Chesapeake Energy Corp. (NYSE:CHK) – Research analysts at Jefferies Group lifted their Q1 2017 EPS estimates for Chesapeake Energy Corp. in a research note issued on Thursday. Jefferies Group analyst J. Wolff now anticipates that the firm will post earnings of $0.28 per share for the quarter, up from their previous forecast of $0.23. Jefferies Group has a “Hold” rating and a $5.00 price objective on the stock.

Chesapeake Energy Corp. (NYSE:CHK) last announced its earnings results on Thursday, November 3rd. The oil and gas exploration company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.12. Chesapeake Energy Corp. had a negative net margin of 70.72% and a negative return on equity of 16.16%. The company earned $2.28 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business earned ($0.05) earnings per share. The firm’s quarterly revenue was down 32.6% compared to the same quarter last year.

Earnings History and Estimates for Chesapeake Energy Corp. (NYSE:CHK)

Several other research analysts have also recently weighed in on the stock. Nomura reiterated a “hold” rating and set a $7.50 price target on shares of Chesapeake Energy Corp. in a research note on Monday, November 7th. KLR Group reiterated a “buy” rating and set a $10.00 price target (up previously from $9.00) on shares of Chesapeake Energy Corp. in a research note on Wednesday, October 26th. Royal Bank Of Canada upgraded shares of Chesapeake Energy Corp. from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $7.00 to $8.00 in a research note on Tuesday, October 25th. RBC Capital Markets upgraded shares of Chesapeake Energy Corp. from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $7.00 to $8.00 in a research note on Tuesday, October 25th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and set a $7.00 price target (up previously from $4.00) on shares of Chesapeake Energy Corp. in a research note on Monday, October 24th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Chesapeake Energy Corp. has a consensus rating of “Hold” and a consensus target price of $7.44.

Chesapeake Energy Corp. (NYSE:CHK) opened at 5.43 on Friday. The stock’s market capitalization is $4.16 billion. The company has a 50-day moving average of $6.15 and a 200 day moving average of $5.46. Chesapeake Energy Corp. has a 12 month low of $1.50 and a 12 month high of $8.15.

In related news, Director Archie W. Dunham acquired 1,000,000 shares of the stock in a transaction on Tuesday, September 20th. The stock was bought at an average cost of $6.67 per share, with a total value of $6,670,000.00. Following the transaction, the director now directly owns 4,127,951 shares in the company, valued at $27,533,433.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Archie W. Dunham acquired 350,000 shares of the stock in a transaction on Monday, August 22nd. The stock was bought at an average cost of $6.07 per share, with a total value of $2,124,500.00. Following the completion of the transaction, the director now owns 3,127,951 shares in the company, valued at $18,986,662.57. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its stake in Chesapeake Energy Corp. by 16.3% in the second quarter. Prudential Financial Inc. now owns 795,601 shares of the oil and gas exploration company’s stock valued at $3,405,000 after buying an additional 111,800 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Chesapeake Energy Corp. by 37.5% in the first quarter. TIAA CREF Investment Management LLC now owns 1,617,988 shares of the oil and gas exploration company’s stock valued at $6,666,000 after buying an additional 441,582 shares during the period. California Public Employees Retirement System boosted its stake in Chesapeake Energy Corp. by 17.6% in the second quarter. California Public Employees Retirement System now owns 4,892,674 shares of the oil and gas exploration company’s stock valued at $20,941,000 after buying an additional 730,500 shares during the period. HBK Investments L P boosted its stake in Chesapeake Energy Corp. by 119.5% in the first quarter. HBK Investments L P now owns 458,836 shares of the oil and gas exploration company’s stock valued at $1,890,000 after buying an additional 2,807,042 shares during the period. Finally, Encompass Capital Advisors LLC bought a new stake in Chesapeake Energy Corp. during the second quarter valued at about $22,374,000. 64.15% of the stock is owned by institutional investors.

About Chesapeake Energy Corp.

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

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