Barrick Gold (USA) (ABX) Reaches $15.91 After 6.00% Up Move; 7 Analysts Bullish Chesapeake Energy (CHK)

July 5, 2017 - By Kurt Siggers

Among 28 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 7 have Buy rating, 6 Sell and 15 Hold. Therefore 25% are positive. Chesapeake Energy Corporation had 69 analyst reports since July 21, 2015 according to SRatingsIntel. ValuEngine downgraded the stock to “Sell” rating in Monday, May 29 report. The stock has “Buy” rating by SunTrust on Monday, July 27. Bank of America downgraded the stock to “Underperform” rating in Thursday, May 11 report. The rating was initiated by FBR Capital on Tuesday, September 13 with “Underperform”. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Hold” rating given on Thursday, January 28 by Wunderlich. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Buy” rating given on Monday, May 15 by Bank of America. The firm has “Hold” rating by Tudor Pickering given on Tuesday, April 12. The stock has “Sell” rating by UBS on Friday, October 21. Citigroup maintained it with “Neutral” rating and $9 target in Monday, September 14 report. Barclays Capital maintained it with “Underweight” rating and $3 target in Tuesday, August 16 report. See Chesapeake Energy Corporation (NYSE:CHK) latest ratings:

21/06/2017 Broker: Macquarie Research Old Rating: Neutral New Rating: Underperform Downgrade
29/05/2017 Broker: RBC Capital Markets Rating: Hold New Target: $7.0000 Maintain
29/05/2017 Broker: ValuEngine Old Rating: Hold New Rating: Sell Downgrade
15/05/2017 Broker: Bank of America Rating: Buy Maintain
11/05/2017 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Downgrade
26/04/2017 Broker: RBC Capital Markets Rating: Hold New Target: $7.00 Target
30/03/2017 Broker: Wunderlich Rating: Buy New Target: $10.00 Maintain
23/03/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $10.00 Initiate
24/02/2017 Broker: UBS Old Rating: Sell New Rating: Neutral New Target: $6 Upgrade

The stock of Barrick Gold Corp (USA) (NYSE:ABX) is a huge mover today! About 2.11 million shares traded. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since July 5, 2016 and is downtrending. It has underperformed by 24.96% the S&P500.The move comes after 6 months positive chart setup for the $18.04 billion company. It was reported on Jul, 5 by Barchart.com. We have $16.86 PT which if reached, will make NYSE:ABX worth $1.08 billion more.

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids in the United States. The company has market cap of $4.52 billion. It operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression. It currently has negative earnings. Exploration and production is engaged in finding and producing oil, natural gas and NGL.

About 8.02 million shares traded. Chesapeake Energy Corporation (NYSE:CHK) has risen 49.74% since July 5, 2016 and is uptrending. It has outperformed by 33.04% the S&P500.

Since March 3, 2017, it had 4 buys, and 0 sales for $3.37 million activity. $105,260 worth of Chesapeake Energy Corporation (NYSE:CHK) was bought by MARTIN R BRAD on Friday, May 26. 75,000 Chesapeake Energy Corporation (NYSE:CHK) shares with value of $374,775 were bought by RYAN THOMAS L. On Wednesday, March 8 DUNHAM ARCHIE W bought $2.62M worth of Chesapeake Energy Corporation (NYSE:CHK) or 500,000 shares.

Investors sentiment decreased to 1.61 in Q4 2016. Its down 0.15, from 1.76 in 2016Q3. It dropped, as 66 investors sold Chesapeake Energy Corporation shares while 91 reduced holdings. 75 funds opened positions while 177 raised stakes. 589.77 million shares or 4.66% more from 563.50 million shares in 2016Q3 were reported. Mark Asset invested in 727,332 shares. Bancorporation Of New York Mellon owns 6.11M shares. Us Natl Bank De holds 0% or 29,431 shares in its portfolio. Gam Holdings Ag owns 2,131 shares. North Star Asset stated it has 0.51% in Chesapeake Energy Corporation (NYSE:CHK). Old Mutual Customised Solutions (Proprietary) Limited reported 77,200 shares. Sigma Planning accumulated 0.02% or 31,775 shares. State Board Of Administration Of Florida Retirement System accumulated 894,212 shares or 0.02% of the stock. Ngam Limited Partnership has 0% invested in Chesapeake Energy Corporation (NYSE:CHK). Bancshares Of America Corp De invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Parametric Assocs Ltd Liability Co invested 0.06% in Chesapeake Energy Corporation (NYSE:CHK). Global X Limited Company has invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Cg Asset Mngmt Ltd Llc stated it has 153,300 shares. Oakworth Capital Inc owns 100 shares. Alliancebernstein Lp accumulated 0.01% or 1.21M shares.

Analysts await Barrick Gold Corp (USA) (NYSE:ABX) to report earnings on July, 26. They expect $0.24 earnings per share, up 71.43% or $0.10 from last year’s $0.14 per share. ABX’s profit will be $272.13 million for 16.57 P/E if the $0.24 EPS becomes a reality. After $0.14 actual earnings per share reported by Barrick Gold Corp (USA) for the previous quarter, Wall Street now forecasts 71.43% EPS growth.

Barrick Gold Corporation is a gold mining company. The company has market cap of $18.04 billion. The Firm is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It has a 13.09 P/E ratio. The Company’s divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.