Chesapeake Energy Corporation (NYSE:CHK)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a research report issued on Friday, July 21st. They presently have a $5.00 price objective on the oil and gas exploration company’s stock. Jefferies Group LLC’s target price indicates a potential upside of 4.38% from the stock’s previous close. Jefferies Group also issued estimates for Chesapeake Energy Corporation’s Q3 2017 earnings at $0.16 EPS, Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $0.81 EPS, Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.58 EPS and FY2018 earnings at $1.88 EPS.
Several other brokerages have also issued reports on CHK. ValuEngine lowered Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Wolfe Research began coverage on Chesapeake Energy Corporation in a research note on Thursday, June 15th. They issued a “market perform” rating and a $5.50 target price for the company. Vetr raised Chesapeake Energy Corporation from a “sell” rating to a “hold” rating and set a $4.80 target price for the company in a research note on Wednesday, July 5th. BidaskClub lowered Chesapeake Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 10th. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $4.00 target price (down previously from $5.00) on shares of Chesapeake Energy Corporation in a research note on Thursday, April 20th. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $6.68.
Shares of Chesapeake Energy Corporation (CHK) opened at 4.79 on Friday. The firm’s market capitalization is $4.27 billion. Chesapeake Energy Corporation has a 1-year low of $4.38 and a 1-year high of $8.20. The stock has a 50 day moving average of $4.84 and a 200-day moving average of $5.50.
Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings data on Thursday, May 4th. The oil and gas exploration company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 7.64% and a negative net margin of 35.84%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. On average, equities analysts expect that Chesapeake Energy Corporation will post $0.78 earnings per share for the current year.
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In other news, Director R Brad Martin bought 20,400 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were acquired at an average cost of $4.55 per share, with a total value of $92,820.00. Following the completion of the transaction, the director now owns 522,358 shares of the company’s stock, valued at approximately $2,376,728.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas L. Ryan bought 75,000 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was purchased at an average cost of $5.00 per share, for a total transaction of $375,000.00. Following the completion of the transaction, the director now directly owns 440,355 shares of the company’s stock, valued at approximately $2,201,775. The disclosure for this purchase can be found here. Insiders acquired 115,400 shares of company stock worth $573,020 over the last three months. Insiders own 1.14% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of CHK. Suntrust Banks Inc. increased its position in Chesapeake Energy Corporation by 13.3% in the first quarter. Suntrust Banks Inc. now owns 304,713 shares of the oil and gas exploration company’s stock valued at $1,808,000 after buying an additional 35,690 shares during the period. Amalgamated Bank increased its position in Chesapeake Energy Corporation by 1.0% in the first quarter. Amalgamated Bank now owns 94,374 shares of the oil and gas exploration company’s stock valued at $561,000 after buying an additional 958 shares during the period. Flinton Capital Management LLC increased its position in Chesapeake Energy Corporation by 25.4% in the first quarter. Flinton Capital Management LLC now owns 82,768 shares of the oil and gas exploration company’s stock valued at $492,000 after buying an additional 16,772 shares during the period. US Bancorp DE increased its position in Chesapeake Energy Corporation by 26.3% in the first quarter. US Bancorp DE now owns 37,164 shares of the oil and gas exploration company’s stock valued at $221,000 after buying an additional 7,733 shares during the period. Finally, State Street Corp increased its position in Chesapeake Energy Corporation by 6.0% in the first quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock valued at $260,083,000 after buying an additional 2,476,711 shares during the period. 64.81% of the stock is currently owned by hedge funds and other institutional investors.
About Chesapeake Energy Corporation
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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