold 45,210 shares of CHK which is valued $234,640.Winslow Evans Crocker reduced its stake in CHK by selling 140 shares or 8.75% in the most recent quarter. The Hedge Fund company now holds 1,460 shares of CHK which is valued at $7,869.

Chesapeake Energy Corporation opened for trading at $5.15 and hit $5.53 on the upside on Monday, eventually ending the session at $5.5, with a gain of 9.56% or 0.48 points. The heightened volatility saw the trading volume jump to 7,53,69,493 shares. Company has a market cap of $4,273 M.

On the company’s financial health, Chesapeake Energy Corporation reported $-0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.10. The company had revenue of $1622.00 million for the quarter, compared to analysts expectations of $970.48 million. The company’s revenue was down -53.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.11 EPS.

Many Wall Street Analysts have commented on Chesapeake Energy Corporation. Chesapeake Energy Corporation was Upgraded by Johnson Rice to ” Accumulate” on Jul 27, 2016. Chesapeake Energy Corporation was Upgraded by Tudor Pickering to ” Buy” on Jul 21, 2016. Chesapeake Energy Corporation was Upgraded by Piper Jaffray to ” Neutral” on Jul 12, 2016.

Chesapeake Energy Corporation is a producer of natural gas oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production and Marketing Gathering and Compression. The exploration and production segment is responsible for finding and producing oil natural gas and NGL. The marketing gathering and compression operating segment is responsible for marketing gathering and compression of oil natural gas and NGL. The Company owns interests in approximately 45100 oil and natural gas wells that produced an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company also own oil and natural gas marketing and natural gas gathering and compression businesses. As of December 31 2014 the Company held an interest in approximately 45100 gross productive wells including 33600 properties in which it held a working interest and 11500 properties in which it held an overriding royalty interest.

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