Chesapeake Energy Co. (NYSE:CHK) – Analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for Chesapeake Energy in a research report issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst Z. Parham anticipates that the oil and gas exploration company will post earnings per share of $0.40 for the quarter. Jefferies Group currently has a “Hold” rating and a $6.00 target price on the stock. Jefferies Group also issued estimates for Chesapeake Energy’s FY2018 earnings at $2.04 EPS.
Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings results on Thursday, February 23rd. The oil and gas exploration company reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the business earned ($0.16) earnings per share. The firm’s revenue for the quarter was down 23.7% on a year-over-year basis.
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CHK has been the topic of a number of other research reports. Barclays PLC reissued a “sell” rating and set a $4.00 price target on shares of Chesapeake Energy in a research report on Thursday. FBR & Co set a $5.00 target price on Chesapeake Energy and gave the company a “sell” rating in a report on Saturday, March 11th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $7.00 target price on shares of Chesapeake Energy in a report on Friday, February 24th. Wunderlich reaffirmed a “buy” rating and issued a $10.00 target price on shares of Chesapeake Energy in a report on Wednesday, March 29th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $7.00 target price on shares of Chesapeake Energy in a report on Wednesday, December 28th. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.51.
Chesapeake Energy (NYSE:CHK) traded down 0.72% during midday trading on Thursday, hitting $5.52. The stock had a trading volume of 33,379,729 shares. Chesapeake Energy has a 52 week low of $3.56 and a 52 week high of $8.20. The stock has a 50-day moving average of $5.56 and a 200-day moving average of $6.28. The firm’s market cap is $4.89 billion. Chesapeake Energy also saw unusually large options trading on Thursday. Investors acquired 38,363 put options on the company. This represents an increase of approximately 264% compared to the typical daily volume of 10,538 put options.
A number of institutional investors have recently added to or reduced their stakes in the stock. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Chesapeake Energy during the second quarter worth about $101,000. Hollencrest Securities LLC increased its position in shares of Chesapeake Energy by 6.1% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company’s stock worth $103,000 after buying an additional 1,000 shares during the last quarter. Advisor Partners LLC acquired a new position in shares of Chesapeake Energy during the third quarter worth $104,000. Putnam Investments LLC increased its position in shares of Chesapeake Energy by 6.9% in the fourth quarter. Putnam Investments LLC now owns 15,394 shares of the oil and gas exploration company’s stock worth $108,000 after buying an additional 1,000 shares during the last quarter. Finally, National Planning Corp increased its position in shares of Chesapeake Energy by 13.8% in the fourth quarter. National Planning Corp now owns 17,051 shares of the oil and gas exploration company’s stock worth $110,000 after buying an additional 2,069 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.
In other news, Director Archie W. Dunham bought 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was acquired at an average cost of $5.24 per share, with a total value of $2,620,000.00. Following the transaction, the director now directly owns 4,637,717 shares of the company’s stock, valued at approximately $24,301,637.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.
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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