Chesapeake Energy Corp. (NYSE:CHK) – Research analysts at Seaport Global Securities lifted their Q1 2017 earnings per share estimates for Chesapeake Energy Corp. in a research note issued on Tuesday. Seaport Global Securities analyst M. Kelly now anticipates that the brokerage will post earnings per share of $0.16 for the quarter, up from their previous estimate of $0.11. Seaport Global Securities also issued estimates for Chesapeake Energy Corp.’s Q2 2017 earnings at $0.10 EPS, Q3 2017 earnings at $0.10 EPS and Q4 2017 earnings at $0.11 EPS.
Chesapeake Energy Corp. (NYSE:CHK) last announced its quarterly earnings data on Thursday, May 5th. The oil and gas exploration company reported ($0.10) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.10). The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.55 billion. The company’s revenue was down 39.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share.
A number of other brokerages also recently weighed in on CHK. Vetr downgraded Chesapeake Energy Corp. from a “hold” rating to a “sell” rating and set a $6.52 price objective on the stock. in a research report on Wednesday, April 27th. Zacks Investment Research downgraded Chesapeake Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Citigroup Inc. raised Chesapeake Energy Corp. to a “hold” rating in a research report on Tuesday, April 12th. Finally, Johnson Rice raised Chesapeake Energy Corp. from a “hold” rating to an “accumulate” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $6.63.
A hedge fund recently raised its stake in Chesapeake Energy Corp. stock. Nationwide Fund Advisors increased its position in Chesapeake Energy Corp. (NYSE:CHK) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,183 shares of the oil and gas exploration company’s stock after buying an additional 63,711 shares during the period. Nationwide Fund Advisors owned about 0.08% of Chesapeake Energy Corp. worth $2,332,000 at the end of the most recent reporting period.
Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.
