Chesapeake Energy Corporation (NYSE:CHK) – Analysts at SunTrust Banks lowered their Q3 2017 earnings per share estimates for shares of Chesapeake Energy Corporation in a research report issued to clients and investors on Thursday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas exploration company will post earnings per share of $0.15 for the quarter, down from their previous estimate of $0.17. SunTrust Banks has a “Buy” rating and a $9.00 price target on the stock. SunTrust Banks also issued estimates for Chesapeake Energy Corporation’s Q4 2017 earnings at $0.20 EPS and FY2017 earnings at $0.74 EPS.

A number of other analysts have also recently weighed in on CHK. Vetr cut shares of Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and set a $5.23 price target on the stock. in a report on Monday, July 31st. ValuEngine cut shares of Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 9th. BidaskClub cut shares of Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Scotiabank set a $5.00 price target on shares of Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Thursday. Finally, Jefferies Group LLC set a $6.00 price target on shares of Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Tuesday, June 6th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.74.

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Chesapeake Energy Corporation (NYSE CHK) opened at 4.53 on Monday. Chesapeake Energy Corporation has a 52 week low of $4.38 and a 52 week high of $8.20. The company’s market cap is $4.04 billion. 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 earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The firm had revenue of $2.28 billion for 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 business’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.14) earnings per share.

In other news, Director R Brad Martin bought 20,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was purchased at an average cost of $5.26 per share, with a total value of $105,200.00. Following the acquisition, the director now directly owns 501,958 shares in the company, valued at $2,640,299.08. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas L. Ryan bought 75,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were purchased at an average cost of $5.00 per share, with a total value of $375,000.00. Following the completion of the acquisition, the director now owns 440,355 shares in the company, valued at $2,201,775. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 115,400 shares of company stock valued at $573,020. Insiders own 1.14% of the company’s stock.

Several institutional investors have recently bought and sold shares of CHK. 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 during the period. 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 during the period. 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 during the period. Fox Run Management L.L.C. purchased a new position in Chesapeake Energy Corporation during the second quarter valued at $115,000. Finally, Cutler Capital Management LLC purchased a new position in Chesapeake Energy Corporation during the first quarter valued at $142,000. 64.73% of the stock is 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.

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

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