Chesapeake Energy Co. (NYSE:CHK) – Equities research analysts at SunTrust Banks lowered their FY2017 EPS estimates for Chesapeake Energy in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst N. Dingmann now expects that the oil and gas exploration company will earn $0.65 per share for the year, down from their previous estimate of $0.72. SunTrust Banks currently has a “Buy” rating and a $6.00 target price on the stock. SunTrust Banks also issued estimates for Chesapeake Energy’s Q4 2017 earnings at $0.16 EPS and FY2018 earnings at $0.85 EPS.
Several other research firms also recently commented on CHK. ValuEngine upgraded Chesapeake Energy from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Mizuho restated a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a report on Friday, September 29th. Jefferies Group downgraded Chesapeake Energy from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $4.00 to $2.00 in a report on Monday, October 9th. BMO Capital Markets set a $4.00 price objective on Chesapeake Energy and gave the stock a “hold” rating in a report on Tuesday, November 14th. Finally, Imperial Capital assumed coverage on Chesapeake Energy in a report on Tuesday, September 19th. They set an “in-line” rating and a $5.00 price objective on the stock. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $5.10.
Chesapeake Energy (NYSE:CHK) last released its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $979.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. Chesapeake Energy’s quarterly revenue was down 16.8% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank boosted its position in shares of Chesapeake Energy by 23.0% in the 3rd quarter. Toronto Dominion Bank now owns 306,340 shares of the oil and gas exploration company’s stock worth $1,317,000 after purchasing an additional 57,315 shares in the last quarter. Commonwealth Equity Services Inc boosted its position in shares of Chesapeake Energy by 20.9% in the 3rd quarter. Commonwealth Equity Services Inc now owns 361,245 shares of the oil and gas exploration company’s stock worth $1,553,000 after purchasing an additional 62,557 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Chesapeake Energy by 45.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 403,219 shares of the oil and gas exploration company’s stock worth $2,004,000 after purchasing an additional 126,910 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Chesapeake Energy by 20.5% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 791,989 shares of the oil and gas exploration company’s stock worth $3,405,000 after purchasing an additional 134,861 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Chesapeake Energy in the 2nd quarter worth $1,524,000. 63.98% of the stock is currently owned by institutional investors and hedge funds.
Chesapeake Energy Company Profile
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
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