Chesapeake Energy Co. (NYSE:CHK) – Capital One Financial lifted their FY2018 earnings per share (EPS) estimates for shares of Chesapeake Energy in a research note issued to investors on Tuesday. Capital One Financial analyst P. Johnston now forecasts that the oil and gas exploration company will post earnings per share of $0.65 for the year, up from their previous forecast of $0.63.
CHK has been the subject of several other research reports. BMO Capital Markets set a $4.00 target price on shares of Chesapeake Energy and gave the company a “hold” rating in a research report on Tuesday, November 14th. SunTrust Banks reissued a “buy” rating and issued a $6.00 price target on shares of Chesapeake Energy in a report on Wednesday, January 3rd. Scotiabank set a $4.00 price target on shares of Chesapeake Energy and gave the company a “hold” rating in a report on Wednesday, November 22nd. ValuEngine lowered shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy in a report on Tuesday, January 9th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.29.
A number of hedge funds and other institutional investors have recently made changes to their positions in CHK. Advisory Services Network LLC boosted its stake in Chesapeake Energy by 42.6% in the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after purchasing an additional 7,000 shares during the period. Gotham Asset Management LLC acquired a new position in Chesapeake Energy in the 2nd quarter worth $126,000. Sapphire Star Partners LP acquired a new position in Chesapeake Energy in the 3rd quarter worth $143,000. Thrivent Financial For Lutherans boosted its stake in Chesapeake Energy by 4.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 30,015 shares of the oil and gas exploration company’s stock worth $149,000 after purchasing an additional 1,200 shares during the period. Finally, Brave Asset Management Inc. boosted its stake in Chesapeake Energy by 154.2% in the 3rd quarter. Brave Asset Management Inc. now owns 38,130 shares of the oil and gas exploration company’s stock worth $164,000 after purchasing an additional 23,130 shares during the period. 63.80% of the stock is owned by hedge funds and other institutional investors.
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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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