Chesapeake Energy Co. (NYSE:CHK) – Analysts at Seaport Global Securities lowered their Q2 2017 EPS estimates for shares of Chesapeake Energy in a research note issued on Thursday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will post earnings per share of $0.12 for the quarter, down from their previous estimate of $0.18. Seaport Global Securities also issued estimates for Chesapeake Energy’s Q3 2017 earnings at $0.16 EPS, Q2 2018 earnings at $0.25 EPS and Q3 2018 earnings at $0.23 EPS.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings data on Thursday, May 4th. The oil and gas exploration company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business posted ($0.10) EPS.

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

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated a “hold” rating and issued a $6.00 price target on shares of Chesapeake Energy in a report on Monday, May 15th. Barclays PLC reiterated a “sell” rating and issued a $4.00 price target (down previously from $5.00) on shares of Chesapeake Energy in a report on Thursday, April 20th. Scotiabank set a $6.00 price target on shares of Chesapeake Energy and gave the company a “hold” rating in a report on Monday, March 27th. Macquarie reiterated a “neutral” rating on shares of Chesapeake Energy in a report on Monday, May 8th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $9.00 price target on shares of Chesapeake Energy in a report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.35.

Chesapeake Energy (NYSE:CHK) opened at 5.18 on Friday. The company has a 50-day moving average of $5.62 and a 200-day moving average of $6.15. The firm’s market cap is $4.61 billion. Chesapeake Energy has a 1-year low of $3.93 and a 1-year high of $8.20. Chesapeake Energy also was the recipient of some unusual options trading activity on Thursday. Stock investors bought 34,287 put options on the stock. This is an increase of approximately 275% compared to the average daily volume of 9,149 put options.

Institutional investors have recently modified their holdings of the stock. Segantii Capital Management Ltd bought a new position in shares of Chesapeake Energy during the third quarter valued at $3,060,000. Allianz Asset Management AG raised its position in shares of Chesapeake Energy by 511.4% in the fourth quarter. Allianz Asset Management AG now owns 8,521,908 shares of the oil and gas exploration company’s stock valued at $59,824,000 after buying an additional 10,593,589 shares during the last quarter. State Street Corp raised its position in shares of Chesapeake Energy by 18.9% in the fourth quarter. State Street Corp now owns 41,308,984 shares of the oil and gas exploration company’s stock valued at $289,984,000 after buying an additional 6,558,367 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Chesapeake Energy during the fourth quarter valued at $16,613,000. Finally, Howard Hughes Medical Institute bought a new position in shares of Chesapeake Energy during the first quarter valued at $223,000. 66.74% of the stock is currently owned by institutional investors.

In related news, Director Archie W. Dunham acquired 500,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were bought at an average cost of $5.24 per share, with a total value of $2,620,000.00. Following the completion of the transaction, the director now directly owns 4,637,717 shares of the company’s stock, valued at $24,301,637.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

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.

12 Month Chart for NYSE:CHK

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