Capital One Financial Research Analysts Lift Earnings Estimates for Chesapeake Energy Co. (CHK)

Chesapeake Energy Co. (NYSE:CHK) – Analysts at Capital One Financial increased their Q4 2017 EPS estimates for Chesapeake Energy in a note issued to investors on Tuesday. Capital One Financial analyst P. Johnston now anticipates that the oil and gas exploration company will post earnings per share of $0.17 for the quarter, up from their prior estimate of $0.16. Capital One Financial also issued estimates for Chesapeake Energy’s Q1 2018 earnings at $0.23 EPS.

CHK has been the subject of a number of other reports. Barclays upped their price target on Chesapeake Energy from $2.00 to $3.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. ValuEngine lowered Chesapeake Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Mizuho lowered Chesapeake Energy from a “neutral” rating to an “underperform” rating and upped their price target for the stock from $4.28 to $8.00 in a report on Tuesday, January 16th. Scotiabank reiterated a “hold” rating and set a $5.00 price target on shares of Chesapeake Energy in a report on Friday, November 3rd. Finally, Piper Jaffray Companies set a $4.00 price target on Chesapeake Energy and gave the stock a “hold” rating in a report on Thursday, October 19th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $5.29.

Chesapeake Energy (NYSE CHK) opened at $3.13 on Wednesday. Chesapeake Energy has a 1-year low of $2.98 and a 1-year high of $6.59. The company has a market capitalization of $2,807.84, a P/E ratio of -9.21 and a beta of 1.80. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of -4.17.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans increased its position in shares of Chesapeake Energy by 4.2% during the second quarter. Thrivent Financial For Lutherans now owns 30,015 shares of the oil and gas exploration company’s stock valued at $149,000 after purchasing an additional 1,200 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Chesapeake Energy by 1.8% during the second quarter. Mutual of America Capital Management LLC now owns 93,990 shares of the oil and gas exploration company’s stock valued at $467,000 after purchasing an additional 1,634 shares during the period. M&T Bank Corp increased its position in shares of Chesapeake Energy by 8.2% during the second quarter. M&T Bank Corp now owns 39,420 shares of the oil and gas exploration company’s stock valued at $195,000 after purchasing an additional 3,001 shares during the period. Advisory Services Network LLC increased its position in shares of Chesapeake Energy by 42.6% during 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 purchasing an additional 7,000 shares during the period. Finally, Archford Capital Strategies LLC bought a new stake in shares of Chesapeake Energy during the second quarter valued at approximately $984,000. Institutional investors and hedge funds own 63.80% of the company’s stock.

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About Chesapeake Energy

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 (NYSE:CHK)

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