Fragasso Group Has Cut By $512,646 Its Johnson & Johnson (JNJ) Position; Chesapeake Energy (CHK) Sentiment Is 1.25

January 2, 2018 - By Kurt Siggers

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company has market cap of $3.68 billion. It operates in two divisions, Exploration and Production; and Marketing, Gathering, and Compression. It currently has negative earnings. The firm 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.

Fragasso Group Inc decreased Johnson & Johnson (JNJ) stake by 17.88% reported in 2017Q3 SEC filing. Fragasso Group Inc sold 3,974 shares as Johnson & Johnson (JNJ)’s stock rose 6.85%. The Fragasso Group Inc holds 18,254 shares with $2.37M value, down from 22,228 last quarter. Johnson & Johnson now has $374.15B valuation. The stock decreased 0.32% or $0.45 during the last trading session, reaching $139.27. About 1.90 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 2, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

The stock increased 3.91% or $0.155 during the last trading session, reaching $4.115. About 14.53 million shares traded. Chesapeake Energy Corporation (CHK) has risen 49.74% since January 2, 2017 and is uptrending. It has outperformed by 33.04% the S&P500.

Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on February, 22. They expect $0.23 earnings per share, up 228.57% or $0.16 from last year’s $0.07 per share. CHK’s profit will be $205.91 million for 4.47 P/E if the $0.23 EPS becomes a reality. After $0.12 actual earnings per share reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts 91.67% EPS growth.

Akanthos Capital Management Llc holds 5.17% of its portfolio in Chesapeake Energy Corporation for 750,000 shares. Old West Investment Management Llc owns 2.16 million shares or 4.87% of their US portfolio. Moreover, Schneider Capital Management Corp has 4.38% invested in the company for 5.66 million shares. The New York-based Stuyvesant Capital Management has invested 3.87% in the stock. Southeastern Asset Management Inc Tn, a Tennessee-based fund reported 42.91 million shares.

Ratings analysis reveals 14% of Chesapeake Energy’s analysts are positive. Out of 7 Wall Street analysts rating Chesapeake Energy, 1 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $5.0 while the high is $10.0. The stock’s average target of $7.40 is 79.83% above today’s ($4.115) share price. CHK was included in 7 notes of analysts from September 9, 2016. The company was upgraded on Friday, September 9 by Wunderlich. FBR Capital initiated Chesapeake Energy Corporation (NYSE:CHK) rating on Tuesday, September 13. FBR Capital has “Underperform” rating and $5.0 target. The company was upgraded on Tuesday, October 25 by RBC Capital Markets. The stock has “Neutral” rating by Mizuho on Tuesday, December 20. The firm has “Sell” rating given on Friday, October 21 by UBS. The rating was upgraded by Jefferies on Thursday, November 10 to “Hold”. Bank of America upgraded the shares of CHK in report on Friday, October 21 to “Neutral” rating.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 13 have Buy rating, 5 Sell and 5 Hold. Therefore 57% are positive. Johnson & Johnson had 83 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Wednesday, April 20. UBS initiated the stock with “Buy” rating in Tuesday, September 22 report. The rating was maintained by Cowen & Co on Tuesday, June 13 with “Buy”. Piper Jaffray reinitiated it with “Neutral” rating and $105.0 target in Monday, October 5 report. The firm has “Hold” rating by Piper Jaffray given on Monday, October 2. The rating was maintained by RBC Capital Markets with “Buy” on Monday, July 10. The stock has “Buy” rating by Credit Suisse on Thursday, October 19. Stifel Nicolaus maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, October 18 with “Hold” rating. On Wednesday, October 7 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Johnson & Johnson (NYSE:JNJ) earned “Strong-Buy” rating by Vetr on Monday, August 31.

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