Analysts still held hope that the Fed would announce a rate hike by the year based on September Department of Labor statistics which showed the United States unemployment at 5.1 per cent, its lowest level since 2008.
With its benchmark stock exchanges falling to record lows in previous weeks – they have risen slightly, however, in roller coaster fashion – global traders now not only fear that China’s economy is still growing at its slowest pace in 25 years with little sign of an immediate turnaround even after months of monetary easing, but that it’s projected 7 per cent 2015 GDP growth could actually be revised down. The brokerage firm analysts covering Chesapeake Energy Corporation (NYSE:CHK) have given a rating of 3.1. Credit Suisse cut shares of Chesapeake Energy from an “outperform” rating to a “neutral” rating and set a $13.00 price target on the stock.in a research note on Wednesday, July 22nd. Finally, Evercore Partners Inc. assumed coverage on EP Energy Corp in a research note on Tuesday, June 2nd.
Spectra Energy Corp (NYSE:SE): According to 9 Analysts, The short term target price has been estimated at $ 35.22.The target price could deviate by a maximum of $3.63 from the forecast price. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company’s stock.
When comparing a company’s present-day price volume to its book volume, the Price-to-Book Ratio (P/B Ratio) is low for Ford Motor Company (NYSE:F) and Chesapeake Energy Corporation (NYSE:CHK). The stock had a trading volume of 4,332,865 shares. Its market capitalization is $15.97 billion. Of all equities tracked, Chesapeake Energy had the 9th highest net in-flow for the day. The oil and gas exploration company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11).
Shares of Sanchez Energy Corporation (NYSE:SN) ended Monday session in red amid volatile trading. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.76 billion.
The company shares have dropped -33.34% from its 1 Year high price. Equities analysts forecast that Chesapeake Energy will post ($0.29) EPS for the current fiscal year.
In other Chesapeake Energy news, Director Thomas L. Ryan purchased 12,000 shares of the firm’s stock in a transaction on Friday, August 14th. The total uptick value was $6.27 million while the total downtick value was $7.89 million. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Brad Martin acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. Barclays decreased price target from $49 to $44. The disclosure for this purchase can be found here.
Resolute Energy Corporation is an independent oil and gas company engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The Company operates in four segments: U.S. Transmission, Distribution, Western Canada Transmission & Processing, and Field Services. The production and exploration segment is responsible for finding and producing oil, natural gas and NGL.