Chesapeake Energy Co. (NYSE:CHK) – Research analysts at Seaport Global Securities raised their Q4 2017 earnings per share (EPS) estimates for Chesapeake Energy in a research report issued on Tuesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas exploration company will earn $0.29 per share for the quarter, up from their prior forecast of $0.23.

CHK has been the topic of several other reports. BMO Capital Markets set a $4.00 price objective on Chesapeake Energy and gave the company a “hold” rating in a research report on Tuesday, November 14th. SunTrust Banks reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Chesapeake Energy in a research report on Wednesday, January 3rd. Scotiabank set a $4.00 price objective on Chesapeake Energy and gave the company a “hold” rating in a research report on Wednesday, November 22nd. Barclays upped their price objective on Chesapeake Energy from $2.00 to $3.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Finally, ValuEngine cut Chesapeake Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Seven investment 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 company’s stock. The stock presently has an average rating of “Hold” and an average target price of $5.29.

Chesapeake Energy (NYSE CHK) opened at $2.89 on Wednesday. The stock has a market capitalization of $2,630.00, a P/E ratio of -4.98 and a beta of 1.83. Chesapeake Energy has a 12-month low of $2.80 and a 12-month high of $6.59. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53.

Several large investors have recently bought and sold shares of the company. State Street Corp increased its stake in shares of Chesapeake Energy by 9.1% in the 2nd quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock worth $237,402,000 after purchasing an additional 3,982,812 shares in the last quarter. Northern Trust Corp increased its stake in shares of Chesapeake Energy by 5.6% in the 2nd quarter. Northern Trust Corp now owns 8,219,258 shares of the oil and gas exploration company’s stock worth $40,850,000 after purchasing an additional 433,272 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Chesapeake Energy by 6.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,784,218 shares of the oil and gas exploration company’s stock worth $29,172,000 after purchasing an additional 402,974 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Chesapeake Energy by 5.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 6,548,735 shares of the oil and gas exploration company’s stock worth $25,933,000 after purchasing an additional 367,150 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Chesapeake Energy by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,554,742 shares of the oil and gas exploration company’s stock worth $22,637,000 after purchasing an additional 198,178 shares in the last quarter. Hedge funds and other institutional investors own 63.80% of the company’s stock.

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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.

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

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