Chesapeake Energy Corporation (CHK) and Range Resources Corporation (RRC) Explored Through the Earnings Deep Dive

Looking at top Wall Street opinions, Chesapeake Energy Corporation (NYSE: CHK) has recently made its way into the research list of Raymond James – signaling that their analyst’s rating adjustment is noteworthy. This stock was downgraded to a rating of Mkt Perform in the eyes of Raymond James, whereas its previous rating was Outperform in the eyes of Raymond James, as reported on Thursday, August 8th, 2019. Another heavy-hitting research note was published by Morgan Stanley on Friday June 28th, 2019, with this firm upgrading CHK to an updated rating of Overweight from its previous rating of Equal-Weight. In the past six months and three months of trading, shares of Chesapeake Energy Corporation (CHK) have moved by -39.83% and -43.36%, respectively.

Brokerage Updates Related to Chesapeake Energy Corporation (CHK) Stock

This publicly-traded organization generated gains of 4.32% over the last 5 sessions. Right now, this stock is the subject of 25 analysts’ evaluations, who – on average – have given this company’s shares a Hold rating. Of the latest market expert opinions, 7 have given an underperform rating, 3 has given a sell rating, and 0 have given a rating of Buy or better. Based on the 25 stock market experts following this company, the average 12-month price target is $2.32. Moreover, individual price targets range between $0.50-$5.00. With its recent move to $2.00, we can see that these firms project this stock will loss by -68.88% in one year.

Updates from Chesapeake Energy Corporation (CHK) SEC Form 4

This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.90% rise since the beginning of the calendar year. A EVP-Gen’l Counsel & Corp. Sec. at Chesapeake Energy Corporation (CHK) bought some of its shares in a transaction that was finalized on May 28. Similarly, Lawler Robert D. bought 50,000 shares of the organization’s stock at $2.02 apiece and racked up $100,995 in earnings from the purchase. Now, Lawler Robert D. holds 5,083,298 shares of the company following the exchange. A Exec. Vice President & CFO of the organization named DELL’OSSO DOMENIC J JR, was engaged in a transaction that occurred on May 24 that managed to be worth $100,625 from the purchase of 50,000 common shares at a price of $2.01 per individual share.

Chesapeake Energy Corporation (NYSE:CHK) Results in the Pipeline

The next scheduled release of financial results for Chesapeake Energy Corporation will be for the Mar-19 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.14. In the same vein, they expect sales for the quarter to amount to $2,353.90 million.

Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $2,196.00 million in revenue alongside EPS at $0.14. On average, the analyst projection was calling for $3,069.00 million with $0.21 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $2,418.00 million, with earnings per share ending up at $0.19.

Range Resources Corporation (NYSE:RRC) experienced a drop of -2.25% from the closing price in the previous trading day. That drove the price to $4.34 per share, as observed on January 1st, 1970, at a time when the total trading volume reached 9,389,641 shares of stock – compared to the typical average of 10.02M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $9.36.

Pricing Indications for Range Resources Corporation (RRC)

This organization has had a price-to-earnings ratio of in the last year. Meanwhile, it gained 6.02 from its observable 50-day simple moving average. Right at this moment, the per-share value is -57.37% lower than the mean per-share price over the last 200 days in the market.

Range Resources Corporation (NYSE:RRC) In-Depth Brokerage Insights

We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 3 have a Buy rating, 8 have an outperform rating, while 16 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 3 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.70, based on information from Thomson Reuters.

RRC Stock Value Potential

In trading activity as of late, this stock’s value was 10.12 up from its 200 day moving average, while also -28.83% down when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $2.50-$20.00. The market value for the entire organization reached 1.12B. In the last trading session, the price ended the day at $4.44. The institutional holdings related to this organization account for 1.00%, and the Beta factor is now 0.97. This company’s RSI (Relative Strength Index) managed to hit 34.62.

Range Resources Corporation (NYSE:RRC) Analyst Points of Focus

Range Resources Corporation (RRC) has found itself inside of Jefferies’s research list, so their analyst rating adjustment is worth taking note of. This stock was downgraded to Hold, compared to its previous rating of Buy by Jefferies, as garnered from a news report on Monday July 15th, 2019. An additional helpful research note was sent out by Guggenheim’s on Thursday April 25th, 2019. The brokerage decided to downgrade RRC to Neutral from its previous rating of Buy.