Chesapeake Energy Corporation (NYSE:CHK) – Research analysts at Jefferies Group reduced their Q3 2017 earnings per share estimates for Chesapeake Energy Corporation in a report released on Monday. Jefferies Group analyst Z. Parham now anticipates that the oil and gas exploration company will earn $0.14 per share for the quarter, down from their previous forecast of $0.16. 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 Q4 2017 earnings at $0.23 EPS and FY2017 earnings at $0.74 EPS.

A number of other equities analysts have also recently weighed in on CHK. BidaskClub cut Chesapeake Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Monday. BMO Capital Markets set a $3.00 price target on Chesapeake Energy Corporation and gave the stock a “hold” rating in a report on Saturday. Stifel Nicolaus reiterated a “buy” rating and set a $6.00 price target (down from $10.00) on shares of Chesapeake Energy Corporation in a report on Friday, August 11th. Scotiabank set a $5.00 price target on Chesapeake Energy Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, Vetr upgraded Chesapeake Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $5.68 price target for the company in a report on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $6.55.

TRADEMARK VIOLATION NOTICE: “Jefferies Group Analysts Cut Earnings Estimates for Chesapeake Energy Corporation (CHK)” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/08/16/jefferies-group-analysts-cut-earnings-estimates-for-chesapeake-energy-corporation-chk.html.

Chesapeake Energy Corporation (NYSE:CHK) opened at 3.98 on Wednesday. The company’s market cap is $3.55 billion. Chesapeake Energy Corporation has a 52 week low of $3.92 and a 52 week high of $8.20. The stock has a 50 day moving average of $4.68 and a 200 day moving average of $5.32.

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

In other Chesapeake Energy Corporation news, Director Thomas L. Ryan bought 75,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were purchased at an average cost of $5.00 per share, for a total transaction of $375,000.00. Following the transaction, the director now directly owns 440,355 shares in the company, valued at $2,201,775. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R Brad Martin bought 25,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $4.11 per share, for a total transaction of $102,750.00. Following the completion of the transaction, the director now owns 547,358 shares in the company, valued at $2,249,641.38. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 140,400 shares of company stock worth $675,770. 1.14% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of CHK. Verition Fund Management LLC purchased a new position in shares of Chesapeake Energy Corporation during the second quarter worth about $488,000. California State Teachers Retirement System raised its stake in Chesapeake Energy Corporation by 33.9% in the second quarter. California State Teachers Retirement System now owns 1,664,068 shares of the oil and gas exploration company’s stock valued at $8,270,000 after buying an additional 421,392 shares in the last quarter. KLCM Advisors Inc. raised its stake in Chesapeake Energy Corporation by 11.3% in the second quarter. KLCM Advisors Inc. now owns 53,400 shares of the oil and gas exploration company’s stock valued at $265,000 after buying an additional 5,400 shares in the last quarter. BlueCrest Capital Management Ltd raised its stake in Chesapeake Energy Corporation by 341.2% in the second quarter. BlueCrest Capital Management Ltd now owns 582,336 shares of the oil and gas exploration company’s stock valued at $2,894,000 after buying an additional 450,336 shares in the last quarter. Finally, State Street Corp raised its stake in Chesapeake Energy Corporation by 9.1% in the second quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock valued at $237,402,000 after buying an additional 3,982,812 shares in the last quarter. 64.25% 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)

Receive News & Ratings for Chesapeake Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.