Chesapeake Energy Named Top Employer and 2 Movers to Watch
Chesapeake Energy Corporation (NYSE:CHK) has been chosen as a 2013 Top 100 Military Friendly Employer by G.I. Jobs magazine, which ranked the energy firm 43rd out of 100 companies. This honor marks Chesapeake’s third year on the list and also its highest ranking, recognizing the company’s continued progress in employing veterans and supporting them in the workforce afterwards. During the current year, Chesapeake formed a military hiring project and then employed in excess of 600 veterans for high-paying, quality jobs in the oil and natural gas industry.
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Schlumberger Limited (NYSE:SLB) saw its Neutral rating and its price target of $74 maintained at Zacks through a research note to investors. In the note, an analyst commented that, “We are maintaining our Neutral recommendation on Schlumberger following its third quarter results. The company was bolstered by strong performances in global exploration and deepwater activity, as well as efficiency in operations. Its international reach and diverse product offerings aided the company to offset the challenging North American market during the quarter. Schlumberger is expected to outperform its peers in the fourth quarter. Already in the third quarter, the company has taken the margin lead in North America. However, weaker North American onshore activity continues to weigh on results. Additionally, Schlumberger faces a number of headwinds, including changes in exploration and production spending patterns, commodity price fluctuations and overall economic conditions.”
Apache Corporation (NYSE:APA) shares are among major new purchases by Richard Pzena’s Pzena Investment Management, as recently posted in a 13F for its activity for the third quarter. During the period the market value of its stocks jumped from $8.55 billion to $12 billion, as the company bought 7 new stocks and sold off 12. Along with Apache, new stock acquisitions include the healthcare stock Hospira (NYSE:HSP), Herman Miller (NASDAQ:MLHR), tech company Engility Holdings (NYSE:EGL), and Synovus Financial Corp. (NYSE:SNV).
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