Chesapeake Energy Corporation (NYSE:CHK) – Investment analysts at Jefferies Group lowered their Q1 2018 EPS estimates for shares of Chesapeake Energy Corporation in a research note issued on Monday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas exploration company will earn $0.31 per share for the quarter, down from their prior forecast of $0.42. Jefferies Group has a “Hold” rating and a $5.00 price objective on the stock. Jefferies Group also issued estimates for Chesapeake Energy Corporation’s Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.18 EPS.

CHK has been the subject of several other research reports. BidaskClub upgraded shares of Chesapeake Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Scotiabank restated a “hold” rating and issued a $5.00 target price on shares of Chesapeake Energy Corporation in a research report on Friday, June 30th. Vetr cut shares of Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 target price for the company. in a research report on Tuesday, July 11th. BMO Capital Markets restated a “hold” rating and issued a $3.00 target price on shares of Chesapeake Energy Corporation in a research report on Tuesday, June 27th. Finally, Barclays PLC restated a “sell” rating and issued a $4.00 target price (down previously from $5.00) on shares of Chesapeake Energy Corporation in a research report on Thursday, April 20th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.55.

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Shares of Chesapeake Energy Corporation (NYSE:CHK) traded up 1.418% during midday trading on Thursday, reaching $3.935. 11,143,847 shares of the company were exchanged. Chesapeake Energy Corporation has a 52-week low of $3.81 and a 52-week high of $8.20. The stock’s market capitalization is $3.51 billion. The company’s 50-day moving average price is $4.63 and its 200 day moving average price is $5.30. Chesapeake Energy Corporation also was the recipient of unusually large options trading activity on Tuesday. Traders bought 29,147 call options on the stock. This represents an increase of approximately 143% compared to the average daily volume of 11,975 call options.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The firm’s revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) earnings per share.

In other news, Director Thomas L. Ryan purchased 75,000 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Wednesday, May 31st. The stock was acquired at an average price of $5.00 per share, for a total transaction of $375,000.00. Following the transaction, the director now owns 440,355 shares in the company, valued at $2,201,775. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Brad Martin purchased 20,000 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average price of $5.26 per share, with a total value of $105,200.00. Following the transaction, the director now owns 501,958 shares in the company, valued at approximately $2,640,299.08. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 140,400 shares of company stock valued at $675,770. 1.10% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Tiedemann Wealth Management LLC raised its position in Chesapeake Energy Corporation by 21.0% in the first quarter. Tiedemann Wealth Management LLC now owns 16,999 shares of the oil and gas exploration company’s stock valued at $101,000 after buying an additional 2,952 shares in the last quarter. Hollencrest Securities LLC raised its position in Chesapeake Energy Corporation by 6.1% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company’s stock valued at $103,000 after buying an additional 1,000 shares in the last quarter. Cleararc Capital Inc. raised its position in Chesapeake Energy Corporation by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock valued at $111,000 after buying an additional 508 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Chesapeake Energy Corporation during the second quarter valued at $115,000. Finally, Advisory Services Network LLC raised its position in Chesapeake Energy Corporation by 42.6% in the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock valued at $116,000 after buying an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Chesapeake Energy Corporation 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.

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

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